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Help me in Property buying decision


Help me in Property buying decision

Last updated: December 7 2012
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  • Help me in Property buying decision

    I wanted to purchase one property. Found one plot (1500 sqft) at Royal avenue, ariyamangalam, Near SIT college, Trichy dist. Its near Trichy-Tanjore NH. Also near to my existing house at trichy. I am working in PSU, transferable job for every 6 yrs. Posting will not be in trichy for the next 30 years. My parents are at trichy. Cost of that plot is Rs 1650/sqft.TN govt guideline value is Rs 1100/sqft. Is it worth?
    I am planning to buy this plot & build a house for 15 lakhs. Total cost of house will be Rs 40 lakhs. I will rent it for 30 yrs, then will occupy in that house. Expected rent is Rs 10000 per month.
    Does my plan worth of go ahead...?
    What is chance that plot value will go down..?
    I am in dilemma, whether to go ahead or not...?
  • #2


    Re : Help me in Property buying decision

    Carry out as much research as possible before you set foot on a plane. The more information you have about your chosen destination the easier you will find it when you get there...


    Have any questions or thoughts about this?