Does it make economic sense to buy and lease out a property, while yourself staying on rent in Mumbai?
Answered on November 08, 2017
It is a very subjective question that can be answered on a case to case basis. Are you looking to buy and lease a flat in a distant suburb of mumbai just as an investment, but prefer that you are close to work and want to rent another property there ? Or are you planning to ensure that rental income of one place is used to offset the other. There are too many reasons why this may or not may not be the best possible option to do so
