I want to buy house, my package is around 15LPA but a good 2bhk flat in the apartment will cost 1.4crore, for me it looks like impossibile with my current salary. I am totally stressed out with this.
I need your suggestions.
Is it in Tier 1 city? If possible if you are working remote you can buy home in tier 2 city with good infra and facilities. You can get an awesome flat in 1/3 the price. Tier 1 cities housing market is crazily inflated and the facilities these cities providee are not worth it for a well settled family IMO.
Which Tier 2 cities would you suggest?
From personal experience, some cities I prefer - Indore, Kochi, Bhubaneswar, Nashik Look for criteria important for you - safety, Basic infrastructure, culture, education for kids, Cost of living, potential growth, budget
Friendly advice.... Don't take too much loan it is a trap. My friend did a smart thing: She saved for 3-4 years, then booked a flat right at launch price, 1Cr (gave the booking amt from saving) and now is paying every request from the salary. Builders generally requests step by step. Now the property is valued at 1.5 cr.
@SteveRogers I dont want to take too much loan, I want to arrange more than 50%of the money. but all my salary is going to rent and for other essentials.
But as per summer other posts on gv ready to move flat are far better in terms of the visibility.
People say that under construction ones are risky and you don't really know what you're getting into.
I have no suggestions. but i feel happy to know there are people like me. People in GV talk in crores, multiple RE investment, Share investment in American companies, felt like am living a BPL lifestyle.
Thank you @Tim_Cook . I feel your pain too.
How old are you? Why do you need to buy a house?
I am 28 now,I got married, and my next step is to buy the house as I am planning to stay for a longer period in the same place @TallTales69 .
If you can cover 30%+ of house value then take a loan and buy. If you can't, then renting is economically better than buying.
Hi All, We are planning to buy a builder floor flat(reason : we get more land share than buying an apartment). Budget within 1.5 to 1.8 cr My salary : 44lacs My husband's salary: 64 lacs We both have purchased two houses in our home town...
I am earning lakh rupees a month(excluding my monthly expenses as a single). but when I think about buying a house (2bhk around 7.5 to 8 hundred sqft) in a city like Pune/ Banglore. I feel I will not be able to afford it considering oth...
I'm 26 years old and married. I'm having 4 YOE. I'm thinking of buying the flat in which I'm leaving as a tenant. My current rent is 6k. The flat would cost up to 22L. I've 5L as cash flow. Should I pay it as a down payment and take a lo...
I live in Pune and travel to Bangalore often. I want to purchase house in Pune 2/3bhk but I don’t know if I would be able to stay in it as my job is insecure 😕 I am 40, have some savings of around 40L, hold about 50L in markets. Would ...
Context - Buying as an investment, don't plan to live there. I plan to live on rent. Current rent is 17k/month.
I'll keep it short for max input. I'm looking at some flats priced around 60-70L for a 2BHK. Rent in the area will be ~30k. ...
