The vision of settling down has always been associated with living in your own ‘home sweet home’. However, purchasing real estate solely depends on the financial readiness of the individual. In line with the most recent research, more than 65% tenants are planning to buy a home post pandemic.
Rent scenario
Generally, the difference between EMI and rent is substantial owing to variables like size, amenities, location, etc. So, rentals are easier to manage than EMIs.
Let’s consider a 2 BHK flat in Pimpri Chinchwad. If you aim to stay on rent here, you are liable to pay around twenty thousand rupees every single month. As stated in the rent agreement, there wil be 10% hike in this figure every 11 months. Failing to pay this, you will have to shift to cheaper environs, thus compromising on your lifestyle.
Buying scenario
In the typical calculation of 10% down payment summed with stamp duty, you will pony up around ten lakh rupees instantly. Further, you are liable for an approximate monthly EMI of thirty thousand rupees for more than two decades.
The only positive note in this situation is that the EMI is set for the given duration while the property keeps appreciating. We all know, ‘Real estate gives high returns in the long run’.
Life Canvas scenario
The chief determiner is always affordability. At Life Canvas, Mamurdi, PCMC, the new upcoming project in Pune, the standard rule of one-time investment is wiped out. For a 2 BHK flat, you have to pay only thirty thousand rupees monthly for three years. This totals to ten lakh eighty thousand rupees in consummation. Secondly, EMI shrinks by almost 30%. Buyers will definitely benefit from this steal deal.
The masterminds at Vighnaharta group keep innovating for the privilege of all-comers. Visit Life Canvas site and give us a chance for hospitality. There are 1, 2 and 3 BHK flats for sale at your disposal in the upcoming location of Mamurdi.
