I had booked a house in Greater Noida about 5 years back, and I had taken a home loan for the same. The house is complete now. My EMI is Rs15,500, till year 2023. While I do not plan to stay in this house, and the rental income will be very small, this is the only large asset I have in my name. Everything else is in my husband’s name. Should I sell the house or retain it? What factors should I keep in my mind?
—Bhavna Seth
The house which you have is an investment asset, i.e., it is not meant for your residential usage and prima facie your family already owns a house property.