How to purchase a 50Lakhs flat easy

  • Cost of flat 50lakhs
  • Down payment 20% of cost: 10 Lakhs
  • Registration 7% of cost: 3.5 Lakhs
  • Immediate Investment: 13.5 Lakhs
  • Loan for Rs. 40 Lakhs
  • EMI 40000/- for 20 years 
  • Total cost of flat: 96Lakhs + 13.5 Lakhs = 1Crore 95 Thousand.

My way

  • Rental 20000/- per month for same or similar flat at same society
  • 20000/- per month trade earning 12% per month for 36 months (3 years)
  • 40000/- per month is the expense for home.
  • We will earn Rs. 51 Lakhs 57 thousand in 3 years considering 0.6% earning per day
  • If we consider 10% growth per annum then the cost of flat will be 65 Lakhs in 3 years
  • Registration cost will be 4.5 Lakhs, hence the total cost of flat will be 69 Lakhs
  • 69-51=18 Lakhs loan can be done for tax purpose
  • 18000/- EMI can be paid by investing 150,000/- earning 12% per month 
  • So technically you have purchased the home with 40000/- investment per month in 3 years instead of 20 years paying the EMI
Benefits:
  • Your total cost of flat purchase is limited to 40000 x 36 months 
  • You have the privilege of using the flat upfront before you purchase the flat.
  • You are purchasing through cash and hence no CIBIL issues.

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