Well my uncle in Hyderabad has asked for the following deal
A total amount of 30L is needed for him to buy a plot and build a bungalow somewhere in the outskirts of Hyderabad.
So he's asking me to lend 15L(as he can't make both ends meet) and he'll pay me interest @8% per annum ie.1.2L per year.
So is it a good investment(compared to mutual funds) for me in cases
1.At the end of 20 years he transfers the whole property to me.
2.At the end of 20 years he transfers half the property to me.
Greatly appreciate your help. Sorry if it is in the wrong sub forum.
A total amount of 30L is needed for him to buy a plot and build a bungalow somewhere in the outskirts of Hyderabad.
So he's asking me to lend 15L(as he can't make both ends meet) and he'll pay me interest @8% per annum ie.1.2L per year.
So is it a good investment(compared to mutual funds) for me in cases
1.At the end of 20 years he transfers the whole property to me.
2.At the end of 20 years he transfers half the property to me.
Greatly appreciate your help. Sorry if it is in the wrong sub forum.