amit_arya

Hi
I have just started hunting for my RE investment, thought to take help of the GURUs in this field through this forum.

Background :
I live in Delhi, Its a parental owned Builder flat. I plan to live and stay in the same house for next 5-6years. We are a middle class service family (read: complete white income), over a period of time we have managed to same some amount and we have approached a few bank agent and it seems that we can easily come up with some loan. The total amount investible after considering our saving and bank loan comes out to be around Rs. 23-26L (looking at my money flow, probably i would be in a situation to cuff up another 3-5L is there is a really good deal). After 5-6 years, probably coz of growth in family and the trend of nuclear family i forsee moving to the new house i plan to invest right now.

My requirement :
As of now the reason is purly investment, read: rental income + price appreciation. the place should be good enough for me to move in around 5-6years (i.e. 2-3 BHK of adequate size + school + good connectivity etc) or should sell for handsome amount after 5-6 years enabling me to buy a good property from the income generated by selling the property i plan to invest in

Some points of considerations :
- though a immediate returns (rental income) is preferable but not mandatory
- If the possesion is in 1-2 years, and the payment have to be made in installment, probably i can cough up another 1L p.a
- the main reason currently pure investment, 1 see the prices to have bottom out and i do not want to miss the oppurtunity.
- Would prefer (if buying in society), a minimum society bill, on long run that hurts (1 payment delayed, unexpected rise in monthly contribution etc) compared to buying property.
- Minimum black, else the person should arrange for conversation of White to black or i can give give a cheque in white right now (read 0 percent loan) and then monthly give some amount in cash and take back in white ....
- I want a safe investment(its hard earned money), no disputed property, no projects with no clearance, no projects of not so known builders in early stage of developement etc

Current options going in mind :
- Builder floor in Indrapuram
- Builder floor in faridabad (nahar paar)
- Flat at in a high rise at Indrapuram / Crossings Republik / Sector 50 / Sector 117
- Match box size flat at sector 62 noida (sell it after 5-6years and look some where else)
- Plot in greater noida (Sector 2 or similar)
- Farm Land (HPS green)

Areas of help (expected from the forum):
- Should i go for a flat or a plot
- Which area in NCR .. those mentioned or any other options
- Any particular investment in above areas or otherwise that the gurus would highly recommend.

PS. i know a lot of individual projects are being discssed in the forum, but after reading them i am more confused and hence starting another thread for my specific requirement.