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Half Mapped | AaruShivam · 273 words · 1 min read · EN
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I have 20 lakhs ready to buy a house. I also have 20 lakhs ready to buy a house. I'm going to buy a 1 crore ready to move in flat that is in a gated community. Use my 20 lakhs for down payment and take a loan of rest 80 lakhs. I'm booking a 1 crore under construction flat in a rare approved project.
And I'll get a position in about 4 years. Wait, so where are you going to stay for the next 4 years? I'll just continue renting my current place. So you'll be paying the rent and also wait for 4 years? That sounds like a terrible deal. Today, my flat is worth 2 crores. I also just got possession of my flat and it's worth about 3 crores today.
Wait how? We started at the exact same price. Simple. When I booked, it was just a blueprint. Now the roads are ready, the clubhouse is open and the entire community has settled in there. Sure, but I was already living in my home all this time. You were just paying rent. True. I paid about 15 lakhs in rent and since my flat was a construction link plan, I paid
from my savings as the building went up. How much did you pay? I paid 18 lakhs in EMIs in the last 4 years. So your housing cost was 3 lakhs higher than mine? And your property also appreciated almost 1 crore more than mine. Yes, that's the advantage of getting in early. It's not just about which property you buy, it's also about when you get in.
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