The Economic Times

Think a Rs 50,000 EMI is better than Rs 35,000 rent? CA explains the home loan trap many ignore

CA Nitin Kaushik warns that comparing a Rs 50,000 EMI with Rs 35,000 rent can hide the true cost of homeownership. A 20-year loan may cost more than double the borrowed amount after interest. Buyers must also consider maintenance, property taxes and the opportunity cost of the down payment. Kaushik says evaluating a home as a wealth-building asset requires looking beyond monthly EMI and calculating its total financial cost.