Nobody agrees that renting a house is better option.But when you should buy is debatable here.But here i am telling you what you should consider apart from the price of a square feet for a house. I recently purchased a flat and was in rent for 4 years and the rent paid in these years 2.28 Lakhs.If you reduce the tax benefit on HRA,it would be Rs 1.5 lakhs.But i postponed it because to accumulate savings for down payment and other extra works.When you buy a home,you should have money not only for down payment but also for extra works like interiors,wooded work and etc.So work out your financials well and most importantly see that EMI payment should not disturb your current life style.Otherwise it is a trauma if you need to compromise for small things in day to day life.
