NRI student. Want to buy flat with loan.
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Hello all
Good site. I am a NRI student currently in USA and doing my masters, it will be another few months before I
can get actual job. I was wondering if I could get a loan with my current university salary and also book for a flat
in bangalore. I am currently eyeing Prestige tranqulity and was planning for skylark zenith ( dint hear very good
stuffs about the builder ).
Please give your valuable suggestions.
also tell me if I am way to early planning my future 🙂
Thanks
Best
Abhi
2 Answers
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Never too early for an investment plan! PT is a good choice. However I don’t know if you can get a loan with you university salary. I hope somebody else can answer that part of the question.
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Dear Abhi,
As Harsha pointed out, its difficult to get a load sanctioned on your university salary. Meanwhile you can even look at investing in Real Estate for profit and not commit yourself to a project till its completion. Ex: Prestige Tranquility was launched at Rs. 2,628/sq ft (base price) around 8 – 10 months back, the project saw huge sales mainly for its pricing. Today the buyers / investors are offloading their share at Rs. 3,100/sq ft. They have made a margin of Rs. 500/sq ft of which transfer fee has to be paid to Prestige group at 50/sq ft. Even then your profits are good enough. So you can look at a small time engagement if you have small capital (small enough to book and sustain for 8 – 10 months in a project) and gain from it. Slowly your profit will accumulate and then you can own a good property for yourself. I hope I’ve been able to help you in making a decision, in case of any further concerns/questions feel free to get in touch with me at
regards,
Shabeer
