Isloo replied on Thursday, September 20, 2012 03:26 PM
I will suggest to buy a property of maximum 3.5 million in an area where return is visible in 10 years..Like DHA9 file. In DHA, prices have increased beyond the inflation factor in last five years.
Keep the rest in another currency or the best being Gold. This way, majority of your money is encashable instantly and you are not putting everything at stake in one place. The returns are expected to be good from both these investments as DHA 9 is safe.
The returns with gold,USD and other currencies might be lower by 30%-40% but you always have the money in your hand and at your disposal.When things go bad in property, not many people are willing to buy and all money is stuck.
Rememeber that Dollar and Gold have inverse relations normally. When Dollar increases, gold decresaes. Unfortunately, Rupee decreases against both. Hope that helps. |
