Estate creation buying property not so easy
Estate creation buying property not so easy as there are many problems from selecting a property to finalising at the end.
In developed cities, getting space had become a big thing. Nowadays after selecting a property, verification may take long time.
After all you get a decent land and build a independent house, what would be the rent?
Purchase of land and construction would have costed around Rs. 85,00,000/- to Rs. 1.25 Crores for a three bedroom independent home. A 3 bedroom flat in Bangalore at a posh locality may get you rent Rs. 40,000/- or Rs. 50,000/- but the housing loan emi may be a aroud Rs. 85,000/- to Rs. 1,00,000/-.
If the buyer is building for himself then no need to worry. Incase, Owner is looking for a Rental income, there are many things like :
Bank processing charges
white wash every 2 to years,
Government Property tax every year etc.,