Bangalore home buying: Does the rent vs buy math add up?
My landlord just hiked the rent again and I'm seriously fed up, so finally looking to buy. I've been renting near Whitefield for ages, paying ₹35k for a 2BHK, and the EMI vs rent math is always on my mind. I'm looking at options around Sarjapur Road or Electronic City, maybe a 2BHK for around ₹90L-₹1.1Cr. Honestly not sure if now's the right time though. Prices seem high, and I keep hearing about Namma Metro Phase 2/3 expansion impacting future values. Is it better to wait, or will prices just keep climbing? Also, for end-use, does the math actually work out in Bangalore for buying vs. continuing to rent? My friend bought a Prestige flat near Kanakapura Road, and he's stressed about the EMI. I'm worried about resale too if I need to move in 5-7 years. What's everyone's take?
Comments
Yaar, your situation is so relatable! My landlord also hiked rent by 10% last month. But ₹90L-₹1.1Cr for a 2BHK? That's a huge EMI, double your current rent maybe. Are you sure about Sarjapur? Traffic is a nightmare there, even with future metro plans.
I agree with the traffic point, but Sarjapur has long-term potential. I
Sahi keh rahe ho U1. EMI is the biggest headache, especially with current interest rates.