The current market value of my flat in Pune is close to Rs 65 lacs. I purchased it for 17 lacs in the year 2005. Until recently, I used to feel really proud about my investment decision. It was something that I boasted about to all and sundry. Rightfully so, as my investment had multiplied… Continue Reading
In our previous article on the Rent Vs Buy, we had discussed about the financial factors that impact the home buying decision. In this article we will cover some of the non-financial factors that influence this decision. Once you’ve done your calculations and arrived at the conclusion that financially you are in a position to… Continue Reading
One of my friends had made up her mind to buy a house. She went about the whole thing in a systematic way. Since she was working with an MNC and earning well, getting a pre-approved home loan sanctioned from her bank was fairly simple. After the pre-approval she identified a house, the purchase price… Continue Reading
When it comes to financing a new home, people have a lot of questions for which they need to find answers even before they begin the property search. For example, how big a house can one afford to buy? What will be interest that will be charged for a housing loan? What should be tenor… Continue Reading
When I relocated to Pune in 2003 due to professional commitments, I decided to rent a flat close to my work place. The idea of buying a flat instead of renting never occurred to me until my boss broached the topic. We did some simple calculations taking into consideration my gross/disposable income, age, finances and… Continue Reading
Are you looking to buy a house/flat? If you scout the internet, you are bound to come across projects being launched at very attractive pre-launch prices. When I started looking out for a house to buy, an advertisement by a well-known builder at rates which were kind of unbelievable caught my attention. Out of sheer… Continue Reading
My neighbour, an employee of a private firm came to me with a strange request last week. She wanted my advice on the type of bank account she should invest her money in so as to earn more than what she was earning in a savings account. Her ultimate goal was to save enough money… Continue Reading
When Finance Minister, Mr Arun Jaitley, presented the NDA government’s first full year budget on 28th February 2015, I was one of the millions of Indians who sat glued to their television sets to catch the budget highlights first hand. To be honest, like most of individual tax payers out there, I was expecting a… Continue Reading