The Economic Times

One layoff. 3 missed EMIs. Bengaluru CA shares how her neighbour lost his Rs 1.2 crore flat

A Bengaluru resident lost his Rs 1.2 crore flat after missing just three EMIs following a job loss. The bank auctioned the property for Rs 95 lakh, leaving him with only Rs 15 lakh. This highlights the precariousness of home ownership on a single income and the importance of proactive communication with banks during financial distress.