Per Perplexed mind on my Real Estate Situation – catch 22 situation

POSTED BY satbik ON October 19, 2013 9:01 am ONE COMMENT

Hi ,

I have finished constructing a house after taking a home loan from one of nationalised bank for 41 lakhs .My EMI comes to around 43000/- for next 20 years . Now i am planning to repay this loan asap .I came across a news paper advt from a  city development authority that they are auctioning the unsold plots .

I am planning to take part in this auction and get a plot which amounts to roughly around 40 lakhs then dispose it off in next one year with an appreciation of 15-20% then repay a major part of my Home loan amount .

Would this be a wise investment to do or not ????

 

 

 

 

 

W

 

One reply on this article “Per Perplexed mind on my Real Estate Situation – catch 22 situation”

  1. ashalanshu says:

    Dear Satbik, if you are so sure of 20% return, please invest in that Plot. 🙂

    thanks

    Ashal

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