S
Sarita Verma
posted on 26 AprBuying property in Hyd is a bigger financial stretch than expected.
My lease ended in March, so I finally bought a 3BHK in Narsingi. Thought I'd save on rent, but honestly, the EMI for ₹1.5Cr plus maintenance at Prestige Green Gables is way higher than my old rent near Gachibowli. People always talk about appreciation, but the initial cash outflow and interest payments... it's a lot. Even with tax benefits I'm still figuring out, feels like I'm sinking more money right now than if I'd kept renting. Is the 'rent vs buy' math just different now in Hyderabad? Or am I missing some long-term gain everyone else sees? Just wondering if anyone else feels this post-purchase financial pinch.
#narsingi#emi#rent-vs-buy#first-time-buyer#prestige-group
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