[QUOTE=puser;114570]keep writing in indian real estate forum [/QUOTE]
Hi all. Good discussion here. A few quick points.
1. A CLP is the closest you can get to SIP in RE. You lock in todays price, then keep paying slowly - but with inflation depreciated currency. So after 3 years, your 1L payment is actually 86,ooo because inflation devalued your money by 14% (rough example)
2. It is not necessary to invest in RE directly. You can also invest in stock proxies for RE, while waiting for right location price and downpayment accumulation. SIP into a basket of say DLF (Delhi), HDIL/HCC (Bombay), Leelaventures (Maharashtra), Royal Orchid (Bangalore) and Kajaria ceramics will capture whatever growth RE will give you. ICICIDirect also gives you a stock SIP option nowadays (you can place orders for market purchase at aftermarket times, since you may not be able to do it while working - whereas previously they only allowed limit orders at off market times
3.Taking a loan at floating rate does not beat inflation. If you are buying to beat inflation, stick to fixed rate of interest loan - currently some 2-3% higher than floating
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