u/BothSupport4041

Hi,

A little context. I’m a 26 yo Tier 1 MBA working in consulting. I have a little money that i would like to invest in real estate. Basically ~40L from me and ~4 from my sister (who works in a bank so simple interest loans). Since I plan to stick around in Mumbai and like beaches a lot, we were thinking to buy a land with maybe a small house on it in Nagaon area of Alibaug given we should be able to get something in 80L there. Purpose is to have a home in case someone wants to live + give it out on Airbnb for some passive income maybe.

Is this a stupid idea, thoughts, suggestions etc are welcome