Say NO to rent, Accept ownership on property. Just think for a minute….
Let’s go for to buy an affordable Flat in heart of Kharadi, Keshav Nagar, Wagholi, Dhanori or elsewhere in outskirt of Pune , where future growth prospect in term of property valuation is very high in compare to already developed areas .
Don’t waste time, Time is precious.
For your Idea Just take an example:
For a property costing 56 Lac for 2 BHK flat, loan sanction from a nationalised bank will be minimum 44Lac for next 30 yrs, EMI comes 29k @6.95.
Let consider, you pay rent 25k in kharadi for 2 BHK Or about 20K in some other location, so after 3-4 years your rent increased by another 6-7.5K, but your EMI remains same 29 k. In this case EMI is either less or same as your rent.
After 10 years of time your property value increased to 80 Lac and you become an Owner of your property.
If you Invest in any property and rented out for 10 year then, your financial condition also strong for Repayment capacity for closure of your loan of short span of time.
Point to caution:
Property consideration in above example is for Under-construction property with 3-4 years time span for possession. Although, you don’t have to pay whole 56lac in one go in under construction property, so EMI burden will be very less till possession.
We are Happy to help you in your searching property in your Pocketed Budget. Connect with at sachanproperty.com or write us at email@example.com