Which city is best to invest in flats?

Q: Which is a better investment: A flat in Pune or a flat in Mumbai?

rohini_rao,

1st October 2011

Investment Advice in Pune

maharashtra real estate

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Replies (3)

I am a sr. citizen and reside in Pune, I have sold my 2bhk and I don't really want to invest the entire amount in another property but also want to save on Tax is it possible. If not!..could you advise me as to how I need to invest property gains and how it works for Sr. citizens in Pune. IF I need to purchase something else, how much would I need to invest and whom can I consult before I do it.

bachu singh,

7th October 2015

Comment

Hello sir, You can save long term capital gains tax by investment upto 50 lakhs (saving Tax about 10.3 Lakhs) in capital gains bonds U/s. 54E, with the locking period of 3 years.
Your actual long-terms capital gains should be arrived at by deducting all the cost of purchase and improvements after indexation and only the net gains arrived at is required to be invested and not all the sales value.

Sunil Kulkarni, Pune

7th October 2015

Hi, Is it good to invest in a pre-launch offer for buying a flat? what are the risk factors and what should be checked with the builder before investing?

Rohit Marathi, Pune

7th October 2015

Comment

In prelaunch stage offer may seem profitable but this involve lots of risk. In this case all approval are in transit and project may or may not start.
Be careful while investing in pre launch stage, check price , payment plan and creditability of builder.. I ot would be advised to invest in the project with all approvals even if it is bit expensive but for long term it would turn out to be a safe investment.

david.m,

7th October 2015

This is not the right time to invest in Pune or Mumbai as the property rates have appreciated to maximum extent. So the buyers are unable to purchase.

Ruchi Mishra, Noida

1st October 2011

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