V
Venkat Raman
posted on 9 MayTax hacks for property are mostly overblown
Financial District — I've been looking at 3BHKs here, but the prices for builders like My Home or Prestige are making me rethink. My budget is around ₹1.5Cr, maybe ₹1.8Cr. Parents keep mentioning tax benefits like Section 24 and 80C. Honestly, I'm not sure if these 'hacks' are truly impactful enough to justify taking a bigger home loan. Does anyone actually see significant savings? Or is it just marketing talk? Also, how much liquid cash should one actually keep aside after a big down payment? Ab samajh nahi aa raha.
#financial-district#tax-benefits#first-time-buyer#home-loan#emi
Comments
Bhai, you hit the nail on the head! My parents also pushed for tax benefits for our 2BHK in Gachibowli, saying it's a 'smart move'. But honestly, after calculating, for a loan of say ₹1.2 Cr, the actual tax saved annually under 80C and 24B is peanuts compared to the EMI. It's maybe ₹50-60k max for my tax bracket. That's like one EMI! Doesn't justify stretching your budget by ₹30-40 lakhs for a bigger house. Focus on what you can comfortably afford