Guys, thanks for all ur suggestions.. but now since gold rates have dropped all who had invested in gold are worried.. same way if real estate falls, then what about my investment? My family is forcing me to not invest in real estate now.. what should i do???
Alokesh, real estate investment is surely good. Buying an apartment on loan will give you both tax benefits and also funds at a lower rate of interest. The right time for keeping your investment on a property is within 5 years. If you keep for long time, it may not fetch you better profit. Choose the location and builder carefully and also the size of flat.
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Hi Yogesh, If it is only as an investment purpose then I will suggest to go with commercial project as this give an assured return with a good rental value and ofcourse the property appreciation as well.
Mr. Kashif, thanks for giving such a useful reply. I will surely keep all these points in mind. Please keep me posted about better investment options in NCR region.
Alokesh, very good question.. I agree that real estate is a very good investment, but if you invest all your savings on it, then you might end up struggling. So please keep these points in mind- 1) Choose the location of project and builder with care. 2) DO some research before investing 3) every month around 50% of your monthly income should be used for max investment 4) Have a higher time limit with a capacity to hold on to the property for three years if needed 5) Better to invest in two places than investing in one big project to reduce risk (if u have enough budget)