Quote:
Originally Posted by Eshtyle_Raja
Anybody has further update on this project ???
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Avoid this project Raja.... I read your previous post...According to me go for a ready to move in accomodation...though a bit expensive
Benefits:-
You will save rent and the same amount you can use to go for higher EMI
You would save upto 75000/- income tax per year till you EMI goes...
For eg if you have 40000/- surplus each month...
In case of Ready to move in you can go for EMI of 46250/- (Rs 6250 savings from tax)
In case of Underconstruction you can afford an EMI of 22000/- since rent in decent locality of Gurgaon for 2BHK would not be less than 18000/- per month so this gap of 24250/- (46250-22000) gives you an extra loan of Rs 20 - 25 lkhs if you have 15-20 year horizon and hence option to choose a decent ready to move in flat.
Gaurav