POSTED BY March 28, 2013 9:48 am COMMENTS (9)ON
I am currently looking for investment /Financial planning, I have completed my home loan and now i am looking for possiblity of investment.
Option 1: Buy 600 sqft flat in chennai for the price of 36L (have to take loan of 29L).
EMI : 29000 per month. Have to arrange self funds 7 Lacs.
Expectation : Rental income may be around 8-10K month. Property appreciation in future(not sure !!!)
Option 2: Invest that same EMI amount to Some RD (and then convert FD at the end of each year).
Please let me know which one option will be suitable.