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Buying for investment for returns in 5 years

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Buying for investment for returns in 5 years

Last updated: January 24 2019
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  • Buying for investment for returns in 5 years

    I am looking to buy a residential property as an investment to be sold after 5 years. My budget is 50 lakhs and i am open to buy property anywhere near mumbai. which areas can be forecasted to have a good growth for resale after 5 years?
  • #2

    #2

    Re : Buying for investment for returns in 5 years

    Upcoming area in this range likely to be "Ulwe, Kharghar, Kamothe" ( CIDCO Zone in Navi Mumbai )

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    • #3

      #3

      Re : Buying for investment for returns in 5 years

      You'll be spending almost 10% in taxes/ other charges. And additional headache/ hassles/ brokerage.

      To beat FD returns in 5 years, you'd need an appreciation of at-least 50-55%, chances of which is quite low in real estate, anywhere in Mumbai and surroundings.

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