u/minhkien007

Here's a quick overview of my situation: I own a house in Bhopal that I plan to sell for around ₹80 lakhs. My goal is to buy a new apartment in Pune, which costs about ₹1.45 crore, with possession expected in 2029.

The Pune builder offers flexible payment options, including a 25-25-25-25 plan spread over four years or a construction-linked payment plan. I'm looking for advice on how to manage and invest the ₹80 lakhs from the Bhopal sale. Specifically, I need guidance on:

1. The best way to invest this amount until I need it for the Pune property payments.
2. How much home loan I should consider taking, given the builder’s payment options.
3. Strategies to minimize interest costs and keep enough liquidity for upcoming payments.

Could you please provide detailed suggestions on the most cost-effective and secure way to handle this plan? I want to make smart financial decisions that keep my investments safe and my costs low.

I have a question regarding education loans. My total college fees, including mess charges, will be about 12 lakhs, and I understand that collateral is required. My father owns a plot of land, but there’s already a loan on it.

I’m considering whether it’s possible to take a loan for approximately 7.5 lakhs to cover the first 2.5 years of college, while my family pays the remaining amount. Has anyone come across a similar situation or knows if this arrangement is feasible? I previously contacted bank officials but didn’t receive a clear answer.

Would appreciate any insights or experiences related to this.