I do not agree with the article where EMI will be equal to the rent. I have a house in Tier II city where the cost is 13.5 lakhs. EMI is Rs.13,000/-. But the rent is only Rs.3250. In places where you get rent as Rs.13,000/- the cost of the hour will be around Rs.50 to 60 laksh where the EMI will be Rs.40,000 .
