I am planning to buy a property within range of 23 to 25 lakhs. I have 10L in liquidity to pay the upfront money and rest 13 to 15 lakhs from loan for 15/20 years which will add a liability of 15 to 20K as a Housing Loan installment. Recently, I came across with some adv claming 12% assured return on the property purchased. It could be an Office Space of 100 sq ft @ 5 L which will provide 12% return for 48 months (till possession) and there after it can be rent out to some IT companies which may provide Rs. 48/psf of rent for 3 years and subsequent years in multiple of 3 and also appretiation on the property value.
The other option is a full furnished service studio appartments which may cost Rs. 6000/psf for 675 sq ft and will be utilized by others and would provide rent on regular basis as per their commitment and also appretiation of the property.
Presently, I am putting in my father’s owned property and want to invest in real-estate for better prospects. Please suggest, whether I should go for a normal investment in a residential flat for which I need to bear a liablity of repaying a loan or should go for alternate option in investing the amount is Office space/Service appartment which could generate a regular income. I also want to know the authenticity of such advertisement.