Moving to Bangalore: new life

blenheim · Jul 31st, 2008, 18:41

Hi guys,

I'm very new to this - so excuse any faux pas's!

My husband and I are looking to move to Bangalore and he has been offered a position with a salary of £14-18 Lak. This is not with his existing employer - so it's not a transfer from the UK to India but we are doing this as we enjoy adventuring and want to do something different!

We have been doing our research and understand:

House (2-3 bed): 60K per month
New car: 1300K
Driver: 5K pcm

A few questions:

1. He does not have a work permit - how do we go about getting one? Perhaps via the embassy here in London?
2. Is the salary reasonable for someone with 11 years industry experience in resource management?

We'd love to hear from anyone with any help and/or advice.

puchoo · Jul 31st, 2008, 18:46

Hi and welcome to the site!!!

There is information on this on the site,just do some reading up on that till the replies start..

2 things though...

I dont know what you mean by £14-18 Lak ( Are you saying 14-18 lacs INR...per month or per year)

Secondly, you have put 1300 against the new car. Again is this 1300 INR or 1300GBP.....?

blenheim · Jul 31st, 2008, 18:54

Apologies!

14-18 Lacs INR per year salary
1300 INR for a medium car
?? A little confused about housing as there seems to be a lot of different costs...

Thanks for the reply, I have a few Indian friends who told me this was the site to go to find out everything you could need to know about India.

We're really excited.

puchoo · Jul 31st, 2008, 19:00

Thats whats i thought!!

Will let the Bangalore experts handle the other queries. But 1300 on a car , i am assuming you are talking monthly EMI's, is too low. The EMI would ofcourse depend on the initial deposit i.e the higher the down payment the lower the EMI.

Unless you meant something else with 1300 INR?

Your friends are right and wise!! This is where its happening!!!

Quote:

Originally Posted by blenheim

Apologies!

14-18 Lacs INR per year salary
1300 INR for a medium car
?? A little confused about housing as there seems to be a lot of different costs...

Thanks for the reply, I have a few Indian friends who told me this was the site to go to find out everything you could need to know about India.

We're really excited.

nayan · Jul 31st, 2008, 19:01

i think she meant 1300K ie 13 lacs for the car.

puchoo · Jul 31st, 2008, 19:05

Thats whats i thought , lets wait for the OP to clarify.

Quote:

Originally Posted by nayan

i think she meant 1300K ie 13 lacs for the car.

mirjamd · Jul 31st, 2008, 19:21

14-18 lac a year is not that much for an expat salary. It depends on whether you will have to pay tax on it in your own country or in India. If it is after taxes, it is good enough, though not very generous.

Does the company pay for housing, a driver etc. ?

obione980 · Jul 31st, 2008, 19:23

Could I suggest to blenheim that she use standard western notation - and clearly indicate GBP or INR (or USD or whatever). Then everyone will know what's meant.

blenheim · Jul 31st, 2008, 19:41

How about these figures?

Can anyone advise...if we're nearly there? Can a couple survive on 18 Lacs INR per year salary?

2000 INR monthly allowance for a medium car, (after deposit or initial downpayment paid)
House (2 bed): 50000 INR per month
Driver: 5000 INR per month

All your help is appreciated

nayan · Jul 31st, 2008, 19:57

Blenheim

The salary you are quoting is what an Indian middle manager would be getting. Its not an expat salary.

But that should not deter you. an indian earning this salary would be definitely living an upper middleclass lifestyle which is very far away from "survival".

1. th EMI or monthly mortgage payment on the car will depend on the cost of the car and the initial downpayment. In case of a car costing 400000 INR(compact hatchback) with 10% downpayment, the monthly payments will be around at least 5000 to 6000.

2. you can get 2-3 bedroom flats for 15000-20000(unfurnished) to sky is the limit. depends on your requirements

3. driver will be around 5000 to 7000.

obione980 · Jul 31st, 2008, 20:07

1,800,000INR - 24,000INR - 600,000INR - 60,000INR = 1,116,000INR

That leaves about 3,050INR per day for everything else. Your call from there I'd say. It's not a lot by western standards.

puchoo · Jul 31st, 2008, 20:10

As far as the car goes you will have to make quite a downpayment in terms of percentage to be able to hit that EMI figure.

For example a Wagon r , whose basic version will come in about 350,000 road...

Say its a 100,000 downpayment i.e 250,000 will be the loan amount.

max tenure is 7 years for an auto loan i.e 84 Months. So loan amount divided by 84 leaves you with.. 2976

In reality its 2976 + interest.

The downpayment in this case actually needs to be around the region of 200,000 (which leaves you with 1756 + interest) i.e 56% percent of the car's on road price.

And given by what you are saying, i would assume you are looking at buying a bigger car than the Wagon R.

blenheim · Jul 31st, 2008, 20:22

Brilliant - thanks all for that, really good to speak to those in the know.

Sounds like if we're in it for the ride - rather than saving loads of cash it could be a go-er but we need to find out about taxes/if the car is included etc

Next on the agenda is a work permit. I have been looking and it seems like the longest work visa you can get is a yearly one but you have to leave every 3 months for a period of time?

Does this match with what you guys have experience of? Presuming it's the responsibility of the employer to arrange this if they offer you a job?

NowInBangalore · Jul 31st, 2008, 20:28

14 - 18 INR per year (that is about 1.5 lakhs a month) is just about middle class in Bangalore. Don't go for Rs 60,000 per month rent, that will not leave you much to have fun with or to save (if you are into saving some money). You should be able to get a very decent flat in a very decent community for Rs 20K - 40K (with swimming pool and playground and clubhouse). If you go lower than that in rent, you will find nice places in middle class Indian neighborhoods.

There is a big time "initial" expense - car, water filter, power backups.

New cars between 5 - 10 lakhs, we had previously looked at used car shops, found they were all odometer altered! Used cars run between 2 - 5 lakhs. Renting cars becomes VERY expensive.

Food is cheap. But our biggest expense so far has been travel. Eating out is a lot of fun, we try different restaurant at different times, and that could also be expensive.

How about medical insurance? Your company should cover that. That could get expensive too.

NIB.

Nick-H · Jul 31st, 2008, 22:21

Blenheim, your husband must get an Employment Visa.

If that is granted, you should be granted an "Entry" ("X") visa for the same period of time, and neither of you will have to leave India for visa renewal whilst he continues to do this job, and continues to have his visa renewed, in India.

It is your responsibility to apply for visas in UK. You will have to submit a letter of confirmation from his employer, which should also state why they are unable to employ an Indian resident national in the post. Do not expect an Indian employer to understand their country's immigration laws; unless they regularly employ foreigners it is unlikely that they will. You can find advice and experience here, but please check out the official sites for reference!

Your faux pas is in not reading the many threads here about this stuff

, and the questions and answers from lots of members in similar situations, but hey, don't worry too much, you are very welcome to the site!

Do a heap of browsing in the expat sections (look under different cities too; a lot is common) and the visa section.

Jul 31st, 2008, 18:41	#1
blenheim Member Join Date: Jul 2008 Location: Lincoln, UK Posts: 6	Moving to Bangalore: new life Hi guys, I'm very new to this - so excuse any faux pas's! My husband and I are looking to move to Bangalore and he has been offered a position with a salary of £14-18 Lak. This is not with his existing employer - so it's not a transfer from the UK to India but we are doing this as we enjoy adventuring and want to do something different! We have been doing our research and understand: House (2-3 bed): 60K per month New car: 1300K Driver: 5K pcm A few questions: 1. He does not have a work permit - how do we go about getting one? Perhaps via the embassy here in London? 2. Is the salary reasonable for someone with 11 years industry experience in resource management? We'd love to hear from anyone with any help and/or advice. __________________ ;-) thanks a million

Jul 31st, 2008, 18:46	#2
puchoo Maha Guru Member Join Date: Nov 2006 Location: New Delhi & Himachal Pradesh (Shimla) Posts: 5,411	Hi and welcome to the site!!! There is information on this on the site,just do some reading up on that till the replies start.. 2 things though... I dont know what you mean by £14-18 Lak ( Are you saying 14-18 lacs INR...per month or per year) Secondly, you have put 1300 against the new car. Again is this 1300 INR or 1300GBP.....? __________________ Cheers! Indiamike Mod team............ puchoo.wordpress.com

Jul 31st, 2008, 20:28	#14
NowInBangalore Senior Member Join Date: Apr 2008 Location: Bangalore, India Posts: 159	Bangalore 14 - 18 INR per year (that is about 1.5 lakhs a month) is just about middle class in Bangalore. Don't go for Rs 60,000 per month rent, that will not leave you much to have fun with or to save (if you are into saving some money). You should be able to get a very decent flat in a very decent community for Rs 20K - 40K (with swimming pool and playground and clubhouse). If you go lower than that in rent, you will find nice places in middle class Indian neighborhoods. There is a big time "initial" expense - car, water filter, power backups. New cars between 5 - 10 lakhs, we had previously looked at used car shops, found they were all odometer altered! Used cars run between 2 - 5 lakhs. Renting cars becomes VERY expensive. Food is cheap. But our biggest expense so far has been travel. Eating out is a lot of fun, we try different restaurant at different times, and that could also be expensive. How about medical insurance? Your company should cover that. That could get expensive too. NIB.

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Jul 31st, 2008, 18:54	#3
blenheim Member Join Date: Jul 2008 Location: Lincoln, UK Posts: 6	Apologies! 14-18 Lacs INR per year salary 1300 INR for a medium car ?? A little confused about housing as there seems to be a lot of different costs... Thanks for the reply, I have a few Indian friends who told me this was the site to go to find out everything you could need to know about India. We're really excited.

Jul 31st, 2008, 19:01	#5
nayan Forum Leader Join Date: Aug 2006 Location: hyderabad/tokyo Posts: 1,930	i think she meant 1300K ie 13 lacs for the car.

Jul 31st, 2008, 19:21	#7
mirjamd Senior Member Join Date: Jul 2007 Location: Chennai Posts: 364	14-18 lac a year is not that much for an expat salary. It depends on whether you will have to pay tax on it in your own country or in India. If it is after taxes, it is good enough, though not very generous. Does the company pay for housing, a driver etc. ?

Jul 31st, 2008, 19:23	#8
obione980 Senior Member Join Date: Oct 2005 Location: Brisbane Posts: 381	Could I suggest to blenheim that she use standard western notation - and clearly indicate GBP or INR (or USD or whatever). Then everyone will know what's meant.

Jul 31st, 2008, 19:41	#9
blenheim Member Join Date: Jul 2008 Location: Lincoln, UK Posts: 6	How about these figures? Can anyone advise...if we're nearly there? Can a couple survive on 18 Lacs INR per year salary? 2000 INR monthly allowance for a medium car, (after deposit or initial downpayment paid) House (2 bed): 50000 INR per month Driver: 5000 INR per month All your help is appreciated

Jul 31st, 2008, 19:57	#10
nayan Forum Leader Join Date: Aug 2006 Location: hyderabad/tokyo Posts: 1,930	Blenheim The salary you are quoting is what an Indian middle manager would be getting. Its not an expat salary. But that should not deter you. an indian earning this salary would be definitely living an upper middleclass lifestyle which is very far away from "survival". 1. th EMI or monthly mortgage payment on the car will depend on the cost of the car and the initial downpayment. In case of a car costing 400000 INR(compact hatchback) with 10% downpayment, the monthly payments will be around at least 5000 to 6000. 2. you can get 2-3 bedroom flats for 15000-20000(unfurnished) to sky is the limit. depends on your requirements 3. driver will be around 5000 to 7000.

Jul 31st, 2008, 20:07	#11
obione980 Senior Member Join Date: Oct 2005 Location: Brisbane Posts: 381	1,800,000INR - 24,000INR - 600,000INR - 60,000INR = 1,116,000INR That leaves about 3,050INR per day for everything else. Your call from there I'd say. It's not a lot by western standards.

Jul 31st, 2008, 20:10	#12
puchoo Maha Guru Member Join Date: Nov 2006 Location: New Delhi & Himachal Pradesh (Shimla) Posts: 5,411	As far as the car goes you will have to make quite a downpayment in terms of percentage to be able to hit that EMI figure. For example a Wagon r , whose basic version will come in about 350,000 road... Say its a 100,000 downpayment i.e 250,000 will be the loan amount. max tenure is 7 years for an auto loan i.e 84 Months. So loan amount divided by 84 leaves you with.. 2976 In reality its 2976 + interest. The downpayment in this case actually needs to be around the region of 200,000 (which leaves you with 1756 + interest) i.e 56% percent of the car's on road price. And given by what you are saying, i would assume you are looking at buying a bigger car than the Wagon R.

Jul 31st, 2008, 20:22	#13
blenheim Member Join Date: Jul 2008 Location: Lincoln, UK Posts: 6	Brilliant - thanks all for that, really good to speak to those in the know. Sounds like if we're in it for the ride - rather than saving loads of cash it could be a go-er but we need to find out about taxes/if the car is included etc Next on the agenda is a work permit. I have been looking and it seems like the longest work visa you can get is a yearly one but you have to leave every 3 months for a period of time? Does this match with what you guys have experience of? Presuming it's the responsibility of the employer to arrange this if they offer you a job?

Jul 31st, 2008, 22:21	#15
Nick-H This is just a cameo appearance Join Date: Oct 2004 Location: Chennai, India Posts: 36,197	Blenheim, your husband must get an Employment Visa. If that is granted, you should be granted an "Entry" ("X") visa for the same period of time, and neither of you will have to leave India for visa renewal whilst he continues to do this job, and continues to have his visa renewed, in India. It is your responsibility to apply for visas in UK. You will have to submit a letter of confirmation from his employer, which should also state why they are unable to employ an Indian resident national in the post. Do not expect an Indian employer to understand their country's immigration laws; unless they regularly employ foreigners it is unlikely that they will. You can find advice and experience here, but please check out the official sites for reference! Your faux pas is in not reading the many threads here about this stuff , and the questions and answers from lots of members in similar situations, but hey, don't worry too much, you are very welcome to the site! Do a heap of browsing in the expat sections (look under different cities too; a lot is common) and the visa section.