What is good buying or renting?

Buying a flat, big no. A house big yes

There are various factors & you have to understand in which shoes you are in:

1. Employee living in same city with parents [Owns a house]
2. Employee is living in different city & parents in another town [No House in city]
3. Employee & parents are in same city [No House]

Here, Pt. 1 are people living in tier 1 cities. They already have a house, so there plan would be to move to bigger house. like 1BHK to 2BHK or Better area/locality or buy house to get a second source of income or get a farm house for retirement / weekend plans

Another thing is, if you are married & having some conflict that Spouse does not wanna stay with Parents, in that case you can go for rent provided you have sufficient income or second source of income.

For pt. 2 - These are bachelor's/married couples from Tier 1/2 Cities. Eg. Hometown is Nagpur/Mumbai/Punjab/... & working in Bangalore/Delhi/Mumbai/Pune/... City

Bachelor's - if CTC is low, best would be to stay in PG/Rent Sharing. If planning to get married with non-working spouse - Might have to increase CTC to afford rent & lifestyle. Depending on future plans (like good ctc) - Can get a house if planning to settle in this city for people from tier 3/2 If married & spouse is working - if budget & allows & plan to settle in current working location, you can go for Purchasing House/apt. if CTC is low, then rent would be wise.

For Pt3. Employee & parents are in same city [No House] Assuming metro cities Suppose your Parents are working you next plan should be to get a house. Because getting married will be difficult if you don't own a house.

Calculations: [Agent & transport fees not added] Rent - 25K per month [1BHK] -> 3 Lakh annually Now increase by 5 % year for next 10 year - 33 L for next 20 year - 99 L

So, in long run if you are planning to settle in a city, get a flat

When I was a kid, around 2006. We lost our house due to fraud done by my Uncle. we were there on rent for 5 years. Had to search for a new flat every year & it was a hassle + pay commission to agent. My view, If you have money, get a house. As per Financial advisor it might be wrong, But there are emotions & value & society judge us.

If you plan to live in the city for next 10 years and believe that you can survive IT , buy it.

Paying 40-50k rent for next 10 years doesn't make sense when you can pay emi.

Flats do sell too , maybe not at a very huge profit. But they do.

However, if you are not sure about your future, wait and buy only when you think you are ready to settle.

Furniture, car or house ?

2.5 lakh in-hand hai jameen kharido Ghar banao yeh kya flat le rahe ho jo shuru hote hi khatam ho jata hai. Aur rehna bhi kyun hai tumhe city k andar, thoda bahar raho pollution free jagah main.

Comments with a reason are also welcome...

Everyone is saying flat don't appreciate, buy home and all. I just want to ask where to buy a villa or an independent house in Bangalore within 1-2 crores. And also have you seen the flat prices trend recently. The flat I'm currently renting is on sale and the price is doubled in 7-8 years

Buying a decent second hand flat in a metro city, still yes ( as rent = emi) and can be closed in few years Land yes House yes Overpriced new flat where emi 1.5x> rent , not really But if you think based on location it will appreciate then your call.

Do what gives you peace of mind and happiness.

For some it maybe buying a house.

For me it's renting, I don't trust Indian real estate especially in cities like Bangalore where every day there is a new challenge or development. For a few months there is a risk of flooding, few months there is water scarcity, sudden increase in traffic at times.

This is on top of the usual Indian RE woes with high transaction costs, lack of clear titles.

I prefer paying a high rent and staying in a good house for a long period of time. My wealth is in financial assets.

Maybe in the future I may buy a house with less than 20% of my net worth so that it doesn't bother me.

I bought the first property of 80 lakhs when my in-hand was 1.5 lpm and the second when 3 lpm. First one was flat which is now at 2 cr and generating monthly 55k second is villa which is 5 cr now