From the realty experts…

From Economic Times

Given that the government is looking at incentivising the first-time home-buyers for availing home loan up to Rs 35 lakh for house worth Rs 50 lakh. I would like to know what are some of the locations in and around Mumbai, Delhi and Bengaluru, where I can look at houses in this price band?

The stipulation of homes below Rs 50 lakh would enable first-time home-buyers to avail an additional Rs 50,000 tax deduction on interest paid for a loan amount less than Rs 35 lakh and for a house value less than Rs 50 lakh. While the limit of Rs 50 lakh as house value is on the lower side for most metros, there are some areas that home-buyers could eye in order to get the benefits.

In Mumbai region, Thane district can serve as good destination with projects by mid-tier developers that would be available under Rs 50 lakh. Thane has already developed as an attractive residential destination and is well connected to the main city. Buyers can look at areas like Ghodbunder Road.

In the western suburbs of suburbs, 1 BHKs would be available in areas such as Dahisar, Mira Road and Nalasopara. In Navi Mumbai, locations like Sanpada, Panvel could serve as a destination for those looking for homes below Rs 50 lakh. Panvel is an emerging residential location, helped by its proximity to the upcoming international airport.

I am about to retire from government service and will get around Rs 60 lakh from my GPF. I want to look at investing in real estate. This will not be my first house. What kind of product and what are the locations that I should be looking at? While I want to realise some rental value, I am looking at flipping the property in 5-7 years. With a suggested location, can you also give what kind of returns I can expect?

In such a case, it is important to choose a property that would not only give high rental visibility, but also a good investment from a sales point of view.

While rental yields in India remain in the range of 2-3%, cities such as Bengaluru and Pune are expected to offer higher scope of capital appreciation compared to other cities, as a result of higher potential for employment generation. These two cities are attractive due to a high migrant population, which would enhance the rental market and lead to capital appreciation over the years.

While rental yields in India remain in the range of 2-3%, cities such as Bengaluru and Pune are expected to offer higher scope of capital appreciation compared to other cities, as a result of higher potential for employment generation. These two cities are attractive due to a high migrant population, which would enhance the rental market and lead to capital appreciation over the years.

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