Do you mean to say that you want to buy a two bedroom set house which shall give you a monthly return of Rs.30,000 or you mean to say that your monthly income is Rs.30,000 and you want to buy a two bedroom set house?
If you want to buy a two bedroom set house which shall fetch you an asset based income of Rs.30,000 a month then you need to invest around Rs.3,00,00,000 i.e. property value of the house needs to be Rs.3,00,00,000 min. Accordingly the rent of the house shall be Rs.30,000 or so.
If you can invest Rs.3,00,00,000 than it's great!
Or else build a Free Enterprise, where in you shall build an asset of consumers worth more than Rs.300,00,00,000.00p within a period of 4/5 years time with a system of success to educate you.
Check back for more details.
2007-02-20 18:11:57
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answer #1
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answered by mridu.pawan 1
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Depends on the place (city) that have in mind. I guess you can get yourselves financed to some extent by financial insitution/ bank, (a plethora of choices, so make sure you choose wisely - read between lines carefully for some hidden clauses, hidden charges etc). But I am sure you will be able to get yourself a good amount of loan for this purpose. Ask benevolent relatives to pitch in too, temporarily till the income levels can go up, upon which you can return the money)
I wish you all success!
2007-02-20 18:13:06
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answer #2
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answered by surnell 4
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Though it depends on the City and place where the property is situated. But I think it is not possible.
2007-02-21 00:05:15
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answer #3
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answered by khuranapvp 3
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