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no easy answer (none / 0) (#78)
by knightrider on Sat May 10, 2008 at 11:24:44 AM EST

babubhai,
 the real issue is raising your income by maybe starting a side business or activity. If you can, then save some money and invest it in blue chip shares like reliance/infosys when the market crashes and hold them for atleast 10 years. Please do not buy anything when the news is that the sensex has gone up by so many points etc.

Small plots/flats are available in 10-15 lakhs range in dharuhera,bhiwadi,jaipur even some areas in delhi like bindapur/khanpur etc. Unfortunately it might be tough to get loans for these properties. People are trying to change the scenario by building Special residential zones but all this is in the future. Until then, build wealth, increase income, be positive..

Also consider new areas for employment..for example salaries are skyrocketing in new areas like rudrapur while flats are going quite cheap in that area. Similary in dahej/anjar areas of gujrat..fantastic salaries, low living costs, low housing costs..

save first for your home rather than taking a loan for it. I know its easier said than done..so best of luck in whatever you decide!



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