- Oct 25, 2018
- 2,228
- 9,554
Your dad bought a flat when the rates hadn't hit saturation point. At current prices and interest rates you'll be losing more than you'll be gaining because from hereon the appreciation in property prices won't be that much, at least in the major cities in India.House loan is an investment, not trap, you are actually buying piece of land for emi.
My father bought a home for 8 lacs in 2005 that too on emi, now that home is worth more than 1.5 cr,
For usd: purchase was 10000 to 12000 usd as per current rate
Current price: ,200000 usd