Realty Refuge ; Investing in Property, Residential or Commercial, Is the Best Means of Saving for Your Retirement.
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Summary
An illustrious 19th-century religious figure once famously said: "Money is earth; earth is money." Now, the said religious figure may have meant his words to connote the futility of pursuing worldly pleasures (as in money being comparable to humble earth, and not deliverance), but (with due apologies to the revered one), his words sure sound prophetic when looked at in a different context. In the consumerist world of the 21st century, that quote can be interpreted in only one way: earth (as in land, or property) is, indeed, money. Big money.
And money, at least in reasonable quantities, is what you'll need when you evolve from a young, high-salaried, dashing go-getter (with your own home, what's more) of today to an elderly, blissfully retired senior citizen of tomorrow. Because when you are retired, without any tangible source of income, you'll need financial backup, big time. And what better than an assured income from property (rent from, or sale of, second house or commercial property) to act as a shield against the vagaries of old age?See the full content of this document
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Realty Refuge ; Investing in Property, Residential or Commercial, Is the Best Means of Saving for Your Retirement.
The Real-estate Opportunity
First, some numbers. Gurgaon, a small town in Haryana some 36 km from the heart of Delhi, has seen a property boom in recent times, and prices have consistently been on the high growth curve. For instance, if you had bought a flat for Rs 29 lakh in Nirvana, a residential block in Gurgaon, in early 2004, you could have sold it today for anywhere between Rs 55 lakh and Rs 66 lakh. Then, take Noida, a town in Uttar Pradesh some 25 km from D...See the full content of this document
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