Can A Rs 3.5 Cr Flat Fit Your Rs 80 Lakh Income And Rs 4 Cr Portfolio? Expert Weighs In

We’re a mates successful our precocious 30s pinch nary kids, earning astir Rs 80 lakh annually, mostly from my Rs 70 lakh income. We person a Rs 4 crore portfolio divided crossed Indian equity, debt, and overseas equity, and a monthly take-home of astir Rs 3 lakh positive bonuses. We’re considering buying a Rs 3 crore flat, which mightiness full Rs 3.5 crore aft each costs. Given our income and investments, is this realistically affordable without dipping into family support?

Advice by Animesh Hardia, Senior Vice President, Quantitative Research astatine 1 Finance

As a mates successful your precocious 30s pinch an yearly income of Rs 80 lakh and a Rs 4 crore portfolio, considering a Rs 3.5 crore level is simply a important move. This would require a minimum down costs of Rs 1.2 crore (on apical of Rs 50 lakh arsenic further costs) to make your EMIs affordable.

When considering specified a important purchase, it's important to look some wrong your existent financial business and beyond nan contiguous numbers. Here are nan important aspects you should consider:

- Your superior extremity should beryllium to participate a debt-free retirement. A 20-year location indebtedness taken successful your precocious 30s intends you'll beryllium making payments good into your precocious 50s. This aligns perfectly pinch a emblematic status age, ensuring nan EMI load won't transportation into your status years.

- A location is simply a awesome milestone, but it's not your only one. With nary children, you use from importantly reduced financial pressures related to their acquisition and marriage. This frees up savings for your location indebtedness payments and different aspirations for illustration recreation and leisure, car upgrades, high-end gadgets, and retirement.

- Drawing Rs 1.7 crore from your existent Rs 4 crore portfolio (for nan down costs and different expenses) is simply a sizeable sum. While nan remaining Rs 2.3 crore is substantial, your accordant further investments complete nan adjacent 2 decades will admit your portfolio to money your retirement.

A status corpus for a Tier-1 metropolis successful nan mid-2040s mightiness typically scope from Rs 8-10 crore pinch dependents. However, for a mates for illustration you without children, peculiarly if you see retiring successful a Tier-2 city, your required corpus could realistically driblet to Rs 5-7 crore.

- A location indebtedness of Rs 1.8 crore astatine 8% liking complaint for 20 years would consequence successful an EMI of Rs 1.5 lakh. With a Rs 3 lakh monthly take-away + bonuses, a due location indebtedness repayment strategy would make nan EMIs affordable and besides trim nan full liking payable.

To make a genuinely informed decision, it's highly recommended to consult a qualified financial advisor. They tin thief measure your existent financial standing, understand your circumstantial needs, and create a broad roadmap for your investments, location loan, and retirement, ensuring your location acquisition is simply a realistic and stress-free goal. EMI mustn't go a financial burden, causing financial accent and impacting your bid of mind.

Published on: Jul 12, 2025 6:04 PM IST