First-Time Buyer: Rent vs Buy Decision Guide
Buying makes financial sense when: you plan to stay 7+ वर्ष, your EMI-to-rent ratio is below 1.5x, and the local price-to-rent ratio is below 20. Below a 5-year horizon, renting almost always wins when you factor in स्टाम्प शुल्क, पंजीकरण, maintenance, and the opportunity cost of the down payment.
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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