Mistry Says Buying a Home Beats Renting for Long‑Term Wealth

Keki Mistry, who used to run India's biggest mortgage company, says buying a house is smarter than renting.

He thinks houses grow in value over time, so you can sell them later and use the money like a pension.

Mistry himself never took a home loan; he waited until he had enough savings to buy a house.

He says India still has a lot of room to grow in home loans because only 12% of the economy is in mortgages.

He also points out that most people buy their first home in their late 30s, and many young people are still earning money, so the demand for houses will stay strong for years.

In short, he believes owning a home can help you build wealth and feel secure when you retire.