Sohil Doshi
KF Rookie
Hi everyone,
I'm bit confused in whether I should buy new flat or resale flat in pune, in my case my father has sold commercial property at our native place so we have to invest that money to save tax but that amount is 1/3 of the budget of flat that I'm looking of, rest I have to take a home loan. My age is 28 so next year I will have standing expenses for marriage and other thing. So question I shall I buy under construction property where loan full emi will start after 2 years or shall I buy resale property for which I have to take loan from now onwards itself.
If I'm buying under construction property that at time of possession I have to spent around 2/3 lac for maintenance & furniture interior whereas in resale there is not as such spending to be done still the over all cost of flat is quite same.
I'm bit confused in whether I should buy new flat or resale flat in pune, in my case my father has sold commercial property at our native place so we have to invest that money to save tax but that amount is 1/3 of the budget of flat that I'm looking of, rest I have to take a home loan. My age is 28 so next year I will have standing expenses for marriage and other thing. So question I shall I buy under construction property where loan full emi will start after 2 years or shall I buy resale property for which I have to take loan from now onwards itself.
If I'm buying under construction property that at time of possession I have to spent around 2/3 lac for maintenance & furniture interior whereas in resale there is not as such spending to be done still the over all cost of flat is quite same.