BUILDER SPACE in India is largely tainted for various violations - TopicsExpress

BUILDER SPACE in India is largely tainted for various violations they do at the cost of flat bookers & owners. But the techies have not learnt any lessons & are regularly handing them over their hard earned money. Techies may be smart in many ways but time & again they have proved them selves a BAD INVESTOR. They must understand that owning a flat is investment decision giving very poor returns even after adjustment of rent paid and Income Tax benefits. In case of India the saying is perfectly true that fools buy and wiser live. On an average the investment return on a flat is approximately 4% + 3% by way of rent paid & Income Tax benefits,making a total of 7%. But if invested in BONDS etc the interest will be 11.50% minus Income Tax @ 30%,making a net yield of 8%. And if the invest the same amount in class B or C cities then returns can be mind boggling.

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