Rent vs Buy Calculator
Compare the true cost of renting vs buying a home in India. Factor in EMI, rent increases, opportunity cost, and investment returns to make a smarter housing decision.
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* ସବୁ ଗଣନା ଆନୁମାନିକ।
ଗୁରୁତ୍ୱପୂର୍ଣ୍ଣ — ନିର୍ଣ୍ଣୟ ନେବା ପୂର୍ବରୁ ପଢ଼ନ୍ତୁ
- Stamp duty varies significantly by state in India — ranging from 3% to 8% of property value
- Annual maintenance costs typically run 1–2% of the property value per year
- Property appreciation in India historically averages 5–7% annually, though it varies widely by city and locality
- Rental yields in Indian metros are relatively low at just 2–3% of property value
- The opportunity cost of locking a large down payment in real estate is often underestimated
- Home loan borrowers can claim tax deductions under Section 80C (principal up to ₹1.5 lakh) and Section 24(b) (interest up to ₹2 lakh)
- Rental income received by landlords is fully taxable under 'Income from House Property'
- RERA (Real Estate Regulatory Authority) provides legal protection to home buyers against project delays and builder fraud
ଏଗୁଡ଼ିକୁ ଅଣଦେଖା କଲେ କ'ଣ ହେବ?
- Overleveraging on a home loan can leave you financially vulnerable during job loss or medical emergencies
- Locking all savings in property means missing out on potentially higher equity and mutual fund returns
- Being 'house-poor' — owning an expensive home but having no liquidity for daily expenses or investments
- Ignoring hidden costs like society maintenance, property tax, and home insurance can derail your budget
- Renting without investing the savings effectively negates the financial advantage of renting
ସ୍ମାର୍ଟ ଟିପ୍ସ
- Keep your EMI below 40% of your monthly take-home salary to maintain financial flexibility
- If you plan to stay in a city for less than 5 years, renting is almost always more economical
- Factor in all costs — registration, stamp duty, interiors, maintenance — when calculating buying costs
- If renting, invest the difference between EMI and rent in SIPs or index funds for long-term wealth creation
- Compare multiple banks for home loan rates — even a 0.25% difference saves lakhs over 20 years
ବାରମ୍ବାର ପଚରାଯାଉଥିବା ପ୍ରଶ୍ନ
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