I am a NRI based out of US, I am looking to invest 35-40 Lakhs in real estate in Noida/Greater Noida region. I have one dilemma, shall I invest in GN and
1) get a ready to move in apartment
2) Put in on rent which will fetch me around 5-8K per month
3) I am assuming a 6-10% appreciation over 5 over years on the base Flat price

With this approach the builder risk is less as the apartment is already constructed

Other option is to book an apartment in Noida possession of which would be somewhere in 2011-2012, the benefit of this approach ( I am assuming) would be
1) More appreciation - 10-14%
2) Better Locality compared to GN

I want to know from the fellow members of this forum, what in their opinion is a good approach. Personally I am a low risk taker.
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