RE is really very profitable…I got this from a builder…and it is worth reading: A builder buys 1000 sqm land in Goa for Rs. 1.5 crores. Land purchase including stamp duty at 8% for registration is Rs.12,00,000. Construction cost for 1000 sqm is about Rs. 2.6 crores. Sanctioned plan: Cost of Architect plan @3% (Rs. […]

It hardly matters who is the real estate buyer – when they come out of the deal, they tell you how they got great returns. You are not keen to puncture their ego. So here is the case of 2 people – I will give you the numbers of one person. He had bought a […]

https://freefincal.com/five-reasons-why-i-will-never-invest-in-real-estate/?fbclid=IwAR2Cg4_ShJ5CLGvD0pJ1HptgFs2mgAU_cGoWJwMhY0qHVCSeHixYrEzN9pI    that was Pattu saying why he will not invest in real estate (by mistake I had said equities) there was a Tata Groupd executive who went to town about a fraud in Hyderabad about the real estate fraud that he suffered. Here is another one –   https://www.livemint.com/Companies/Kp7TQlCO6XZxJVwLJs3mmN/A-desperate-fight-to-save-Dilip-Kumars-old-bungalow.html

There is no doubt that Real Estate creates wealth for the already rich! For a Raheja, or a Hiranandani Real Estate has generated a lot of wealth. However, in this case, I am not going to suggest staying on this portfolio. Here are the reasons. Sir, you are 55 years of age and have a […]

I am planning to do a book on “Questions Doctors ask”. Here is a question which a doctor has asked. I have given a very long answer. Here is the question in great detail…I will answer it in a day or two “Subra I am 55 years of age and I have 3 houses (apart […]

One question that I have got consistently from doctors is “Should I invest in more real estate?”. It does not matter whether the doctor is in Ranchi, Coimbatore, Indore, Chandigarh….or wherever. And I am stumped because they already have a place of work (clinic, hospital, or…) one house in which they are staying, one house […]