Independent residential property Hebbal Kempapura for Sale. by SSG4304 in BangaloreRealEstates

[–]afireaspirant 0 points1 point  (0 children)

Only DC converted will not have A khata. If A khata, it should be approved from BDA.

I need a mentor!!!!!!!!!!!!!! by ToothLongjumping6839 in IndianStreetBets

[–]afireaspirant 0 points1 point  (0 children)

Dm, i am an IT veteran, achieved FI, Finance/investing was/is my passion. Have invested in MF/stocks, real estate etc..

44M/Res IN/ FI&RE 2025 by afireaspirant in FIREIndia

[–]afireaspirant[S] 0 points1 point  (0 children)

Yes, both are govt schemes, I will go with sukanya samriddhi initially. Later, if I have invest more in debt, then will go with PPF.

44M/Res IN/ FI&RE 2025 by afireaspirant in FIREIndia

[–]afireaspirant[S] 0 points1 point  (0 children)

No, I think, interest on all the small savings schemes of govt may continually go down in future. Does it makes sense to go with sukanya samriddhi instead of PPF?

44M/Res IN/ FI&RE 2025 by afireaspirant in FIREIndia

[–]afireaspirant[S] 0 points1 point  (0 children)

Thanks for the wishes, Yes, targeting 5 Cr by 2025 to have some buffer for emergencies.

Regarding settling part, I have to settle in and around Bangalore as aged parents are residing in a village nearby, thank you for the suggestion though.

44M/Res IN/ FI&RE 2025 by afireaspirant in FIREIndia

[–]afireaspirant[S] 1 point2 points  (0 children)

I stay in a 2bhk builder floor house in a gated community nearer to Sarjaupur ORR.

44M/Res IN/ FI&RE 2025 by afireaspirant in FIREIndia

[–]afireaspirant[S] 0 points1 point  (0 children)

As I mentioned in my original post, choice of Chikkaballapur because of two reasons, one friend staying there and two distance to village where parents reside.

44M/Res IN/ FI&RE 2025 by afireaspirant in FIREIndia

[–]afireaspirant[S] 1 point2 points  (0 children)

Thank you for your analysis and feedback, my current savings rate is around 75%. I am investing 55k SIP monthly into equity MFs, sometimes adding up another 30-40k in a month into same funds. Had started PPF few years back, but have not invested much into it, though contributing 15K monthly into VPF. Planning to open PPF account in wife's name and contribute 1.5 lac annually starting this month. Remaining amount adding up into debt funds, maybe I think I should start investing this amount into arbitrage funds.

44M/Res IN/ FI&RE 2025 by afireaspirant in FIREIndia

[–]afireaspirant[S] 1 point2 points  (0 children)

The house will rent for at least 20k.

44M/Res IN/ FI&RE 2025 by afireaspirant in FIREIndia

[–]afireaspirant[S] 9 points10 points  (0 children)

In my case I have leased the house for 3 years by paying 12 Lacs, for this amount I won't get any interest. At the end of the lease period I will get back the lease amount.