Q: I am a salaried person and planning to buy a property. How do I know I am buying the right property considering high interest rates and increase in rates in the current scenario?
You should know what your ultimate aim of buying properties is. You should do market research on properties before taking any decision, so that you do not regret later or do not feel the worth of the property. You should ask yourself what is the property for. Is it for investment purpose or for own use. Then after making up the mind go ahead and invest in the property, considering the fact that interest rates are generally going to be high as India’s economy is growing.