Renting in GK2: Fed up, is buying the only way out?

My lease in Greater Kailash II is up in two months, and honestly, I'm just fed up with renting. Landlord ne rent phir se 25% badha diya hai. Last two years mein rent itna badha hai, it's crazy. Pehle lagta tha EMI se rent sasta hai, but ab toh buying hi better lag rahi hai. Kya buying ka time aa gaya hai? What are people's thoughts on this rent surge? Will it ever stabilize ya buying hi solution hai?

#rent-surge#emi-vs-rent#greater-kailash-ii#buying-vs-renting#new-delhi-rent

Comments

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Ranjana Verma12 May

Bhai, you're speaking my mind! GK2 mein rent toh out of control ho gaya hai. My landlord in Alaknanda also hiked it by 20% last year, and now again talking about a raise. Pehle EMI ka sochke darr lagta tha, but ab lagta hai rent dene se accha hai khud ki property mein invest karein. At least equity toh build hogi. My friends are also facing this in other South Delhi areas. Lagta hai market mein demand bahut high hai. Kya Delhi mein ab buying hi viable option hai middle class ke liye?

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