A 27-year-old software engineer from the city has sparked a lively online discussion after sharing his financial dilemma about whether to buy property now or continue renting while investing his money.
The question, posted on the popular discussion platform Reddit, quickly drew numerous responses from users debating whether young professionals should prioritise homeownership early in their careers.
The engineer explained that he currently earns between ₹60 lakh and ₹70 lakh annually after taxes and has already built a strong investment portfolio. According to his post, he has around ₹50 lakh invested in equities and expects his total investments to reach nearly ₹1 crore within a year.
Despite his financial stability, he remains uncertain about committing to a property purchase at this stage.
₹1 crore budget and future plans
In his post, the engineer revealed that his budget for purchasing property is around ₹1 crore, though he would prefer to buy something closer to ₹80 lakh.
“My budget: 1Cr max. Preferably around 80L. I plan to make a down payment of ₹20–25 lakh and take the rest on a loan,” he wrote.
He also shared that he plans to get married next year and expects to spend around ₹15–20 lakh on wedding expenses. Because of these upcoming commitments, he is cautious about locking himself into a large loan.
The bigger question, he said, is whether to buy a flat or invest in land.
“If I get a flat, I can get some rental income while I carry the EMIs, but it won’t appreciate much,” he explained.
“If I get a plot, it will appreciate, but what would I do when the price increases? Would I sell it or hold on to it?”
He also noted that he and his future spouse plan to continue renting for a few years after marriage to maintain flexibility.
Online users weigh in
The discussion quickly expanded into a broader debate on property investment in India.
Some users advised caution, warning that large home loans could significantly increase the effective cost of property due to interest payments.
Others suggested that buying property too early could trap young professionals in long-term debt.
A few commenters also pointed out that concentrating most of one’s wealth in a single physical asset, such as real estate, may limit financial flexibility compared to diversified investments.
The discussion highlights a growing dilemma among India’s young professionals—balancing financial security, investment growth and lifestyle flexibility.