r2i forum

I don't remember that I have seen the below information in R2I forum, if there is a one, please point to me.

If one would like to invest today in real estate in Chennai only for rental income, which is the best place / best option for the money? I can give some examples here..

1. If one can buy a 2BR flat in and around Mylpoare / Mandaveli area for Rs 80/90 Laks ( with open/closed car parking and max age of the building should be 15 years), the approx rental return is Rs 20,000 /Rs 25,000 pm
2. Instead of the option 1, if one invest the same amount in say Velachery, it is possible to get a bigger house and possibly new / relatively new house. But what will be the rental income.
3. Or some other place like Mahindra city or siruseri, where you may buy 2 2BR houses for the same above price, but what will be rental income?

For options 2 and 3, potentail real estate appreciation exist. But I am trying to get answer, where one can invest in Chennai to get maximum rental return on real estate investment?


Regards,
Sundar.

Real estate (with currently overly inflated prices) doesn't seem like a good investment. May be, the 80/90L flat appreciates but it would be hard for anyone to know the peak before it starts to go down. Also, it is even harder to dispose off a real estate in India.

Please note that if you are planning to get the house for personal use, then it is a totally different scenario.

indian6;463810I don't remember that I have seen the below information in R2I forum, if there is a one, please point to me.

If one would like to invest today in real estate in Chennai only for rental income, which is the best place / best option for the money? I can give some examples here..

1. If one can buy a 2BR flat in and around Mylpoare / Mandaveli area for Rs 80/90 Laks ( with open/closed car parking and max age of the building should be 15 years), the approx rental return is Rs 20,000 /Rs 25,000 pm
2. Instead of the option 1, if one invest the same amount in say Velachery, it is possible to get a bigger house and possibly new / relatively new house. But what will be the rental income.
3. Or some other place like Mahindra city or siruseri, where you may buy 2 2BR houses for the same above price, but what will be rental income?

For options 2 and 3, potentail real estate appreciation exist. But I am trying to get answer, where one can invest in Chennai to get maximum rental return on real estate investment?


Regards,
Sundar.

It does not make sense to buy flat in India now and put it on rent.Prices are already too high.
If you have fully paid house which was bought in 90s then it will make some "rental income"

indian6;463810But I am trying to get answer, where one can invest in Chennai to get maximum rental return on real estate investment?

His query is very clear, Not whether he can get better return in another investment or in usa.

Reminds me of an answer I got from a stranger when I queried "How do I get from here to Nehru Nagar?"

The answer was - "I would not go from here to nehru nagar."