Archive · 23 Sep 2025
Bangalore Home: Is Rs 80L Price Reasonable for 3BHK?
A family in Bangalore is deciding whether to buy the apartment they currently rent for ₹80 lakhs or continue renting.
Their income is good, and rent could go up.
An expert says buying makes sense if the price is fair and they plan to stay long-term.
Buying now means taking on a home loan and paying for all the extra costs like stamp duty and society transfer.
Before deciding, they need to check the market price of similar houses, do some legal checks, and make sure they have enough savings.
If the numbers add up, buying could be better than paying higher rent in the future.
A family in Bangalore is considering buying their current 3BHK apartment for ₹80 lakhs.
The family has a combined monthly income of ₹3.5 lakhs and existing EMIs of ₹43,000.
Rent plus maintenance is currently ₹22,000 per month.
The expert suggests the purchase is sound if the price is reasonable and the family plans to stay for 7-10 years.
The family should consider home loan terms and due diligence.
- Who
- A 30-year-old, married individual with a son, and Animesh Hardia (financial expert)
- What
- Deciding whether to buy a 3BHK apartment in Bangalore or continue renting.
- When
- Currently, and over the next 7-10 years.
- Where
- Bommanahalli, Bangalore
- Why
- To assess the financial benefits and drawbacks of buying versus renting, considering factors like income, expenses, and market conditions.
Renting Advantages
Buying Advantages
Cost
Renting Advantages
Current rental outgo of ₹22,000.
Buying Advantages
Locking in an EMI near ₹60,000 for ownership, narrowing the gap versus renting, especially over time as rent escalates.
Financial Planning
Renting Advantages
No need to manage property maintenance or take on new debt.
Buying Advantages
Principal build-up and tax shields.
- Property Price
- ₹80 Lakhs
- Property Size
- 1500+ sq. ft.
- Monthly Rent (Current)
- ₹22,000
- Potential Rent Increase
- ₹35,000 - ₹40,000
- Monthly Household Income
- ₹3.5 Lakhs (joint)
- Existing Monthly EMIs
- ₹43,000 (for 2.5 years)
- Proposed Home Loan
- ₹60 Lakhs
- Loan Term
- 15 years