BusinessPhoto: NDTV BusinessReal Cost of Buying vs Renting a Rs 1 Crore Home
Buying a Rs 1 crore home involves more than just the down payment of Rs 20 lakh. Additional costs like stamp duty, registration, interior design, and moving charges can add hundreds of thousands. Taking an Rs 80 lakh loan at 8.5% interest for 20 years results in a monthly EMI of about Rs 69,400, totaling around Rs 1.67 crore over the loan period.
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