Rented HOme Or emi

Q: Rented HOme Or emi ? Which one is better even quality oriented ,so that it's costly.

dyana, Gurgaon

31st October 2016

Buying property in Dwarka Expressway, Gurgaon

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Buy a home and pay the rent amount as EMI.At certain period you are Owner of your home.

Ramkumar,

26th November 2016

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Hi friends!!!
I have different view on it. When you give the rent to your landlord, it becomes the landlord’s money. When you pay your mortgage, about half of it is interest, and half is principal. When you file taxes, you get back 25% of the paid interest. So you only lose 3/8th of the money to the bank. Now when you sell your house years later on your own terms, you’re likely to get all your money back and then some. So, according to me buying a house is a clever decision than renting.

Prava, Delhi

15th November 2016

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I agree with Yash......It doesn’t make any sense to buy a 2BHK apartment for Rs.2 crore and enslave yourself for life in a bad job. Why buy when you can rent it out for just Rs50000 a month at the most. I stay in a house that is priced at Rs 40L, but I pay only Rs.8000 a month as rent when home loan interest rate is 11.5%. Why can’t you?

Murali Krishnan, Chennai

15th November 2016

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Thanks Murali,
Till a few years ago, living in a rented house was not an intelligent move. You could buy the house and pay the EMI instead. But this is no longer true. The latest ArthaYantra Buy or Rent report shows that except for Hyderabad, Ahmedabad and Kolkata, renting a house will be a more cost-effective option than buying it.

Yash Panth, Ghaziabad

15th November 2016

As per a recent survey, it is found that In the NCR, property prices are lower, but a Rs 1.20 crore apartment is still out of reach of the average buyer. Even if someone earns Rs 8 lakh a year (more than Rs 66000 a month) and saves 25% of his income, he will have to wait for more than 10 yrs to accumulate the 20% down payment for a flat in Delhi, Noida and Gurgaon.

Murali Krishnan, Chennai

15th November 2016

Hi,
Buying is better only if you stay for 7 years or longer. India’s realty market is driven by investors rather than end users. Thus, if homes prices continue to remain flat for long, investors will start losing interest, as they are in the market for a good return on the money invested.
Return comes in two ways—capital gains from the appreciation in the home prices or rental income. At present, apartment prices are either stagnant or witnessing a mild correction in most parts of India, and more so in the NCR. So renting is always a best option.

Rahul Kumar, Delhi

15th November 2016

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Good evening Rahul!!!
Apart from that, expenses on account of property taxes, society maintenance charges and the normal wear and tear of the apartment includes around 20% to 30% of the rental income depending upon the age and location of apartment building. Then, you also have to consider capital gains taxes in case you decide to sell. But in rented property, you don't have to think about all that.

Yash Panth, Ghaziabad

15th November 2016

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dyana, Gurgaon

31st October 2016

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