business π‘ Rent vs Buy in Bangalore: A Techie Seeks Advice
A 28-year-old software engineer earning 70 LPA in Bengaluru is debating buying a flat or continuing to rent. He currently pays 44,000 rupees monthly for a 1.5 BHK apartment in a good society. The flat costs around 1.1-1.25 crore, with an estimated EMI of Rs 65k if he takes an 80 lakh loan. He is leaning towards buying to avoid the renting hassles in Bengaluru as a single person. Most social media users advised him to go ahead with the purchase after considering his solid finances. π‘