Most of the NRIs and PIOs often ignore the needfor their ancestral property management. They feel worried about their insurances, investment, and other liabilities, but completely ignore their ancestral property. There are two reasons behind it, first, they do not feel the need for that, and secondly, they do not know the ways to protect their ancestral property and retain its value as a performing asset in their life. The current blog is an attempt to clear the air about this phenomenon for NRIs and PIOs.
Let us travel back to the history of colonization in the USA, 16th century saw the tremendous migration of the people from African countries, Spain and UK. Most of them were bonded labors. “The lady of fortune” smiled on some of them they got some land as a compensation of their honest services. Now in the 16th or 17th generation down the line, their bloodline is enjoying a princely status in the same location where they were working as bonded labors. It happened because the first generation won the battle of livelihood and shelter and forthcoming generations got this opportunity to survive well and flourished well.
Let us have a look at the migration patterns of 16th and 17th century in America again. We told you the story of the people who got an opportunity to settle down in the land where they were working. However, many of them reverse migrated to their native land after finishing their contracts. They were the worst sufferers because they lost their roots completely their properties were all ransacked by others and they were forced to start their life from a zero all over again.
NRIs staying abroad are also feeling the same pang. According to various surveys, the employment opportunities for migrant population in the current world are declining. Economically speaking a big recession is all set to hit the world market. First world countries are cutting down the needs of human counterparts in their operations and to top the list the foreign policies and domestic policies are discouraging the concept of migrant laborers. It also means that PIO (people of Indian origin) are also under a threat where they can be forced to migrating back to their native lands. Now NRIs are also under this threat where they will be forced to start it with a big zero.
NRIs and PIO can hire seasoned firms like Knowledgentia Consultants to handle their ancestral property management. There are many issues that require a constant attention, for instance, you need a watchdog to check the legal status of your property. Many NRIs and PIO lose their property because they fail to attend the litigations associated with the distribution of the ancestral properties. They can hire these firms for various types of plans. Knowledgentia consultants offers following professional services:-
NRIs & PIO hire Knowledgentia Consultants to act as their local arm. We are renowned for our completely transparent process under which the prescribed time and cost are all explained to the client beforehand, furthermore, here are no hidden costs. Knowledgentia Consultants is highly popular among the diaspora of Africa, Canada, Australia, Singapore, Europe, the Middle East and USA.
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