Buying a house 🏡 as investment
Should we buy it at Hitech City 🌆 as apartment or outskirts as 3 Storied building 🏢 as it generates rental income , suggest where should I buy
Should we buy it at City 🌆 centre as apartment or outskirts as 3 Storied building 🏢 as it generates rental income
Investment Intent matters. Source of funding matters. Asset Allocation post investment matters.
In general Rental income ROI is not that great. Official figures are 3-4%. Considering one lucky, and successfully timing the real-estate market cycles, may end up making 7-9%. It's not that easy as it appears, maintainance overhead is always there. 3 story in any city center - fully legal and compliant to all laws is also difficult to find. Risk is unknown and undefined here.
Should we buy it at Hitech City 🌆 as apartment or outskirts as 3 Storied building 🏢 as it generates rental income , suggest where should I buy
Insurance, investments, loans - fire away, happy to share the information I have / researched
Is it true that the re-sell value of old flats (>20 years old) is bad?
As a buyer would you buy a 20 year old flat ?
Answer this considering that the build quality of the majority of builders is below average in India.
I want to buy house, my package is around 15LPA but a good 2bhk flat in the apartment will cost 1.4crore, for me it looks like impossibile with my current salary. I am totally stressed out with this.
I need your suggestions.
Friendly advice.... Don't take too much loan it is a trap. My friend did a smart thing: She saved for 3-4 years...