There are few things as important and emotional for an individual as having his or her own house. In fact, so important it is that it has remained one of the most important themes of election manifestos of most of the political parties where they promise to provide a house for every common man. It has also been well-publicized by the film industry through various movies and songs where a ‘home’ has remained the key goal of many a protagonist. They love to own a house is so much that even in the pandemic-stuck year of 2020, the real estate market in India continued with a boom run. Major cities saw a surge of property buyers and realty companies remained one of the favorite companies in the stock market.
Besides emotional investment, buying your own home is also one of the biggest financial investments and also one of the most expensive ones if you are not planning to send your child abroad to pursue some exotic course in the lap of the Alps. Therefore, buying a home for many remains their biggest expenditure. Since it requires a huge cost, a home loan is usually required to fund a major part of it. Even the down payment and other ancillary costs associated with buying a house are so high that it requires sound planning in advance. Therefore, we will walk you through the steps required to fulfill your dream of buying a house.
The Cost Factor
This story is from the August 30, 2021 edition of Dalal Street Investment Journal.
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This story is from the August 30, 2021 edition of Dalal Street Investment Journal.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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