Know how to buy affordable property almost free of cost

save Money

Savings are very important in life but one should know how to secure his savings.

In today’s time every body is talking about affordable housing and investing in these property options, whether it is self use, renting purpose or the investment point of view, they are using there savings to buy these options.

Now I’m giving you a quick tip, how you can buy affordable housing free of cost, though initially you need to pay but end result is very handsome.

Kindly go thru below chart :

Property Type 2 BHK + SR
Size 745 Sq Ft
Total Price 26,30,000/-
Amount to be paid by Client while Booking and Allotment 263000
Loan Amount 2367000
Interest Rate 8.7% for 20 Years
Monthly EMI 20841 For 240 Months 12000 Monthly SIP
Total Monthly EMI 32841

(Monthly EMI + Monthly SIP Investment)

2880000 Total SIP Investment
SIP Return 9% for 20 Years
8074752 Total SIP Return
Property Price 2630000 After 4 years Customer will get property Possession
After 20 Years Customer  will get ownership of 2 BHK + SR and Rs. 8074752 in his account and on the other hand think of property price after 20 YEARS
Booking amount 5% 131500
Allotment money 5% 131500
Loan amount 2367000
Interest in 20 years 2635075
Total Amount Paid to Bank and Developer 5265075
Total Investment on SIP 2880000
Total Amount paid in 240 Months 8145075
Total Return in 240 Months 8074752
Actually paid by Client (Total Amount paid – Total Return) 70323

here is the chart for 1 bhk

Property Type 1 BHK
Size 400 Sq Ft
Total Price 14,25,000/-
Amount to be paid by Client while Booking and Allotment 142500
Loan Amount 1282500
Interest Rate 8.7% for 20 Years
Monthly EMI 11292 For 240 Months 6500 Monthly SIP
Total Monthly EMI 17792

(Monthly EMI + Monthly SIP Investment)

1560000 Total SIP Investment
SIP Return 9% for 20 Years
4373824 Total SIP Return
Property Price 1425000 After 4 years Customer will get property Possession
After 20 Years Customer  will get ownership of 1 BHK and Rs. 4373824 in his account and on the other hand think of property price after 20 YEARS
Booking amount 5% 71250
Allotment money 5% 71250
Loan amount 1282500
Interest in 20 years 1427750
Total Amount Paid to Bank and Developer 2852750
Total Investment on SIP 1560000
Total Amount paid in 240 Months 4412750
Total Return in 240 Months 4373824
Actually paid by Client (Total Amount paid – Total Return) 38926

NOTE:

  • SIP means Systematic Investment Plan
  • Now a days Govt. is also offering subsidy on loan so you can save extra 2.5 lacs on the same.
  • Interest is calculated on current 8.7% rate for 20 years loan
  • SIP is calculation on the conservative side as 9% is the lowest return on SIP highest was 44% in 2016 (top 20 SIP return of 2016 is attached)

top 20 SIP returns of 2016

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