“In the last two years around 500 Indians, a number of whom are said to be agriculturalists from Chandigarh and the northern region, have registered themselves for the ‘Malaysia, My Second Home’ ( MM2H in short) venture that is being sponsored by the Malaysian Tourism Board.
Under the scheme, the Malaysian government allows tourists to invest into the country’s real estate market. It’s simple, just pick a home ( either in the heart of the city or an island), pick your price ( in upwards of Rs.18 lakh) and voila ! You have a home for yourself….” Times of India. Bangalore, May 1st, ’07.
The logic seems to be that people who settle will invariably visit the country. Thrown in are a 5 year visa and such other benefits. I am sure the Malaysian government has got its calculations right, given our battalion of relatives & friends !
The concept seems alluring isn’t it. Some of my friends who wanted to invest in a second home found it a struggle to find a decent apartment under Rs. 40 lacs, in Bangalore. But hey, now there is Malaysia !
I was all set to close this post, when my wife chipped in with this news. Dubai beckons too. Giving you a permanent residential visa on buying a flat over there. ( Coupled with interest free loans et al ) !
When it comes to flats, i guess the world is turning ! And getting truly flat !!
I chanced upon today’s music in You Tube. Japanese kids dancing to a Tamil film song. The synchrony kept me riveted & i had to share ! The borders just didn’t seem to exist !