We would like to purchase a flat taking home loan. We have 17 lakh in hand.If we opt for 1BHK then will have to take nearly 10 lakh home loan and for 2BHK its double. After paying 20k EMI we can still save 1.5 lakh per year(2BHK) and 3.5 lakh if we go for 1BHK. Please advice is it sensible to take 2BHK now or should we buy 2BHK after 5 years down the line, saving a good amount ?
RE:Home Loan
by Niraj Dayal on Jan 31, 2007 06:36 PM Permalink
Always remember that real estate is becoming dearer by the day and more delay you do, farther u r going to get. So the best time is now. Also instead of putting all amount into one property u can buy two of 1BHK which will give you better return in case u decide to sell.
