An acquaintance recently told me that his colleague had bought a flat
for Rs 40 lakh and is selling it at Rs 80 lakh. He had made a down
payment of only Rs 8 lakh at the time of buying the flat. According to
him, real estate was the best investment option. This is something we
hear almost every second day as financial planners.
The person
also believed that among various asset classes, money was being made
only in real estate. Why was it so, he asked. To clear the cobwebs
regarding real estate investment by taking a loan and to open up a
myopic view on this subject, we made some calculations after agreeing on
some basic assumptions. Here are the calculations...
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