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Wrong Assumptions
by Sanchay Kulkarni on Apr 30, 2007 05:39 PM   Permalink

There are basic flaws in the assumptions.

1)I am living in Pune. If you are buying a flat of Rs.2,500,000.00 here, you can get the same flat at a rent of Rs.8,000.00 not 13,500.00. And even if it is compared to a city like Mumbai, where can you get a flat for Rs2,500,000.00 only?

2)maintenance charges are ot considered in self-occupied property, they are really very-very high these days.

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Buy a house or stay on rent?