POSTED BY July 2, 2014 5:36 pm ONE COMMENT
ONHi,
I am in my late 20′s and planning to buy an apartment.I am looking at a 70lk ~ 80lk home with say 25 lk down payment and rest in loan. But when I really think about it, I feel that if I put 25lk in FD or other secure investment and religiously invest my EMI (around 30K ) in investment then after 10~15 years I will be better placed to buy a property if I need it with less loan and also have the luxury of living in places near to the place I work.
Is this a valid thought or Should I go ahead and buy a property?
thanks.
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It really depends on how necessary or important is it to own a house, appreciation chances of the property
If property is 80Lakhs and down payment is 25 lakhs, then loan would be 55 lakhs and EMI would be ~55k and not 30k (just a thought – if property alone is 80L then you pay 10% extra as vat, service tax, registration, stamp duty, franking, brokerage all included. so now 88L)