All about Investing in a Home
Most People in India save their money in banks rather than investing it to grow. A few of those who choose to invest do so by investing in a home or real estate.
Over a long period (25- 30 years), the cumulative wealth of those who chose investing in a home and real estate and those who invested in a good business multiplied several-fold compared to the rest.
Both real estate and business investments gave returns to the investor that were much higher than the interest rate of increase in prices of goods and therefore multiplied wealth.
As per the facts real estate and shares in India have given compounded return of over 20% p.a. over a 15-20 year holding period.
If you carefully choose the location of your property, you can be a multi – millionaire by the time of your retirement. If you happen to buy land in a fast growing location; you can be sure that the price of this land will be bid up over time.
There are several instances of people who start investing in a home with a small investment of Rs. 10-20 lac. Having chosen the home wisely, they are in a position to sell the home after a few years at over Rs. 40-60 lac and then buy a new home at another strategic location.
This “trading” continues to compound wealth at an ever increasing rate.
To find out the Equated Monthly Installments for your Home Loan, use our EMI Calculator
Leading Home Loan providers in India are:
SBI Home Loan | HDFC Ltd Home Loan | AXIS Bank Home Loan | DHFL Home Loan | Bank Of Baroda Home Loan | Standard Chartered Bank Home Loan | ICICI Bank Home Loan | Punjab National Bank Home Loan | Dena Bank Home Loan | Bank Of India Home Loan | HSBC Home Loan | Citibank Home Loan | IDBI Bank Home Loan | Reliance Consumer Finance Home Loan