The Economic Times

Buying a house Vs Renting it: CA questions home ownership logic in urban India when 'banks have rebranded liability as a dream'

A Chartered Accountant has sparked debate by questioning the financial logic of buying homes in urban India compared to renting. In a post on X, CA Nitin Kaushik highlighted that in cities like Mumbai and Bengaluru, rental yields remain low while home loan interest rates are significantly higher, creating an unfavorable gap for buyers. He also pointed out additional costs such as stamp duty and registration, which can add up to 5%7% upfront, making home ownership expensive from the start.