kushwant

Do I rent or do I buy? Many people struggle to find the answer to this question. And although most people will eventually decide to purchase a home, because of their financial situation, some prospective buyers might want to wait to commit.

Though it is always considered to be wise to invest in a property, however the current cost and the future cost of the property should also be taken into consideration.

To decide whether it makes more sense to buy or continue renting, consider this: it is often far cheaper to own a home than to rent one. It sounds almost counter-intuitive - spending a couple hundred thousand bucks on a house should make you broke, not help you save money!

vinod

Hi I am vinod aggarwal

I have a flat of 1000 square feet in an area and am willing to shift to a posch resedential ... i have talked to many brokers but no one is giving me a good deal... I am looking for an 800 square feet flat there.... I am also confused with whether I should buy first or sell first....

do you know any good realtor in east delhi...

davendra

But I believe that even you have money in your pocket the most important thing to consider when contemplating the purchase of a home is not its cost now, but its cost in the future. Exactly.... I'm talking about the resale value.

In other words, how will your monthly installments or EMI for you home compare with monthly rent payments ten years down the line? As a lessee, you are not protected from increases in the cost of living, also known as inflation, so your landlord can increase the price of your monthly rent at his or her discretion.

In metros like Delhi, the forecast for annual increases in your monthly rent payments is 10% per year. Although that increase in rent might not sound like a whole lot, if you continue to rent year after year, it certainly adds up.

suruchi

hi

i want to know the process through which i can evaluate my property....

vardaan

I remember this issue as i myself have been through this...
mate you can chose property evaluation tool from various real estate site.,.. and i would suggest you to chose a real estate site that is in acquaintaince with the locale you are residing or where you have your property as they can give you the true measurement details and evaluation....

i think i answered your question fully...

Kevin

As global firms and some of their overseas staff flock to India to tap opportunities in its burgeoning economy, premium residential rents in cities like Mumbai and the capital, New Delhi, are going through the roof.

Add a rising number of high-income Indian professionals and a shift to a nuclear family from the traditional extended one, and the number of people looking for good homes is pushing rents to levels seen in the more desirable parts of London and New York.

Industry experts believe that rising property prices and hike in home loan interest, have made property investments for the fixed income salaried class difficult. But the rental prices in the recent years have also rised to astronomical figures.

Even then, be it an expat worker or an Indian professional, the mind-boggling demand for high-end rented homes will continue.

nev

Incase you are an investor in the short term, think twice. Incase you wih to decide whether to stay in a rented place or an ownership, then I would recommend; buy. When you buy and put up money or go for a loan, it's investing. incase of loan, you also get tax benefits, bringing the cost of the flat lower. Far as rent, that's money down the drain. Long term, with inflation and scarcity, property prices will always rise.