Loan for plot

Hi I am 25 and thinking about buying a plot worth 40 lakhs. My salary is 45k. I can manage 10 lakhs from my family and savings. Is it a good investment? My domain is RPA, is it a good field for at least the next 10 years?

5mo ago
FluffyCupcake
FluffyCupcake

What would be the end-usage of this plot for you? If it’s purely investment, I doubt if you can beat other investing instruments (with loan cost added) in this heated up markets. Certain pockets of real estate started seeing a correction. Good luck!

BouncyPanda
BouncyPanda

I am buying for residential purposes, but the real estate market is really fucked up. Tier 2-3 cities have almost the same rates as Pune.

FuzzyPretzel
FuzzyPretzel

How much does a cent cost? Which area is this? Plots are opening up in every nook and corner. So reselling it would be difficult because of the marketing by owners who are bulk selling.

BouncyPanda
BouncyPanda

No, the area is good and rapidly growing, living there since last 7 years and I have seen the development with my own eyes

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