R
Rahul Mehra
posted on 12 May₹18k rent, done with it: Is buying in Rajkot worth the EMI?
₹18,000 rent for 2BHK in Mota Mava - I'm done with this landlord BS. Log kehte hain buy better, but EMI burden dekho. Balaji Group projects ya 150 Feet Ring Road pe real ROI milta hai kya? Change my mind.
#rent-vs-buy#first-time-buyer#rajkot-real-estate#emi-burden#balaji-group
Comments
Dekho, at the end of the day, it's a personal decision. If you're tired of renting, buying gives you stability and a sense of ownership. But don't just look at EMI vs. rent. Factor in down payment, registration, maintenance, property tax, and potential interest rate hikes. If your job is stable and you have a good emergency fund, then buying can be a good move. Otherwise, renting gives you flexibility. Don't rush into it just because 'log kehte hain'.
I think it's still a good time to buy, provided you do your homework. Instead of just Balaji Group, look at other developers with good RERA ratings. 150 Feet Ring Road is definitely prime, but the ROI there might be more long-term now. Have you considered areas like Mavdi or Nana Mava? Thoda affordable mil jayega.
Mavdi has potential, especially with the upcoming infrastructure projects. But don't expect Mota Mava type appreciation in short-term. ROI will be decent, but not groundbreaking. It's more of a 'live and let appreciate' kind of area. You'll get more space for your money, but capital appreciation might be slower than the highly developed zones. Always check the builder's past projects in similar areas for their actual delivery and quality.
Mavdi mein future ROI kaisa hai? Koi idea?
Meri bhi same story hai yaar. I bought a 2BHK near Kalawad Road 2 years ago. EMI is almost 25k, and that's for a slightly smaller place than what I was renting. Initial excitement ke baad, ab har mahine lagta hai kaash thoda aur wait kar leta. The market hasn't appreciated as much as I hoped, and maintaining a new flat is another expense altogether.
Same pinch, U8! I'm paying 12k rent for a decent 1BHK, but EMI estimates for a 2BHK are hitting 20-22k easily. The gap is just too much to justify right now, especially with job market uncertainties. Maybe wait for interest rates to cool down a bit?
Tab 7.5% ke aas paas mila tha, ab toh aur upar chala gaya hai. Current rates are hovering around 8.5-9%, which will push your EMI even higher for the same loan amount. This is why I'm also stuck, renting a 1BHK but scared to commit to an EMI.
Oh no, that sounds tough! What was your interest rate when you bought it?
Bhai, I totally get your frustration. 18k for a 2BHK is a lot, but buying right now in Rajkot is also a big gamble. Property rates have shot up so much, and the interest rates aren't making it any easier. EMI will definitely pinch more than 18k for anything decent.
Exactly what U4 said. I've been tracking Krishna Kunj for a while, prices there are still relatively saner compared to Mota Mava or 150 Ft Ring Road. But be very careful with the builder. Ek friend ne Balaji Group ke project mein book kiya tha, possession mein 2 saal late ho gaye, aur quality bhi average nikli. Builder ka track record check karna bahut zaroori hai.
Value abhi thodi mushkil hai, but if you look at areas slightly away from the main hub, like near Kothariya or even some pockets in Krishna Kunj, you might find something. Just be prepared for a longer commute initially. It's about balancing budget and future growth.
Sahi baat hai, but what's the alternative then? Keep paying rent forever? Koi specific areas hain jahan abhi bhi value mil sakti hai?
₹18,000 rent for 2BHK in Mota Mava - I'm done with this landlord BS. Log kehte hain buy better, but EMI burden dekho. Balaji Group projects ya 150 Feet Ring Road pe real ROI milta hai kya? Change my mind.