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RE:Is taking loan a benefit?
by Upadrasta PardhaSaradhi on Jun 01, 2007 06:33 PM

its all depends on personal choices. Seeing the way the House rents are increased , you will get a new your own house if you r ready to pay a bit more than what you pay for rented house.

for ex, in hyderabad , if we have to take a rented house nearer to the HitechCity, IT Hub, the house rents are about 11000 to 15000 per Month. If you can afford a bit more 2 to 3 % as EMI, you can take a good House may be a bit far, but you tend to pay arround 15000 - 20000 as EMI for one month, but still its your house and its your own house.

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Tax-smart housing loans!