Here is the link to an interesting blog post on the VAT problem for existing home owners of Pune.
http://ravikarandeekarsblog.blogspot.in/2012/10/Maharashtra-Value-Added-Tax-VAT-On-Property-Bought-Between-2006-and-2010-1.html
Click the link above and read the article regarding how to tackle the VAT problem.
Besides this article, you can read many more topical articles and property buying tips on Ravi Karandeekar's Pune Real Estate Blog at http://ravikarandeekarsblog.blogspot.in/
http://ravikarandeekarsblog.blogspot.in/2012/10/Maharashtra-Value-Added-Tax-VAT-On-Property-Bought-Between-2006-and-2010-1.html
Click the link above and read the article regarding how to tackle the VAT problem.
Besides this article, you can read many more topical articles and property buying tips on Ravi Karandeekar's Pune Real Estate Blog at http://ravikarandeekarsblog.blogspot.in/
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ReplyDeleteSafety aspect – low-risk investments are always popular with untrained "mum and dad" investors. Property fits this criteria with returns in some country areas reaching 10% per year. Housing in metropolitan areas is constantly in demand with the high purchase price being offset by substantial rental income and a yearly return of between 4% and 8%.
High leverage possibilities – investment properties can be purchased at 80% LVR (loan to valuation ratio), or up to 90% LVR with mortgage insurance. The LVR is calculated by taking the amount of the loan and dividing it by the value of the property, as determined by the lender. This high leverage capacity results in a higher return for the investor at a lower risk due to having less personal finances ties up in the property (80% of the purchase price was provided by the mortgagee).
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