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is it a right time to buy property.i am a middle class professional,i have heard that the interest rates are going to harden by mid of next year & also that govt will regulate the property prices...
I have a site in Jigani-Anekal road measuring 2400 sq ft in Golden Paradise,
No. 53, Dyavasandra, hargadde, Bangalore for sale. ...
hi i have recently bought a flat in gurgaon pataudi road called crescent parc royal greens of SARE GROUP...i just want to know if i have done the right thing......
Are there any disadvantages of owning a flat on the top floor in Mumbai?...
properties in bangalore...
Can anybody can tell the Unitech ch uni homes Project in Sec. MU greater noida is approved by Gnida and any body registered the agreement so far....
Sir
I would like to know that I have booked a 2 BHK in Unitech Uni Homes in Sec. MU Greater NOIDA but so far the builder has not started login that is why the cheque given by me is not en cashed and the co, is saying that possession will be given after 30 months of agreement whether the builder will be able to give possession as per the time given and why the log is not done so far.
Thanks.
P.N.Sharma
Mumbai ...
What are the alternative documents for "Non Agriculture" Permission for Land?...
What are the other alternative documents are required in case of ...
Dear Friend, U can do so. The only thing to remember, either sell both old flats on same day or purchase new property of 16L within 2 years from the sell of first flat.
U can definitely save ur LTCG by invwesting full money in a single new flat.
Regarding opening a Ca. Gain saving Acct., if there is a delay (or new property is not finalized) in purchase & registration of new property, u w`d have to deposit ur money in this acct. b4 close of the FY.
Here i assume that both old flats` holding period is more than 3 years to qualify for LTCG.
Thanks
Ashal...
you can invest kharar rather u should go for investing in mohali.u can find no of projects like emarmgf ansalapi etc.better u choose plot than flat-lalit arora...
If I sell 2 flats of 8lakh each, do I have to open a capital gains account. And can i buy a new flat of 16lakhs using that money....
Can somebody advise as to which is better place to invest in property(flat). Kharar, in punjab or Manikonda, (in Hyderabad).
Time frame is 7-10 yrs. Investment amount is 25 lakhs.
Kharar seems to be Rs 1000-1200 sft and manikonda 2000-2500 sft for flats.
Thanks...
...
Do wife need to inform her office also, if her husband is going to buy a house by taking loan from bank?...
hi brawnym!
The question that you have posed has many angles to it, and one very important aspect is personal beliefs and preferences.
I think if I say my own preference (this should not be construed as my `belief`) is not to be an `slave of EMI`. That is mean I do not like to lead a monetarily uncomfortable/ tight life because I have committed an unusually large some of money every month for the next 15/20 years as EMI of a huge loan. These 15/20 years of my life are likely to be the `prime period` of my life which comes only once and it is to be enjoyed in a slightly relaxed manner with the family(I do not indulge in luxuries and mindless spending) .
After all, money is not supposed to dictate terms and constrict our living, it is supposed to be an enabler and supporter of an elegant, honorable living. I only mean to say that to that extent, I like to limit loans to small ones that can leave me with enough money every month to live life the way I always want to.
I talked about myself in brief just to tell you that this is a personality dependant matter.
I always prefer land property to anything else. Personally I have been buying small plots of land in slightly underdeveloped city outskirts (mostly on news that an institute or a hospital or other developments are likely to come up)purely from investment perspective. If you do this, you should sell it after at least 3 years (to take advantage of `long term capital gains` benefit) and invest the proceeds/profit in the next land property (this gets you capital gains tax benefits as well).
In this case, I believe that money from land/property, IF REQUIRED TO BE REINVESTED, SHOULD ALWAYS BE invested back in land/property ONLY.
I have studied in Pune for three years and am very fond of the city. I would have put my money in the outskirts of Pune in 1997, say towards Lohegaon area , if I belonged to Pune. However, since I also believe that land should ideally be bought in the place you belong/plan to settle (this helps you to monitor it better and have contacts to vacate encroachers if required) I did not go for any purchase there.
I am sure you can find a plot in an underdeveloped suburb which may turn to the next hot township.
If the question is only about buying a house/renting it, better to buy one than keep paying rent on a house....
