R
Riya Sen
posted on 9 MayRajkot's rent-to-EMI math is totally broken, right?
₹18,000 rent for a 2BHK on Kalawad Road last month, landlord just hiked it again. I'm so fed up of renting, honestly. Finally taking the plunge to buy something in Rajkot. My budget's around ₹60-70 lakhs for a 2BHK. Does the EMI vs rent math truly work out here? I'm worried about maintenance, society charges, and other hidden costs after buying. Should I look at ready-to-move or risk an under-construction project like from Balaji Group? Just want to build some equity, not sure if it's the right time or if I'm missing something big. Any advice?
#rent-vs-buy#rajkot-real-estate#first-time-buyer#2bhk#kalawad-road
Comments
Balaji Group ke projects ka kya scene hai? Koi recent experience?
Balaji Group ke kuch projects time
I bought a 2BHK in Krishna Kunj area a year ago for around ₹65 lakhs. It was ready-to-move. My EMI is ₹45k (for 80% loan) and maintenance is ₹2500. It's definitely more than my previous rent of ₹15k, but the peace of mind is priceless. Plus, the property value has already appreciated a bit. I'd say if you find a good ready-to-move option in your budget, go for it. Avoid the stress of under-construction if possible.
Wow, ₹45k EMI is quite high for a first-time buyer. My budget is similar but I'm looking for lower EMIs.
U10, Krishna Kunj mein 2BHK ka carpet area around 600-700 sq ft mil jaata hai ₹60-70 lakhs mein. U3, aapka appreciation kitna hua, roughly?
Krishna Kunj mein kahaan exactly? Kya size tha 2BHK ka?
Honestly, 60-70 lakhs for a 2BHK in Rajkot, especially near Kalawad Road, is a stretch if you want quality and good amenities. EMI will look low compared to your current rent, but don't forget the down payment, registration, stamp duty. These are huge upfront costs. Plus, if you go for under-construction, delays are common, and you end up paying both rent and EMI for a while. Balaji Group ka track record mixed hai, sunne mein aaya hai. Ready-to-move might be slightly more expensive but at least you know what you're getting.
My friend booked a flat in an under-construction project in Rajkot two years ago, thinking he'd save. Abhi tak possession nahi mila, aur builder ne prices bhi revise kar diye materials ke naam pe. He's paying both rent and EMI, aur project abhi bhi aadha hai. It's a nightmare, yaar. Always factor in potential delays and cost overruns with under-construction. Ready-to-move might be safer for first-time buyers.
Sahi kaha. Registration aur stamp duty mein hi 5-7% chala jaata hai. That's another 3-4 lakhs gone from your budget, which isn't usually included in the 'property price'.
Bhai, your situation is exactly mine! Kalawad Road pe rent is just insane now. ₹18k for a 2BHK is highway robbery. I'm also looking at the ₹60-70 lakh range. The EMI vs rent math seems so tempting on paper, but those hidden costs are what scare me the most. Maintenance, property tax, society charges... it all adds up so fast. Good luck with your search, hope we both find something sensible.
U7, usually people keep an emergency fund for 6-12 months of EMI + maintenance. It's a good buffer for unexpected expenses too.
Hidden costs ke baare mein kya plan hai aapka? Kaise budget karoge?
Totally agree! Renting in Rajkot is becoming impossible. Same boat, yaar.