Dear,
I want to invest in 1bhk property at Ulwe where the proposed airport and other developments are in progress. The approx. cost of property is Rs.30 lacs. Builder want 20% in black. i.e. 6 lacs. So the agreement value will be Rs. 24 lacs. My takehome is Rs. 45k/m and investment in mutual fund sip is Rs.15k/m.
Now, if i took home loan of Rs.20 lacs and emi 20k/m @ 10.5 % for 10 years then my total loan paid amt will be around 24 lacs. So total cost will be 24 + 10=34 lacs.
My question is :
1. Should i buy the property ?
2. Or invest in mutual fund sip?
Where will i get appreciation?