I have gained lots of knowledge about RE from this forum. I don’t post a lot but reads all posts :).

I am getting a deal in Tirupati Campus for ready possession 2 BR flat. As there is no Completion certificate, I have to pay 2.75% service tax on agreement value. I have to stretch my budget for this flat and EMI would be 40% of our (me n my husband's) take home salary + almost all savings will dry-up. the only factor pushing us for this deal is the availability of the same type of flat after 2 years. As we know rates will be stable till there are no signs of huge salary increments. We want to own a flat in Vishantwadi area as its closer from our workplaces + has some good schools nearby (my husband's company just 3 kms from here). We are ready to take resale (0-5 yrs old) flat. We have seen some resale flats in this area, problem is, there are very few societies in this area. Mostly are like standalone buildings. So most flats we don’t like and the flats which we like owners are quoting like anything, seems not interested in selling.
So If I do not stretch my budget I think I will lose the flat of my choice, and if I stretch I know I have to compromise in my expenses.

Can you help me in solving my dilemma?
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  • Dipti at the end of the day its your decision to buy a flat or not
    i hope u got all the idea that you can get from this forum now u can finalize the home for you because more you get into discussion some point will get clear some confusion will arise. So its time to go for it and from my little exp i can say the rates are stable as of now

    all the best :)

    regards,
    VK
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  • Originally Posted by vibhor_kale
    Dipti at the end of the day its your decision to buy a flat or not..... So its time to go for it and from my little exp i can say the rates are stable as of now


    Yes stagnant prices to what they were during 2008 peaks across Pune in general. In other words, current prices are at their peaks established in 2008.

    Buying at peak has its own fun.
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  • Decided to go ahead

    Thanks forum members for your valuable inputs.
    Finally I have decided to go ahead with the deal. But I am increasing my own contribution and this makes my EMI lower.
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  • Originally Posted by Dipti
    Thanks forum members for your valuable inputs.
    Finally I have decided to go ahead with the deal. But I am increasing my own contribution and this makes my EMI lower.


    Congrats Dipti on your decision. :)
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  • Congrats!!!
    Go with your decision! if you think on some comments on the forum then you never buy your home for lifetime!!!:D
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  • badhai ho badhai deepti ji :)
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  • This is a very interesting thread. Many forum members have give good financial advice, and detail risk analysis. I'd encourage people residing/buying into these localities to contribute on this thread.
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