Guys, I need honest suggestions.
Is it still a wise decision to buy a flat or plot in Bangalore?
Currently I own a spacious 2 BHK (1350 sq feet) in Bangalore and an ancestral home in my native.
I invest in MF, Stocks, FDs, SGBs, ETF. I am getting pressure from my family for 3 BHK (either apartment or plot and then construction) but it is coming around 1.5 Cr which is way more than my budget and as of now I am completely debt free.

What do you suggest guys ?

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Just calculate if you have 60% of the amount to buy a property and you want 40% of loan then only buy a property if not drop the plan to invest heavily and crib for a long time

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Taking big loans will make you pay more interest and not grow your value

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Decide whether it’s your need or want. If you need, then others have already suggested better options. If it’s want, then discuss with family other better investment opportunities and what else you want to pursue in life. As a typical salaried employee, I always remind myself I can afford some of luxuries but what luxuries to choose is one’s personal decision.

likesmart

You can take a salaried OD then buy a flat.

Is sell the 2 bhk and buy a 3bhk flat (upgrading basically)

That way you have a bigger flat and lesser debt.

Just out of curiosity, Do you have any saving strategy to achieve any long term goal as you are not much interested to buy

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