Archive · 17 Jun 2025
Gurgaon Flat Purchase Becomes a Headache for NRI Owner
An NRI bought a flat in Gurgaon, hoping it would be a good investment.
They spent Rs 1.1 crore in 2017.
Later, they moved to Canada for work.
However, managing the property from far away turned into a headache.
They had to deal with tenants, collect rent, and pay fees, all remotely.
A finance expert says that real estate isn't always a good way to make money and can cause stress instead of financial freedom.
An NRI purchased a flat in Gurgaon in 2017 for Rs 1.1 crore.
The purchase was partially financed with an Rs 85 lakh home loan.
The homeowner moved to Canada in 2022 for a new job.
The property became a source of stress due to tenant issues and management from abroad.
A finance expert suggests real estate can be a 'long-distance liability'.
- Who
- An NRI.
- What
- An NRI's Gurgaon flat purchase turned into a logistical challenge.
- When
- The flat was bought in 2017 and the owner moved in 2022.
- Where
- Gurgaon, India.
- Why
- The investment became a source of stress due to management challenges from abroad.
Real Estate Investment
Alternative Investments
Investment Assessment
Real Estate Investment
Real estate is a sound investment.
Alternative Investments
Real estate can be a source of stress and a liability.
- Purchase Price
- Rs 1.1 crore
- Year of Purchase
- 2017
- Location
- Gurgaon
- Loan Amount
- Rs 85 lakh
- Current Owner Location
- Canada
