Dont Buy a Home if you cant afford - Rent It!!!

Dont Buy a Home if you cant afford - Rent It!!!

Dont Buy a Home if you cant afford - Rent It!!!

In general, it's not recommended to buy a flat in Mumbai if you can't afford it. Here's why:

Financial Burden:

  • High property prices: Mumbai has some of the highest property prices in India, making it difficult for most people to afford to buy a flat outright.
  • Home loans: Taking a large home loan can be a significant financial burden, especially if you have other financial obligations.
  • Maintenance costs: Owning a property comes with additional costs like property taxes, maintenance fees, and repair costs.

Market Conditions:

  • Overvalued market: Some believe the Mumbai real estate market is overvalued, meaning prices are inflated and may not increase significantly in the near future.
  • Slow appreciation: Property appreciation in Mumbai has been slow compared to other Indian cities.
  • Stagnant rental yields: Rental yields in Mumbai are relatively low, meaning you may not be able to earn enough rent to cover your mortgage payments.

Alternative Options:

  • Renting: Renting a flat can be a more affordable option, especially in the short term. This frees up capital for other investments or saving towards a future purchase.
  • Investing: You could invest your money in other assets like stocks, bonds, or mutual funds, which may offer better returns than property.

Additional factors to consider:

  • Your age and career stability: If you are young and your career is still evolving, renting may be a better option until you have more financial stability.
  • Family plans: If you are planning to start a family, buying a flat may be a more attractive option for long-term stability.
  • Location: The location of the flat will significantly impact its price and rental yield. Choose a location with good amenities, infrastructure, and growth potential.
  • Personal preference: Ultimately, the decision to buy or rent comes down to your personal preferences and financial situation.

It's important to consult with a financial advisor or real estate expert before making any decision. They can help you assess your financial situation, understand the options available, and make an informed decision that is best for you.

About the author
Sandeep Sadh

About Sandeep Sadh

Sandeep Sadh has been in the real estate business since 1993 in Mumbai. He has expertise in Buying, Selling, Leasing properties in Mumbai and a deep understanding of legal and tax related matters due to his experience.


Over the years, he has experienced the City's growth. He has been a columnist in the Times of India with numerous articles, which bring about a clear picture of the real estate market in Mumbai. He is a regular on NDTV, CNBC, ET Now Real Estate and Zee News, giving his experienced quotes as and when required.

Sandeep Sadh has used information and technology since the year 1998 and now what people call it Prop Tech to cater to the needs of Home Buyer, Seller, Investor and Corporates, HNI and NRI looking to Buy/Sell or Lease their properties in the Mumbai Property Market.

Sandeep has a holistic experience of real estate be it Leasing an Apartment for your CEO in the most upmarket buildings, to enter into a long lease for your office in Mumbai in prime buildings or an Investment in good projects with a detailed analysis keeping in mind the Demand and Supply and other micro factors of the project/property.

Sandeep Sadh has developed a few websites like,, which augment the real estate consulting business.

Right from Investments in Primary Markets to Selling, leasing and specializing for NRI’s all over the world. He is an expert in NRI Home Buying and Selling and has a good understanding of the Income Tax laws pertaining to Selling a Property and Repatriating funds overseas or reinvesting based on Capital Gains etc.


  • Residential Leasing
  • Commercial Leasing
  • Residential Home Buying
  • Commercial Property Buying
  • Investment Properties with complete Property Management as your Real Estate Family office

While transacting in the above segments, he has complete experience and deep understanding of the paper work, his areas of expertise are :

  1. Drafting of the Leave and License Agreements
  2. MOU for Buying/Selling Properties
  3. Drafting Agreement for Sale
  4. Gift Deeds
  5. Computing of Capital Gains with current ready reckoner values
  6. Drafting of Supporting Power of Attorney.

As an add on Service, Sandeep Sadh has tied up with various Professionals like Lawyers and Chartered Accountants who add value in transacting and specially services for Non Resident Indians.

Application to Income Tax for Lower Tax Deduction Certificate – Through a qualified CA and keeping a grip on the traction so that the remittance back to Non Resident Indians after Selling the property is seamlessly transferred.

You can connect with Sandeep Sadh on

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