Buying a house, an accepted practice by many Indian families who wish to settle down in life, may not always turn out to be a beneficial proposition.
Tax sops and capital appreciation that come with the purchase of a house notwithstanding, there are situations where renting a house is advisable as against an outright purchase.
Depending on the location of the house, the prevailing rent in that location, the home loan rate, and the possible appreciation in rent and value of the house, ET Intelligence Group arrives at the conclusion that it is advisable to buy a house in upcoming locality as against established and well-developed locations in the heart of the city.
More : economictimes.indiatimes.com
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