Is spending Rs.1.4 Cr. when my budget is not beyond Rs.1 Cr. a good idea? - Property Hotline
January 31, 2017
19
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4:53Now PlayingIs spending Rs.1.4 Cr. when my budget is not beyond Rs.1 Cr. a good idea? - Property Hotline
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as posted by the channelExpert: Jayashree Kurup, Magicbricks.com
Question: I have almost finalised a 3 BHK property with Nexus Builders, Thane West. My budget is not beyond Rs. 1 Cr. and the builder is quoting Rs. 1.4 Cr. Should I go ahead with the deal?
Answer: If what you can spend is Rs.1 Cr. paying Rs. 40 lakh extra might not be a good idea. When you stretch your budget too much, you are compromising the quality of life. I would recommend you to check out other properties in Thane West. Best thing to do is try negotiating with the builder. Because at some stage you might find it difficult to pay the EMIs. As far as the developer is concerned, he has a good track record. I would say too much of a stretch isn’t a good idea and you should consider other projects that fit in your budget in Thane area.
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