Hi Vishal, As per my knowledge your EMI should not cross 55% of your take home salary. Suppose your take home salary is Rs. 23500/month in such case banks would allow you to take home maximum Rs. 12 lacs for 20 years, for which your EMI would be Rs. 12000/month.
HI, You have to personally approach banks. Each bank is having its own calculations. For your information, normally it is 33 times your Gross Salary but some banks give more depending on the Value of Property. Kindly mentioned your salary so that i can give you the exact answer.