Quote:
Originally Posted by Small fish
Hello Everyone,
I am new to this site and so to investments. The awesome range and quality of information posted on this forum amazes me. Thanks to Roshan , I downloaded the mortgage calculator he posted on another thread; yet to figure how to use it, though.
Appreciate if someone could advice if it would be possible to sell an apartment before receiving the Contract. I bought 2 studios at Phase - III prelaunch of Remraam; would it be legally possible to sell them before receiving the contract?
Thanks in advance
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It's not that whether you can sell. It's whether anyone will buy in that situation. I would not buy in that kind of situation.
I do not think you can do that - OR - approach the developer and see if he will do it in his records by paying a transfer fee. Who does not want money coming in, especially a developer.
I am glad you used thge mortgage calculator. It's the easiest one that I have used. I always go to this mortgage calculator when analysing an investment, tells me exactly what my EMI's will be, what will be my positive or negative cash flow. The best way of analysing your deal instead of asking other people.
Don't forget to go to Sunil's site which tells you a lot on real estate investing. His link is on the calculator.
Good luck.
Roshan