Should we buy old property using sale proceeds?- Property Hotline
August 17, 2016
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5:46Now PlayingShould we buy old property using sale proceeds?- Property Hotline
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as posted by the channelExpert: Mudassir Zaidi, Managing Partner at SNZ Business Essentials.
Question: I plan to sell my flat sized 330 sq. ft. at Bandra East. It is situated in a 50-year old MHADA building. I wish to buy a 1,000 sq. ft. flat at Bhayander in a 21 year old resale property using the sale proceeds. Is this a wise decision?
Answer: It is completely your decision if you want to sell your Bandra property for Bhayendar. Only thing you will need to check is that see whether how building is maintained. Because it is not necessary that 21 year old building could be in bad condition. You can also look into new properties that can also be a good investment.
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