Ghaziabad investment: My tax savings calculations for NRIs feel way off.
Family's been pushing me to invest in Ghaziabad for ages, but I'm based in Dubai and can't do site inspections easily. Everyone talks about the great ROI and tax benefits for property in places like Crossings Republik or Raj Nagar Extension. But honestly, for an NRI like me, are these tax hacks (like Section 24, 80C) even worth the headache? I'm looking at a 2BHK around ₹70-80L with Gaurs or ATS. My main concern is finding a trustworthy property manager and handling things via power of attorney. Matlab, after all the fees, maintenance, and the hassle of managing from abroad, does the actual tax saving even make a big difference? I feel like the net benefit is way smaller than people make it out to be. Should I just forget about tax benefits and focus purely on appreciation? Or are people just overhyping these savings? Change my mind.
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