
26M, ₹1L salary – right time to buy a flat in bengaluru?
my monthly situation:
- ₹30K SIP
- ₹40K goes to home expenses (I support my family)
- ₹10K for miscellaneous expenses
- left with ~₹20K/month
my questions:
- what should my budget ideally be?
- should I reduce my SIPs to contribute towards the home loan?
- which areas in bengaluru should i be considering? i’m buying this flat purely for investment purposes.
any insights or suggestions would be much appreciated!
Talking product sense with Ridhi
9 min AI interview5 questions

Ideally your monthly EMI should not be more than 30% of your salary (percent can increase depending on total income), calculate and plan accordingly.

Then he won't be able to buy home forever lol

Remember, Having 2L - 2.5 L Income per month is the right way to go for Home buying in a budget of 1.2 - 1.3 Crore. Also, Save a liquid fund of atleast 10 - 15 L and then buy a home by putting 2.3 L as down payment

I guess it's too early. You might move to different city for a high paying job and that would make the flat a liability. It's too soon to get tied to a property.
If you intend to settle in the flat, you have to think twice. But if it's for investment purpose, then you have to answer completely different questions

A budget of ₹1.2 to ₹1.5 crore is a good range. The EMI will depend on your financial appetite, how much loan you wish to take, and the tenure you choose. Consider areas like Whitefield , Bellandur and Marathalli.