Is it sensible to buy resale flats?

Feb 01 2014, 15:50 IST
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The immediate possession can provide tax benefit from the first EMI itself. Reuters The immediate possession can provide tax benefit from the first EMI itself. Reuters
SummaryThe resale flats are an affordable solution to the accommodation needs of the salaried individuals.

under 80C and a tax exemption of not more than Rs. 1.5 Lakh of home loan interest under 24B make the resale all the more profitable.

Hence, if all the other factors work in your favour, it might be a good idea to invest in a resale flat. It helps save a good amount of money, while saving time otherwise spent in waiting endlessly for a new project to complete.

BankBazaar.com

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