Bangalore: People buy or sell properties to earn extra income. But when you take a loan to purchase a property it is difficult to repay it back as the interest of the loan is high. The EMIs can be paid easily but to repay back the entire amount is hard. To pay the lump sum amount sometimes people even sell their properties. So how to retain your property and repay back the loan is the question?

Sameer Khan, Resident of Mumbai bought two properties in the western suburbs of Mumbai about three years ago. He said that he had taken loans for purchasing the flats when they were under construction. The construction work is almost over but still it will take him another six months to receive the possession of the flats.

Khan said that he is finding it difficult to handle both the loans together as the home loan interest rates have increased and so he is planning to sell one of the properties in order to repay back the loan. He believes that the profit that he would receive after selling one property would help him to repay the loan for the other as well.