Originally posted by missedthebus
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i am also in the same quandary.. and following are the alternatives -
1) Swap with 2bhk puri pranayam - I am still considering but in all probability, i will reject this option primarily because i want to expand my investment budget. Pranayam is going to be an investment for 2-3 yrs to reap good benefits & for that horizon, i have higher budget. For short term, continuing with srs flat i think is a better option.. There is benefit of tax exemption on interest to the tune of Rs. 45k/annum and i guess rental income could be 60-70k/annum if & when we are able to rent it out.. So, there is in total a benefit of 9-10k/month in continuing with srs which is only going to go up as the rentals in the area increase.. with this income, emi on loan of Rs. 20 Lakhs will get halved from 20k/month to approx. 10-11k/month, which would mean effective interest rate of 6%
2) Swap with any other rtm or close to rtm 3bhk in neharpar
3) Swap with sec-89/91/92 options in Gurgaon for ex. Anant Raj maceo/madelia/sare crescent which are available at around 3800/3200/3100-3200 in resale respectively..
I am considering between options 2 & 3 with slight inclination towards 3.
Benefit of option 2) is that it is more habitable, families have already moved in and lot more will move in in 2013.. rtm can give me tax benefit on the interest on loan and some rental income as well. Whereas option 3) will be rtm in another 1.5/2 yrs. But as you can see that going rates are similar right now but I feel that 3 yrs from now, rates near manesar can be higher than neharpar area.
But, i reiterate I am in quandary & cannot claim to be highly informed..
I seek views from the forum members.. especially senior members like blessu/miketest.. others are also requested to chip in..
Regards
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