hi all,
just to make things simpler for you, i am attaching an excel calculator ( i was in the same dilemma , and found useful stuff on the net , god bless the person who has made it) which will let you know whether buying or renting is a better option.
as you might see this depends based on various parameters which you have to key in, & based on your inputs calculator lets you know which is the best option.
disclaimer: cannot claim on the authenticity or accuracy of this calculator hence pls use at your own will. I will not be liable in anyway for any inaccurate result.