Think you made a 'cool' rRs.r80 lakh profit on your apartment sale? These hidden costs can shrink your gains
India, June 9 -- A homebuyer purchased an under-construction flat in Noida for Rs.1 crore in 2020 and sold it for Rs.1.8 crore five years later. At first glance, it appears to be an Rs.80 lakh gain. An X user recently noted that while many people see the difference between the purchase and sale price as profit, the actual returns are far lower once all costs are taken into account.
Everyone said, "Wow! Rs.80 lakh profit!"
But the actual numbers tell a different story, the X post said.
A flat bought for Rs.1 crore and sold for Rs.1.8 crore sounds like a real estate investment success story. On paper, the homeowner appears to have made an Rs.80 lakh profit in just five years. Friends applaud the investment, social media celebrates the ga...
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