It is not a good decision nicegem. You have saved money and you think you are rich but considering inflation and considering you will NEED a house at some point, it is not the right decision.
As Jagadeeshan rightly said, go for a flat but dont stretch your budget. It is better to buy 2 small flats as your first buy rather than buy one big one now. This will give you flexibility which you need as a first-time home buyer.
Stop thinking about being rich and saving money (like our fathers and grandfathers did) and start thinking about being wealthy. Since you are just 10 years into your career, Im assuming you are in your early 30s and still have about 10 years to take calculated financial risks. You have your 40s when you can be get conservative and diversify your portfolio to NSC etc.
