Thursday, September 4, 2008

Real Estate Investment and Tax

Read here....

Nice article, but it misses the investment option by HUF.

Look at the Reliance Group, how they bought and set up the properties. Even the girls in the family are getting their due.

Still I would advocate 40% value in Real Estate, basically that means, an affordable house....

Rest in Gold, Shares and Equity based Mutual Funds.

A good friend of mine, wanted to invest Rs 6 lakhs, and take out only after 15 years. Where else can you lock it, other than Real Estate, which shows a decent growth every year. So I adviced him to split into 2. Invest 3 Lakhs in Equity MF (3 best ones HDFC Equity, Reliance Growth and Franklin Bluechip, along with a SIP including DSP Opportunties Fund) and 3 Lakhs in a plot near Hosur Railwya Station. It is appreciating at 10% easily.