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Home > Forum > Bangalore > Investment Advice > I am working in a software firm..with 30,000 salary. Should i start investing in properties and how ...

I am working in a software firm..with 30,000 salary. Should i start investing in properties and how much should I invest?


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The rule says that in the 30K salary bracket, you need to dedicate 40% of your income for paying EMI of the home loan. Thus, Rs 12,000 out of Rs 30,000 should go for EMI for the home loan. You will be able to afford a property from Rs 15 lakh to Rs 18 lakh considering your income and paying capability.
Abhilasha


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