Dear Manish,
I recently visited a well-known broker from Pune to look at 1 BHK flats for my sister-in-law. During the discussion, he told me that if I had some monies to spare – say 8 to 10 lakhs – it would be good to use it \’for investment\’, which meant that I could pre-book a flat with a builder who had launched a scheme that had barely begun construction. I am not sure of the paperwork involved but he mentioned everything would be in writing. I asked if he helped in such a case. He said this was his \’core competency\’.
Now, although I am invested in mutual funds, I am witnessing that the markets are bad (I do know that if I wait out this period, I could accumulate more units per mutual fund and would be in a better financial position, perhaps in the next 3 years or so) and I think I could pull out the monies and instead invest them in such an opportunity.
I would request if you can do an article that details the pros and cons of taking such a step, steps to guard oneself while doing this and info required to do this.
Thanks, looking forward to your response.
Regards,
Kapil