Buying apartment in India right now?
I work in bay area and have about 90L INR saved up. I want to buy an apartment in Mumbai/Pune. (all cash). No plans of settling in USA. Is this a good time to buy with everything going on? The exchange rates seems to be good right now. Will housing prices in India drop if I wait a bit more? TC: 130k YoE : 7 #india #mumbai #pune
Hasn't the exchange rate been in low 70s for last 2 years?
It’s hovering around 74 now. Reached 75 for a while few days back.
Go for it.
It is stupid to buy house with full cash...
Yeah but I’m too nervous about layoffs and having loan on top it. Also why pay unnecessary interest.
Clear the outgoing loans you have right now. Cars and credit cards.
you wont go back
Says oracle slave... Buddy he/she is not from oracle so please stop generalizing.
Many Indians going back..but trump supporters cant withstand the fact
Check the Bombay stock exchange. Indian economy is going to crash, government is not taking any steps to help it. I would say wait for a month or 2.
My experience so far with apartment sellers in Mumbai has been that if they are not in a hurry to sell they will stick to their price no matter what. Same goes for rich builders. I have an apartment lined up that fits my budget so wondering if I should make an offer sooner.
Dude. Any money related activity at this point is DUMB....
Is it new or under construction? Or sale by other owner? Which area?
Buy in Pune if you are planning to stay there. Rentals returns are very low there.
Once a desi goes back, he always comes back. 🤪
Doesn’t rhyme well
Better use loan and pay 30% max in cash. Wait for market to crash and once it steadies put 50% in market. Keep rest in bank
I agree with this advise. You can do a fixed deposits. That’s your backup to pay mortgage in case you lose your job. Be careful on which bank you choose 😀
Let corona run it's course in India