Think HR Think CHRM
Thursday - 18 Apr 2019

CHRMGlobal.com on LinkedIn
Username : Password: Forgot Password?
Updates
Updates
The need to have land as an alternative asset...
Archive

Owning property has become a key investment tool for many people. In villages and rural areas, land translates into the very existence of a person. Indeed, property is eternally named in that age-old adage on prime requirement for survival: Roti, Kapda aur Makan.

But here, the onus is on food, clothing and, rather than property, on shelter. Chanakya had stressed this centuries ago in the Arthashastra:

“Of the excellence of land, affording shelter is best” (7.11.22).

He had even listed many ideas on how to select a land or property based on its qualities: Conducive to agriculture, having a perennial source of water, rich in minerals, etc.

However, as in the verse above, he liked that land which gives us shelter during tough times. Now how do people like us staying in cities apply this?

1) PURCHASE LAND IN SMALLER PLACES

Having a property in Mumbai is a dream. It’s one of the costliest cities in the world. If you are among the lucky ones who already have a house in Mumbai or another similarly big city, do not stop there.

Purchase a small property in a smaller place as an additional shelter and investment. Why? Simple: If you can build one home in a metro city, it shows you have the capability for creating more, and you should do exactly that as an alternative to your residence.

2) BUILD AND USE IT

Now do not just purchase a piece of land and let it lie waste. Build a house on it. Use it from time to time. There are many whom I know who own houses in their villages and small towns but never use it. Someone else does.

It’s important you stay there at least twice a year. Thus, you will get used to a different place. God forbid, in case you have to leave your current city, it will be an easy migration for you.

3) IT’S A SECURITY

We never know what the future has in store for us. However, we can at least have a back-up plan for shelter and survival.

If a natural calamity hits our city, at least we can fall back on a reverse migration of sorts. In spite of problems that may crop up, we can say: “At least I have a house for shelter. Let me start again.”

This would especially help in times of economic crises, like the current one.

Chanakya’s strategy was always to “...predict the unpredicted, and prepare an alternative.” Your additional land or property can be this alternative.

(Radhakrishnan Pillai is a ‘strategic leadership’ trainer and consultant and also the Director of SPM FOUNDATION, the vision of which is to bring back ancient Indian knowledge in modern day applications. Can be contacted at rchanakyapillai@spmfoundation.in)

The above article can be found on line – click here:
http://www.mumbaimirror.com/index.aspx?
Page=article&sectname=News%20-%20Business&sectid=5&contentid=2008110320081103032403514ce1e12ec


FOR AN E COURSE ON KAUTILYA’S ARTHASHASRTRA
http://www.indiayogi.com/courses/sw/workshop4.asp

LISTEN TO RADHAKRISHNAN ‘CHANAKYA’ PILLAI ON RADIO Every week on the show ‘Ask Chanakya’ (Sunday 11-12 noon & Friday 9-10 pm Indian Time) on Moksha channel no 602 of Worldspace satellite radio. For details click below
http://www.worldspace.in/askchanakya/index.html

This week’s topic “DON’T IGNORE POLITICS OF POLITICIANS”

FOR GOING TO SPIRITUAL TOURS www.atmadarshan.com

Comments Listing
Posted: 14/07/2011 21:56:37

Wonderful exlpnataoin of facts available here.


All the fields are compulsory.
Your Name
Comment
 
Code
 
Related Articles
No Record Found!
 
Related Discussion
No Record Found!
 
Events
Poll
 
  Culture, Mission, Values, Ethics
  Compensation & Benefits
  Job Profile
  Opportunity for Career Development