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Sell or Hold - Patparganj (I.P Extn.)


Sell or Hold - Patparganj (I.P Extn.)

Last updated: March 31 2012
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  • Sell or Hold - Patparganj (I.P Extn.)

    It is time of new financial year and new thinking on old concern !

    Can you please share your thoughts on following which will help me to make decision. As you can understand it is matter of 1.1Cr, senior members or experienced people who have faced similar situation response would be much appreciated.

    What should one do if having a flat in I.P. Extension, East Delhi worth 1.1 c.r.

    1. Should I sell it and buy 1 in Noida and use rest money in overseas prop
    2. Should I hold it, and continue to live in it (I don't see much of point in living 1.1Cr 2Br flat when you can live in 50L flat)

    At the moment family is living in I.P apartment and I am living abroad on permanent basis. Objective is to use 50% money from selling to buy one in noida where family can live and rest 50% can be used to buy property for self living overseas.

    I am thinking of option 1, because two property can grow at much better rate than one specially when price has touched 1.1 c.r for an old 2 br apartment. And objective of having apartment in noida and overseas can be fulfilled.

    If you need any info, please ask. Any other suggestion will also be helpful.

Have any questions or thoughts about this?