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Overseas property is more lucrative

Take help of an international consultant to navigate the complex rules, regulations and taxes in India and abroad

Tinesh Bhasin 

What would you choose if you have an option to buy a house in India worth Rs 1 crore that gets you an annual rent of 2-3 per cent of the property value or one in Manchester that earns a rent of 8-10 per cent? The deal on the international property can further sweeten if you are taking a loan. For a property in India, you get a rupee loan at minimum 8.4 per cent. In Manchester, the loan in British pound can be availed at 2-2.5 per cent. In other words, even after paying the equated monthly instalment to the foreign bank, you will earn a good 5 per cent or more — still higher ...

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First Published: Wed, November 01 2017. 22:37 IST
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