I am working in DLF IT Park. I don’t want to travel more than 30-40 kilometers for work.
I don’t need a big house to start with. A decent 2BHK is all I need for now.
The land should be at least more than 800sq.ft.
Now my questions are:
I have 20L in my hand now. Is it enough to buy a land in Chennai that Is not farther than 15km from DLF. (I can stretch my budget to 23L, if the land is really good)?
Also suggest a good locality?
How much home loan will I be able to get for my salary (I can manage an emi of 13K per month. I have a house in Tirunelveli that gets me a rent of 3000 + the 7500 rent I am paying for my current house.)?
How much will it cost for building a decent 2BHK house (I don’t need fancy stuffs like modular kitchen, fancy tiles floor, wood work, etc.)?
And finally,
If I can’t build a house with my above requirements, then I am ready to buy an apartment. Advice me on whether to go for an apartment or builder floor?