BQPortfolio: Sameena Wants A House She Can’t Afford, But She’s Hoping To Fix That
Should Sameena splurge on a Rs 2.5-crore house or put additional capital into her new business?
Sameena Shaikh, a 31-year-old interior designer who has only recently started her own business, has set her sights on a Rs 2.5-crore house in Mumbai’s satellite city, which she wants to buy in 2022.
This may be too aggressive a target, because she’s currently earning Rs 5 lakh a year and has an investible surplus of Rs 2.5 lakh. What’s more, she hasn’t yet started investing.
And while she’s hoping that her new business will ramp up quickly and bolster her earnings substantially, she’s unsure of whether she’ll have enough for the down payment on the house and indeed for the equated monthly instalments that will follow.
On this episode of BQ Portfolio, Gautam Kalia, head - investment solutions at Sharekhan, tells Sameena how much she’ll have to save in order to buy her dream home, and when she can realistically plan to make the purchase.
Watch the full video here: