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Q: My Hometown is Bhopal,MP and I am working for one of Top 4 bank in Chennai for past 4 years..Planning to take a plunge and buy a house.My job is stable here and might stay in Chennai for 3-4 years more until my kid is school going age.I stay in velachery a rented flat paying rs 21k per month.My budget is 30-50 lac.

Should i Buy a property in OMR for 40-50 Lac OR continue renting and Buy in Bhopal at a lesser Budget say 30-35 Lac?
Seek your pointers on what make more sense in terms of property valuation and asset generation along with current expenses(tax) management.
Guys Please help me solve my dilemma?
PS: My age 34, Income around 17 lac
Latest Answer: I don’t have much idea about Bhopal as a city but I definitely know that the real estate market in Bhopal has a setback of 1.3% in price value since last few years. So it is next to impossible to assume good returns from any investment made here. Like you I too was very eager to invest in Chennai for quite a long time and my search ended in OMR with making Radiance Mandarin as my new acquired property. The reason I choose Radiance Mandarin it has good connectivity with all the parts of the city. Important avenues like airport, schools, Hospital are flanked across my property. The area, the structure of home etc. everything was perfect. Last but not the least the builder Radiance Developers are class apart. There are so many upcoming properties available in OMR but only few are worth the investment. You can consider OMR as one of the highly preferred location for investment as it is the only location which has witnessed the maximum property rate appraisal in last 5 years in Chennai with
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Q: please suggest is it right time to invest in Indian real estate?

Latest Answer: Hi sufia, 2015 is going to startup with positive notes . each and every one want to know that what lies in the New Year for them. Real estate world is one such sector which with positive outlook has a potential to fulfill many dreams. Market pundits have already started begun to forecast 2015 as the best year in the current decade when it comes to real estate absorption.
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Q: While hunting for homes, they came across some builders offering us the no EMI till possession scheme.
Latest Answer: The scheme in my case is from the builder, not the bank. I have not registered the property and not signed any agreement involving any bank. So no EMIs. On posession and posession only, I have to pay the 80% to the builder or at that time if required take a loan from the bank. Yes, the builder has charged a premium over construction linked plan from me.
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