How to Invest in the Right Property within your Budget?

How to Invest in the Right Property within your Budget?
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Whether you are investing in a plot, villa or apartment, a key factor is staying within your budget. Since buying property involves a large chunk of money, it’s easy to go wrong and buy something that will ruin your finances. The more expensive the property, the larger the monthly EMIs and the lengthier your repayment plan. Since a number of factors are involved in buying the right property, here’s a look on ways to stay within your budget:


Finding the right location is the most important factor when buying a property. While the properties at the heart of the city are definitely more expensive, you can opt for a smaller apartment if that’s where you wish to live. But if you prefer a pollution-free life in greener environments, then it’s better to buy your home in the suburbs, where you can get more spacious homes for the same budget.


Once you have decided on the location, it’s time to focus on the budget. You will need ready funds to make a down-payment that’s around 20% of the total cost of your home. Don’t forget other additional costs like property registration, stamp duty, taxes, etc., that form a sizeable chunk too.

Type of Property

Newly launched projects and ongoing projects are comparatively cheaper to buy than ready-to-occupy apartment or villa projects. The cost also varies according to the BHK and amenities available. With so many options, you can easily find a property within your budget.

Purpose of Purchase

Being clear about the purpose behind purchasing a home will also keep you grounded as far as the budget goes. You could buy property for investment purposes or as a home to live in. Buy a home that offers all the amenities necessary for your family’s lifestyle and avoid investing in projects that don’t fulfill your needs.

Home Loan

Ensure you clear off any old loans or credit card debts before applying for a home loan. This will give you a good CIBIL score, making you credit-worthy to the bank furnishing your home loan. It also means that you can avail of a larger home loan amount, meeting your goal of buying a property within your budget!