T
Tamannaah Bhatia
posted on 11 MayChandigarh families, is buying a 3BHK still sensible?
Okay, I'll be honest — EMI vs rent ka decision dimag kharab kar raha hai. Kids bade ho rahe hain, we need a 3BHK. Mohali Sector 69-71 mein buying ka socha, but 90L+ jaa raha hai. Rental yield low hai toh lagta hai EMI zyada hi hoga. Should we buy in New Chandigarh or rent in a good sector for school? Confused.
#emi-vs-rent#3bhk#mohali#new-chandigarh#family-home
Comments
I think the best approach is to evaluate your current financial situation very carefully. If the EMI is going to be more than 40-45% of your take-home salary, it's risky. Consider looking at resale flats in slightly older societies in sectors like 70-71 Mohali, you might find something around 80-85L with immediate possession. Usme builder ka tension bhi nahi. What did you finally decide?
See, current market conditions mein interest rates high hain. Property appreciation Mohali mein last 1-2 saal mein theek tha, but ab thoda slow down hua hai. Rental yield low hone ka matlab hai ki property value mein significant jump nahi aa raha. If you're paying 90L for a 3BHK, your EMI will easily be 60k-70k depending on the down payment. What's your current rent for a similar setup? Also, your job stability and future income growth kitni hai? Ye sab factors consider karna padega before taking such a big leap.
Long-term appreciation is true, but short-term liquidity aur EMI stress bhi real hai. Agar current rent 25-30k hai, toh 60k ki EMI ekdum se double burden hai. Market mein abhi thoda correction expected hai, especially for properties over 1 Cr. New Chandigarh ke bhi kaafi projects mein invesment slow down hua hai. Rasulpur aur Saini Majra side bhi look kar sakte ho for slightly lower budget, but again, connectivity will be an issue. It's a tough call.
Interest rates upar neeche hote rehte hain. Long-term mein toh property always appreciates. Abhi is the best time to buy, thode negotiation se shayad mil jaye. Don't wait.
You're right about the interest rates. My bank quoted me a very high rate last month. Builders bhi abhi discounts nahi de rahe. Ek project mein toh possession date 6 months extend kar di, builder ne koi explanation bhi nahi diya. Frustrating hai.
Meri bhi same kahani hai. Humne bhi 2 saal pehle 3BHK ka socha tha, budget 80L tha. Tab laga rent better hai. Ab toh prices aur upar chale gaye. EMI ka pressure bahut hota hai, especially with kids. Ek friend ne liya hai, aur ab uski salary ka 60% EMI mein ja raha hai. Tension mein rehta hai.
Bhai, 90L+ for Mohali Sector 69-71 is a lot, especially if it's a new project. Builder ka track record check kiya hai kya? Many projects there have possession delays. New Chandigarh mein options better mil jayenge, but then school and daily commute ka issue rehta hai. Which specific projects in Mohali are you looking at? Aur rental yield kaise calculate kiya?
Jaise U3 ne pucha, builder ka reputation bahut matter karta hai. Mohali mein bahut projects latke hue hain. New Chandigarh mein, for example, Omaxe Mullanpur mein abhi bhi 3BHKs around 75-85L mein mil jayenge, but amenities aur connectivity ka issue hai. I know someone who bought there, and they regret the commute. Schools are a big factor, so renting in a good sector like 48-49 in Mohali or even Manimajra could be a short-term solution while you save more or wait for prices to cool down. Rental yield kam hai toh investment wise itna sense nahi banta abhi.
New Chandigarh is an option, but for kids' schooling, it's a big compromise. Daily commute from Mullanpur Garibdass to top schools in Mohali or Chandigarh is a nightmare. Plus, New Chandigarh mein bhi ab prices badh rahe hain. Kya future hai wahan ka?
Totally agree! New Chandigarh is the only place left where you can get a decent 3BHK under 80L. Mohali toh out of budget ho gaya.
Yaar, you've voiced exactly what's in my head. EMI vs rent is a never-ending debate. We are also looking for a 3BHK in Mohali, and the prices are just insane. Feeling exactly the same confusion. Kya karein?