I have around 4-5cr worth of ancestral land, it’s in a village in UP and the value hasn’t been appreciating much.
I’m thinking of selling it and investing the money to create a regular monthly income, has someone who has done something similar share any advice?
There is a reason you inherited those assets. Not everyone is lucky to have that kind of background.
The reason is that your ancestors valued it and it might have appreciated more in recent time in terms of money, but the value was there from the beginning.
Not very sound financial advice it may sound, but leave those fortune for someone who inherits it from you and feel equally proud as you might be feeling today.
I know people who liquidated assets and are laughing stocks in family for losing all the fortune.
You can invest in a property giving a good rental yield at a good location
Consult a seasoned financial planner
First put your financial thoughts in order. Why do you want some regular monthly income. If you are earning well, sell the land and invest a bulk of it in equity mutual funds put 20% in safer debt MFs. Remember to take a break and plan some vacations.
Happy to discuss 1-0-1 to if you need a financial plan.
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