POSTED BY January 24, 2013 7:44 pm COMMENTS (4)ON
First of all my heartful thanks for such an excellent site. The site is really a eye opener into the world of investment. I was going throug all the article’s from few days..
First i am making my LIC’s paid up this year…
Well i have a Typical Question where i am not finding the answer for it:
I have an apartment, its current cost is around 25 lakh. It’s around 10 year old.
I am getting the rent from it is : 6500 Approx: 78000 per Year.
If i am saling it, and putting the money in fixed deposit, i will get around 230000 per year.(RI- 9.25 per year)
I have also calculated that if i am keeping the money for 25 year @9.25 interest per year i am making around 3 Crore.
Now my crore rupee Question is: Is my apartment whose current cost is 25 lakh will become 3 crore after 25 year from now?
I am really confused i sould sale it now Or keep it.
I have no emotion attached to the property as other people( Like it’s my own home).
I am thihing purely in terms of monetary value.
So, please suggest me what should i do…
Thanks and Regards