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Recent Articles
- Nalvazhikatti Trust given groceries for 40 families who are really needy people
- Abirami Arunbalaji’s Birthday and Melvin Jones day Celebrated in Ramajayam Trust
- Nalvazhikatti Feed the Hunger Project on 07-jan-2021
- Chinnarpathi Tribal settlement – 500 Lemon & 500 Amla Saplings distributed to tribal people from Nalvazhikatti Trust
- 500 Lemon & 500 Amla Saplings distributed to Tribal Settlement from Nalvazhikatti Trust
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ONLY BUILDERS, BANKS GAIN WHEN YOU TAKE LOAN TO INVEST IN REALTY
ONLY BUILDERS, BANKS GAIN WHEN YOU TAKE LOAN TO INVEST IN REALTY
An acquaintance recently told me that his colleague had bought a flat for Rs 40 lakh and is selling it at Rs 80 lakh. He had made a down payment of only Rs 8 lakh at the time of buying the flat. According to him, real estate was the best investment option. This is something we hear almost every second day as financial planners. The person also believed that among various asset classes, money was being made only in real estate. Why was it so, he asked. To clear the cobwebs regarding real estate investment by taking a loan and to open up a myopic view on this subject, we made some calculations after agreeing on some basic assumptions.
Here are the calculations …
Published on June 24, 2014 · Filed under: awareness, news, Useful; Tagged as: BANKS GAIN WHEN YOU TAKE LOAN TO INVEST IN REALTY, ONLY BUILDERS