Cost of Flat 20 Lakhs
Cash down 15% = 3 Lakhs
Home Loan about 17 Lakhs ( It is low interest between 8% to 12% and very Tax efficient).
Take max loan ie 85% of cost of flat for 20 to 30 years
Try in a Class a City / Metro
Buy what you can afford as it can stabilize you.
Cost of flat – 20 Lakhs
Cash down – 3 Lakhs
Loan Amount – 17 Lakhs
EMI will be about 17000 (Eligible 80C & 2 Lakhs as deduction from Income tax)
If the cost doubles in 10 years your profit is 20 lakhs on an investment of 3 Lakhs.(Huge Profit)
2. BUY an Equity based Systematic Investment Plan 3. Buy some land & Gold