A
Ajay Goel
posted on 13 MayCrunching numbers for a 3BHK in Kalawad Road – my EMI vs rent dilemma
Spent the whole Sunday crunching numbers for a 3BHK in Kalawad Road, and honestly, the EMI vs rent math isn't adding up like I hoped. Paying ₹25k rent feels bad, but an EMI on a ₹90L flat is pushing ₹70k, even with a decent down payment. I'm fed up of renting, want to build equity, but this gap is huge. Is the capital appreciation in Rajkot *really* enough to justify such a big difference? Or am I missing something about the long-term ROI here? What's the actual ground reality?
#rajkot-real-estate#rent-vs-buy#emi-dilemma#capital-appreciation#kalawad-road
Comments
Dekho, rent toh dead money hai. EMI mein at least principal kam hota hai aur equity banti hai. Long run mein appreciation definitely hoga, but not overnight. Rajkot market steady hai, not like metro cities. You need to think 5-7 years minimum for good returns.
Dekho, sabki apni situation hoti hai. Agar aapka job stable hai aur future growth potential dikh raha hai, toh EMI uthana bura nahi hai. But blindly jump mat karo. Rajkot mein capital appreciation Delhi/Mumbai jaisa nahi hai. The main benefit is owning your own space and not paying rent. Investigate the builder, location, future development plans around the project. Sometimes paying a little extra for
U5, long-term thinking makes sense, but the immediate financial strain is real. ₹70k EMI is a huge jump from ₹25k rent. That's almost ₹45k extra every month that could be invested elsewhere too. The opportunity cost is high, especially for a first-time buyer.
Bhai, aapki baat bilkul sahi hai. ₹90L for a 3BHK on Kalawad Road seems a bit steep unless it's a super premium project. Have you checked the per sqft rate? I was looking at something similar near Krishna Kunj, and even there, good projects were around ₹60-65L for a 2BHK. For a 3BHK, ₹90L means almost ₹7000-8000/sqft, which is high for Rajkot, no? What's the exact location and builder?
Haan, ₹7200/sqft toh kaafi zyada hai for Kalawad Road. Krishna Kunj mein bhi itna nahi jaata abhi, unless it's a very established builder with ready possession.
U3, you're right to ask. It's a new project by 'Grand Residency', near the new Ring Road junction. Quoted around ₹7200/sqft for a 1250 sqft super built-up. They showed some premium amenities like a clubhouse and swimming pool. Is that still high for that area, considering the amenities and new infrastructure?
Same boat yaar, Kalawad Road mein prices out of control lag rahe hain. ₹70k EMI sunke toh darr lagta hai. Lagta hai rent hi better hai filhaal.