T
Tarun Tandon
posted on 10 MayFed up with Mohali rent hikes, thinking about buying
Rent in Mohali is just insane now. My landlord in Sector 88B hiked it for the third time, almost 25% in two years. I'm so fed up of renting, honestly. The EMI vs rent math feels like it's finally tilting towards buying for me. My current 2BHK rent is almost ₹30k, and I'm seeing EMIs for a decent ₹90L 2BHK in places like Sector 65 or 82-84 hovering around ₹50k. It's a big jump, but at least it builds equity. Not sure if that 2.5-4.5% rental yield even makes sense for landlords given the rising property values. For us tenants, it just feels like burning money every month. Is it worth taking the plunge now or should I wait for prices to stabilize a bit? Any experiences?
#rent-hikes#emi-vs-rent#mohali-rent#first-time-buyer#sector-88b
Comments
Bhai, you're not alone! Mohali mein rent ne toh hadd kar di hai. Meri wife aur main bhi same situation mein hain, Zirakpur mein. Yeh EMI vs Rent discussion hamare ghar mein daily ho rahi hai. Lagta hai ab time aa gaya hai apna ghar lene ka, no matter what. Equity banana is key.
I agree the rent hikes are frustrating, but 'equity' building is also slow in the initial years of a loan due to high interest component. Your ₹5