rameshyahoo

here is one 2 bed i found on 99acres for 33L in Baner

http://www./Residential-A...m_src=N3155411

disclaimer :
i'm not affiliated with the seller in any way

harshalx

Get a CA's advice on how to save tax on the proceeds. Don't get into real estate at the moment at least.

Also, invest in starting a new business. Thats a great option.

ssk555

Its always good to start a new business if you can.

one can purcahse land in nearby area for investment purpose rather than investing a flat. Land appreciate and flat depreciate.

MIS scheme of Indian Post is also good option

Munish Malhautra

Unless u re-invest the money into RE, be prepared to shell out 30% or 20% of that to the IT deptt depending upon the age of the property.

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MM

innocent

Buying land is very risky in India. I have experienced it first hand, hence do not want to go that route. I think I will take my chances with flat.
Instead of paying taxes to the govt, I will buy a flat. Even if it loses 20% value, which is unlikely, I would still be break even if I have to pay taxes to the govt.

realacres

Sorry to say, but if you have already made up your mind, why ask such questions at first place?? Btw, to save capital gains tax, you can also opt for Govt bonds like rural electrification where money is locked for 3 yrs, but you need not pay any tax on it. The limit is only upto 50L though.

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nitisood35

I guess the taxes are only at the Profit component and RE losses would be on the Total Sale value.
So if you'd invested 100 and got profit of 40 on it:
1. Tax (considering 20% tax) = 20% of 40 = 8 (w/o considering cost Inflation adjustments). You are left with 140-8 = 132
2. RE Loss would be 20% of total value (considering you invest all 100 + 40) = 20% of 140 = 28. You are left with 140-28 = 112

Senior members can correct me if I have stated incorrectly.

compuwalah

Innocent. Did you end up buying in Baner ?