Buy vs Rent Calculator - Delhi NCR
In Gurgaon, a 2BHK in a mid-range society costs Rs 80-120 lakh with an EMI of Rs 55,000-85,000 at 8.5% for 20 years. The same flat rents for Rs 20,000-30,000. Rent is still cheaper monthly, but Gurgaon has seen 8-10% price appreciation, making buying a reasonable long-term call for 10+ year horizons.
Monthly EMI
₹55,541
Total Buying Cost
₹1,49,29,765
Total Renting Cost
₹99,19,786
Property Value at End
₹2,56,57,084
Break-Even Year
Year 1
Verdict
Buying is better long-term
Compares total cost of buying (down payment + EMIs) vs renting (with annual rent increases) over the loan tenure. Factors in property appreciation for the buying scenario.
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Common questions about Buy vs Rent Calculator - Delhi NCR
Is Noida or Gurgaon better for buying a home?
Gurgaon: better infrastructure, multinational employer concentration, higher prices (Rs 6,000-12,000/sqft). Noida: better metro connectivity (to Delhi), lower prices (Rs 4,000-8,000/sqft), growing tech and pharma employers. Noida sector 137, 150 areas have seen 10-12% annual appreciation in recent years due to the Jewar Airport effect.
What is the stamp duty for property registration in Delhi?
Delhi stamp duty: 4% of property value for women buyers, 6% for men, 5% for joint ownership. Registration charges: 1% of property value. On an Rs 80 lakh property, a man pays Rs 4.8 lakh (6%) + Rs 80,000 registration = Rs 5.6 lakh in transaction costs, adding 7% to the total cost of purchase.
Should I wait for property prices to fall before buying?
Trying to time property markets is as unreliable as timing stock markets. Delhi NCR prices have risen consistently since 2021 after a 5-7 year stagnation. If you have a 10+ year horizon, a stable income, and a genuine need for the home, delaying rarely works out financially. Locking in a low mortgage rate when rates are favorable matters more than price timing.