My calculation is: buying a flat at 30Lakh now is a loss as compared to investing the money in Mutual Fund, even it is not a loss if you invest the money in PPF.
Now calcualte yourself: 1. You are paying a rent of 10k per month, calculate how much will you pay till 20 yrs. 2. Now calcualte EMI for 20yrs for a 30Lakh flat. 3. Now get the differece of EMI minus Rent per month. (eg. Rent=10k, EMI=20k diff= 20-10 = 10K) 4. Invest this diff amt. ie. 10K in PPF and check what you get after 20 yrs !! Still you are not at loss. 5. Another case, now invest this 10K in MF for 20 yrs. You see.. you will become a CROREPATI.!!!!
Even you, consider tax rebates and inflation, then also investing MF is profitable than buying a house. Again, the value of your flat will start decresing after 5yrs.
WHY MAKE THESE CHAT BUILDERS CROREPATIS ?? BE A CROREPATI YOURSELF!!!!! Better buy a plot in 2nd or 3rd grade cities. You will get a better return.
