Construct a house or buy a new land

POSTED BY RAJESH PAI ON August 24, 2011 4:47 pm ONE COMMENT

Hi,

I have purchased a land 3 years back  and now i want to construct a house on that land by taking home Loan.Currently i have capital of  4 to 5 lakhs.

Currently i am staying in leased house and the lease will expire after two years.

My confusion is shall i by new land for investment purpose with the capital i have (4 to 5 lakhs) or start construct a new house on the land laready i have purchased

One reply on this article “Construct a house or buy a new land”

  1. Vinay S Shastry says:

    Depends on what YOU want.

    Do you want a new roof over your head, or “INVEST” in real estate. Do you know how the real estate market works? “Invest” in things you understand.

    Caveat emptor!

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