Quote:
Originally Posted by stohid
Hi,
I am looking for investment in property in Pune for long term since the prices are low right now..around 5 yrs to 10 yrs term. What are the areas in terms of good appreciation..may be around 30 to 50%.
Some areas on the outskirts of Pune are Talegaon, NIBM, Kondhwa
Are cities like Nashik, Nagpur good for long term?
My budget is for 1 BHK around 12L to 15L
Thanks in advance for any inputs/ideas
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Who said that prices in Pune are low? Currently, you would get 1BHK at cheap areas where rental will be meager, resale prices low & seeing the construction, I doubt whether the building would even last for 10 years!! Point is noone will buy 1BHK at cheap area which is 10 year old for 35L.
Btw, who said that capital gains tax is not incurred on sale of property? It varies between 20-30% depending on how long you have hold the property. Rentals too would mean additional incomes & tax levied on it like stocks appreciation.