Buying a house, you can call your own is the dream of every Indian. Property prices are sky-rocketing in metropolitan cities, making people opt for renting rather than owning a property. When it comes to renting vs. buying a house, budget plays a vital role.

The choice between buying and renting a house is a tough one. In India, most people prefer owning a home to renting. There are definite advantages to both sides. The objective of this blog is to evaluate both options.

Home purchasing tendencies are popular in thriving cities like Pune, primarily because of the high rental living cost. The monthly rental prices are rising in the metro cities, which is difficult for the average middle-class homebuyer. In simple terms, the average rent is equivalent to the standard EMI. In conclusion, purchasing a home can be a most beneficial decision against renting a home.

The rise of affordable housing options in the outlying localities of the city has increased the number of homeowners in these metro cities. It presents robust connectivity with a reduced average cost.

Some cities that offer more preference for homebuyers are Pune, Delhi, Bangalore, and Hyderabad. The migrant working population usually prefers rental properties instead of homeownership.

Benefits of Owning a Home

  • It offers a sense of security and pride in homeownership.
  • Rent is a cost that is incurred every month without generating any tangible benefit. Paying EMI, however, has dual advantages; it not only provides for one month of refuge but also increases the proportionate proprietary of the home.
  • With renting, you often have to resettle, which entails much wasted time, money, and energy, but owning is not the case.
  • Real-estate capital is a safe investment backed by a tangible asset that has the prospective of capital appreciation and tax gains.

Advantages of Renting a Home

  • Renting does not burden one with EMI installments, house tax, and other legal issues that are part and package of assets proprietary.
  • Renting usually gives an impression of lower accountability.
  • One can rent near work or closer to good schools, but the same estates may or may not be reasonable or within one’s budget.

A house acquisition seems to be an attractive proposition with increased affordability due to higher disposable incomes, the availability of creative and straightforward investment choices, and tax gains.

Buying is an important milestone. There is pride in being an owner. Your own house will always come with a greater sense of achievement & pride as compared to, say, your mutual fund portfolio.

A home at Castel Royale offers a lifestyle of unparalleled privileges. So be a part of Castel Royale, buy your dream home, and get ultra-luxurious residences at Bhosale Nagar.

If you’re looking to buy a home in Pune, visit Castel Royale and become a proud resident at Castel Royale Excellente Pune.