Renting Vs Buying a House on EMI

Real estate has always been a booming industry because of the sentiments attached to it. Every person has an emotional need to have their own home.

In other words, real estate is a sector that is growing very fast. In such a situation, if you are planning to buy a house, then you must know some things.

The most important of them is the difference between a rented house and one you own.

If we look at the market sentiment survey conducted last year, the government has done very little to encourage first-time home buyers.

Due to this, the number of home loan borrowers increased rapidly. The exemption limit on home loans has also been increased from Rs 1.5 lakh to Rs 2.5 lakh.

Since then, it has become clear that buying a house is no longer an emotional decision. Especially for those people who are going to buy a house for the first time.

The drop in real estate prices in the last few months has resulted in houses selling heavily and at prices that a middle-class person can afford.

According to the report by Kridai, the highest number of sales in the price range of 30 lakh to 60 lakh happened last year.

Apart from this, due to the new rules brought in by the government—single window clearance, transparency, tax exemption, and personalized treatment—there is the possibility of further booms in this sector.

People who buy houses prefer to buy them in their preferred location, and they also get huge benefits from it. If we talk about the future, then the prices of houses are going to increase tremendously in the next three years.

In such a situation, it would be better if you were thinking about buying a house and then adopted a smart approach.

If you are living on rent and you have to listen to the hesitation of the landlord, and the rent also increases every year, then first of all calculate how much rent you will pay in the next three years, and then calculate your EMI. On the basis of that, take your decision.

Due to the upcoming budget and elections, people will prefer to pay EMI instead of paying house rent. Because there is logic on one side and sentiment on the other.

If we talk about the company, then DLF is providing you with opportunities to buy houses within your budget.

The special thing is that if the loan is in the name of a woman, then a rebate of 0.25 percent will be given on the interest.* Subject to validity.