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20 Year old Apartment in Chennai : Letting out Vs selling it and investing

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20 Year old Apartment in Chennai : Letting out Vs selling it and investing

Last updated: November 5 2018
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  • 20 Year old Apartment in Chennai : Letting out Vs selling it and investing

    Hi,

    I have a 20 year old flat in Chennai. No major issues with the flat but just the usual maintenance. I have no major commitments in the near future such as children's marriage, education etc - all of that is done. I also have another prooperty in which I stay



    The conventional wisdom is to hold onto to your property. But, considering that the flat gives me 9K-10K per month rent, would it not be better if i sold it off , paid capaital gains tax as necessary and invested in the proceeds in Fixed deposit, ELSS, government bonds. Would like to hear what your thoughts are ?

    Thanks!
    Last edited November 3 2018, 01:52 PM.
  • #2

    #2

    Re : 20 Year old Apartment in Chennai : Letting out Vs selling it and investing

    It is worth to sell it rather than keeping it for more years with less rental returns.

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