Owning a home is typically the dream of every Indian. The choice between buying and renting is always a tough one. However, it is observed that people tend to give more preference to owning a house, than renting one.
Home buyers have become more calculative – and figured out that paying ₹15,000 as a monthly EMI is better than paying the same amount as rent.
Rent is an expense that is incurred every month without creating any physical asset. Paying EMI, however, has dual benefits; it not only provides for one month of shelter but also increases the proportional ownership in the house