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Subzero
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Username: Subzero

Post Number: 6010
Registered: 04-2008
Posted From: 59.93.73.27

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Posted on Monday, January 24, 2011 - 08:46 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Pkfans:

loan vs shelling out cash while purchasing a property (/house) in India.



loan is better. u get some tax benefit.

moreover, it is advantageous becuase u can invest that money. Eg :- u have 20 lakh cash, still u took home loan for 20 lakh. u can invest the 20 lakh cash at hand for 20 years. in 20 yrs, u pay about 40 lakh for home loan. in these 20 yrs, the original 20 lakh invested will be doubled two timies

even if u invest in some postal deposits, where the money is doubled in 8 years and 7 months,

after end of 9th year = 40 lakh
invest this 40 lakh again and at end of 18th year = 80 lakh

if u invest the initial 20 lakh in mutual funds, the returns will be more than this
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Scallion
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Username: Scallion

Post Number: 6701
Registered: 05-2009
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Posted on Monday, January 24, 2011 - 02:15 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Mrhyderabad:

If you can put your money to work where you can get more than 15% returns then go for loan.




exactly
Jai NTR, Jai Jai TDP
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Jalsa
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Username: Jalsa

Post Number: 15296
Registered: 02-2008

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Posted on Monday, January 24, 2011 - 01:29 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

hyder cheppinattu very simple logic.
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Jalsa
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Post Number: 15295
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Posted on Monday, January 24, 2011 - 01:28 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

NRI ki tax benefits emuntayi property kontey?
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Mrhyderabad
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Username: Mrhyderabad

Post Number: 9021
Registered: 01-2008
Posted From: 167.230.38.120

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Posted on Monday, January 24, 2011 - 01:05 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Pkfans:


very simple

If you can put your money to work where you can get more than 15% returns then go for loan.

But if you are a conservative investor and keeps cash in the savings accounts / FD then buy with cash.
Don't say you don't have enough time. You have exactly the same number of hours per day that were given to Helen Keller, Pasteur, Michaelangelo, Mother Teresea, Leonardo da Vinci, Thomas Jefferson, and Albert Einstein
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Pkfans
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Username: Pkfans

Post Number: 268
Registered: 04-2007
Posted From: 131.107.0.86

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Posted on Monday, January 24, 2011 - 01:01 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Could you please share your thoughts on going for a loan vs shelling out cash while purchasing a property (/house) in India.

- NRI Tax benefits
- Other benefits for going/not going for a loan
- Hidden risks for going/not going for a loan
- Know risks for going/not going for a loan
- etc. etc.

I’m looking to know your opinions and suggestions that would help to make a decision

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