so that's 6L per year if you give out as rent. that's 20% on 35L. How are you planning to get more than 20% yearly return if you get that lease amount?

Product Manager

My father planning to lease out our property for ₹35 lakhs, with the condition that we'll return the amount at the end of the lease tenure(3 Years). The rent in the area is ₹50,000 per month.  Sinc...

Welcome to Personal Finance's Private Community

My father planning to lease out our property for ₹35 lakhs, with the condition that we'll return the amount at the end of the lease tenure(3 Years). The rent in the area is ₹50,000 per month.

Since this is a refundable lease arrangement, I’m looking for suggestions on how to make the most out of this situation. Are there any strategies or tips to maximize value during the lease period, or things I should consider from a financial or legal perspective?

Appreciate your insights!

Maximize ₹35 Lakhs

Senior Manager

Maximize ₹35 Lakhs- Grapevine

Folks who bought real estate in Bangalore (primarily for living in it), what are some things that you wish you knew earlier before buying the property?
Also what are some things you would advise to new folks who are looking to buy property now?

I’ve been looking to buy a flat and have mostly finalised on A+ builder(Prestige) society but wanted to hear from experienced folks once. 
And I’m not a huge fan of taking hefty loans so planning to do around 50% in down payment and 50% in loan which I will aim to finish within 5 years. Is this a good approach??

Bangalore Real Estate

Software Developer

Welcome to Fintech India's Private Community

Asking from people who consider that one should strive towards owning a house (or an even stronger stance that not owning a house is not an option for them).

Really want to understand their POV. 

Why are you comfortable taking 15-20 year loans for the dream of owning a house?

Owning a house, what's the appeal?

Business Analyst

I am a 22 year old Male working in Mumbai. I have just over an year’s ago experience of working in a consulting firm. My base is 26-30LPA. For those whose have invested in properties (residential), and those who chose not to - is it ideal for me to take a loan to buy a house for my parents. It’s price is ~1Cr and I’d be taking a loan for 5 years. I am wondering if a liability would hamper my growth (personally or professionally), or would this be a worthwhile investment. I am confident about the investment itself, as in i expect it to appreciate in value, but still have doubts about taking a loan. And advise/opinion would be helpful

Advise on property investment

Strategy Consulting

Hi All,

I am interested in a property in my hometown that costs around 3.5 Cr. This property can easily be rented out for atleast 1.5 LPM. I have saving of around 1 Cr, should I take a loan of rest of the amount ? 

I make around 70 LPA, 54 is fixed and rest is ESOPs.
My wife makes around 12 LPA.

What do you think ? Should I take this loan ?

How much maximum loan should I take ? Advice needed

Software Engineer

Welcome to Indian Startups's Private Community

How do you plan or diversify your investments if you have 1 crore  rupees?

Please suggest 🙏

Investment plan for 1Cr

Software Test - QA

I am from Ahmedabad. Till now me and my family was living in a rented house. Now I shifted to Hyderabad with a very good package. Now I am planning to buy a home in Ahmedabad so that my family can live in our own home 🏡. 
Should I invest 70-80 lakhs? Any suggestions.

Should I buy Home?

Hello Finance experts!! 

I need advice on how can I save money on taxes while selling a property. 

I want to sell a property and invest it in another property near my family so it’s easy for me to handle the property. 

Example scenario. 
The flat I want to purchase is 50L and the property I am selling is 40L. 
What do I do in terms of Loans and the cash at hand to save the most??

Thanks in Advance

Save taxes on Selling a property!

Consultant

Welcome to Software Engineers's Private Community

I want to buy house, my package is around 15LPA but a  good 2bhk flat in the apartment will cost 1.4crore, for me it looks like impossibile with my current salary. I am totally stressed out with this.

I need your suggestions.

Buy House

Hi everyone,

The year end is here. It was a great year for my FIRE journey and I thought I'll share an update with you all.

With few days left in 2023, I've crossed 2.65 CR in net worth after touching 2 CR in May this year.

Here's the breakup:

Direct shares: 1.7 CR (this was the major driver of growth),
ELSS: 0.06 CR,
Company shares: 0.06 CR,
Real Estate: 0.4 CR (while it is between 42-45 now, keeping this unchanged from May),
EPF: 0.34 CR (interest for last year kicked in),
NPS: 0.06 CR (investing because I'm in 30% bracket, getting 14.8% xirr here),
SGB: 0.03 CR

The driver for growth has been a high saving rate.

In 2023, i've added 29.5 lakhs in equity, about 2.5 lakhs every month. 6 lakhs in company shares (US listed). The EPF and NPS savings are on top of this. My target was to save 36 lakhs in equity overall, and it's done! Targeting the same for next year. I'm aiming to cross 2 CR in equity before July 24.

Another change I did this year is that I've moved away from active advisory. I get the stock ideas from Twitter discussions, analyse them fundamentally and take bets based on the charts. I'm quite confident of my charting skills with max drawdown of 25-30% but upside of multiple x. I could capture 2-3 2x this year with sizable investment in them. I got this confidence after i could take my wife's account from 11 lakhs to 20 lakhs in about 2 years.

While the next year can be a huge bull run if BJP wins, I'm still trying to diversify. I'm planning to add a real estate of about 75 lakhs by paying 10%. This will help me leverage as well. The rental yield is the property is approx 5% and calculations show that I'll have to only pay 40-45% of the EMI and rest will be covered through rent. This should bring my equity exposure down from the current 65% to less than 50%. In this I'm trying to diversify and leverage while not denting my current equity corpus.

Suggestions welcome to make this FIRE journey better!

Thanks!

Crossed 2 CR and 2.5 CR in the same year

Project Manager

I have took a 1Bhk house for Rs.13500/month in 2021 Dec. In the agreement it was mentioned that rent will be increased by 5% every year. But after 11 months he has increased it by almost 50% and made it to 19k. Again after 11 months now he is increasing by another 15% and making it to 21500 or else asking me to vacate house. He is not following terms and conditions mentioned in the house agreement, we can't trust him that he may increase rent abruptly after another 11 months. What should I do?

House owner incresing rent more than agreement percentage. What should I do?

Senior Consultant

I am having 21LPA package and I want to save taxes on the new tax regime. Please suggest

Need financial suggestions on tax saving

One of my uncles (50 years old) has to pay Rs 37K tax every year, he is the sole earner in his family, he is a very simple and honest middle class man trying to provide for his family, is there any way that he can save that tax? They live paycheck to paycheck, As the tax amount is a lot for him, pls help with what can be done? I’ve seen people who earn hell lot more paying 0 taxes, pls help
Home EMI= Rs 25K per month
Family members= 6 (Wife, 2 daughters, Parents)
No Mutual fund SIP, no health insurance, no knowledge of how to save taxes

Help! Rs 38K income tax on 8.8L CTC (50 yrs old middle class man)

Hi all, I need suggestions. I am 32 and I have properties worth 3.8cr and my net is 2.7cr. 

I want to sell these properties and retire and live on the returns from fixed deposits.

My expenses are 1 lac a month. I have already invested for my child's education and insurances are covered for upto 75 years of age.

I also have some clients where I work as a free lancer and make 50k per month. I also have mango farm where I get avg 40k  monthly income.

Please advice.

Retirement plan

Sales Manager

It is not the usual society rule, but I have had this longing of own house.

Childhood was spent I  government house, adjusting with members of family.

Now I am earning fine, will have 20% of loan in liquid cash by end of year.

But I also have practicality now. No fancy house are spared in these rains, there are so many repairs - one thing is repaired, second one goes down then third then fourth, bigger the house more you have to clean - wtf is this dist coming from, then you have asshole neighbours. And be scared what if there's a fire, robbery, calamity.

I had just one dream, but really rethinking the whole plan now.
So lost to be honest.

My one dream is own house, now reconsidering

We are planning to rent an apartment but we want to rent it for minimum 3 years to avoid hassle. So planning to have a minimum 3 years agreement. So two queries around it:
1. What should be yearly %increase in rent advisable 
2. Even for longer term agreement, owner can give 2 months notice for vacating. So how do we protect against it 

Thanks

Query around rental agreement

Founder

How much do you guys generally pay in taxes with an income between 50-100 LPA in India? What are the options to save tax apart from the normal 80C, 80D, insurance, donations etc.?

Seeking tax advice for 80 LPA income

Quantitative Research

Got an offer, I calculated the tax and it will be around 3L ( currently it was around 1.5L) it's crazy, I don't want to pay 25k each month as tax.
My Gross will be around: 22L
I'm 24, I don't have any health insurance other than the company provided one, no home/education loan.
Please suggest how I can reduce tax.
(I have already included max 80c, NPS, HRA in my calculation)

Need Suggestion for saving TAX

Welcome to IT Company Discussion's Private Community

Hi, I wanted to take community's advice on tax saving suggestions to opt for and plan my investments. This is what I have:

CTC: 21L ( 19L Fixed , 2L variable pay  in CTC )

80C is covered, Currently I have 50L home loans. & Staying in rented house with 16k rent, Paying around 20k+ TDS. Where can I save? 

Plan me with total take home per month & tax regime to opt ?

Maximize ₹35 Lakhs

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