Online
|
|
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....
what documents are neccessary?...
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...
Hi, has anyone heard of Piedmont`s new construction Taksila Hights in Sec 37C Gurgaon? And their agreement with GOWO?...
Has anyone heard about Piedmont`s Taksila Heights coming up in Gurgaon sec 37C? I have heard they are building a separate tower which GOWO (Govt Officer`s Welfare Org) has bought in bulk and will sell them at subsidised rates to Govt employees. How true is this?
Thanks
-T...
is this a good time for
property investment....
Sir
I have a commercial space in Dwarka(N.Delhi) of which we took possession in Nov 2002.I have paid taxes since April 2004.What is the basis of property tax for the previous 1.5 year since unit area value method was not there at that time. if we calculate it on previous terms it`s coming out to be somewhere around Rs 55000 for the period from Nov`02 to March 04 where as now a days we are paying around 3500 p.a.
Secondly under amnesity scheme will we be getting the waiver on penalty and interst.
Regards
Rajat
...
long term capital gain in land.what is index new rules?...
The decision to invest would depend upon your age and ability to take risk.
...
Neha,
Meriton Group has given both the projects a very stylish name Orange and Olive county but both projects are not selling. Orange county has been delayed by over an year and they still aren`t sold out. The co in not cash rich since its putting buyers money in the project.
A friend of mine is suffering cause she bought a flat in Orange County and is getting a penalty of Rs 5psf/ month where as indirapuram rental real estate is close to rs 10 psf.
My advice look for a builder like Assotech or Mahagun who have done their projects well.
Regards,
...
Even a monthly income of Rs.1.5 lacs for the family it will be next to impossible to buy a decpent 2bhk flat before Andheri or Chembur. I wonder who are buying these flats in proper Mumbai? If they are investors why the psu banks are sponsoring such shows? Don`t the builders lack the resources- at least it doesnot look from the way they say that the premium flats are already sold out . ...
As Stock market is going up then reality prices will go up ?...
SINCE LAST 3 YEARS HAS WITNESSED UNPRECEDENTED RUN IN PROPERTY PRICES 200-300 %.(AVERAGE OVER YEARS IS 12 % PER YEAR)IS IT ADVISABLE TO INVEST IN REAL ESTATE?i THINK THERE SHOULD BE A LONG PAUSE........
Sir,
i have 2 BHK duplex bunglow, built in 2002. (1000 sq ft. construction, 1600 sq ft. land)in Bardoli, Di: surat.
now, i want to sell it and buy raw house, cost around 20 lakhs in Bardoli and one home in vyara, Di: Tapi for my brother, cost around 15 lakhs.
firstly, i want to know that i am thinking ok as per market?
secondly, if i have to pay any tax on those income from property?
thanks
vikas pathak...
