Bengaluru Woman Earning Rs 2.6 Lakh Monthly Unsure About Buying Rs 2.3 Crore Home; She Asks, ‘Can I Afford?’

A 31-year-old woman earning Rs 2.6 lakh a month is thinking about buying a Rs 2.3 crore flat in Bengaluru. While she has savings and a steady income, she is unsure if this is the right time to take such a big step.

She shared her situation online, explaining that she wants a place she can truly call her own. At the same time, worries about job security and future expenses are making her think twice before making a decision.

She Explains Her Situation Clearly

In her post on Reddit, she wrote, “Can I afford the home of 2.3 cr,” and added, “I am single, 31 F, income 2.6lpm after tax, home considering of 2.3cr all inclusive. Possession will be in 2030. Till then, I will have to pay rent of 50k. Can I buy this? I am not looking at what will be the appreciation since I am planning to occupy

it once it’s ready.”

The flat she is looking at is near a well-known residential area in Whitefield, Bengaluru. She also mentioned that she does not have major financial responsibilities right now, apart from her own living costs.

However, she shared a deeper concern. “I understand that AI will come and wipe out jobs (it has already started doing that), but I have no home. I can’t call any place home. I need a place which I can call home and I really really want to live at nice place which I can tell with pride.”

She also added that she has around Rs 70 lakh saved up, which she plans to use for the purchase.

Social Media Users Give Mixed Advice Online

Her post led to many different opinions from people online. Some felt the plan might be risky, while others encouraged her to go ahead.

A user said, “This doesn’t look manageable imo. What are the payment milestones? I personally subscribe to the idea of buying ready-to-move-in apartments. It’s far less stressful, i.e., financial and potential developer delays/issues. The so-called ‘lower price’ of new launches isn’t worth it.” The woman replied, “What good properties are available. I have been looking for homes for a long time but I just don’t find good.”

Another user had a more positive take and wrote, “OP – do it. You’ll have a couple of years where cash flow is tight, but if you get pay increases from here till 2030, you’re fine. You’re just about uncomfortable right now. If you wait till you’re fully comfortable, you could get priced out. I know I’m a Random Internet Stranger, but if you like the house and it otherwise works for you, then put 30 lakhs away for later, pay the 30L DP, and start saving like hell from here.”

Some Warn About Risks And Timing

Some users advised her to be more cautious. A person said, “Please don’t, Rs 2.3 cr flat in Bangalore is a terrible investment as is, but also if you are looking to stay yourself, it’s even worse. If you are from Bangalore or Karnataka itself and looking to settle down for at least the next 20 years, buy a plot and build a home, it will appreciate for sure. Flats may have appreciated a few years in between, but it won’t continue.”

Another added, “I would suggest waiting for some more time to see how AI and war affect the job industry, at least for a year. Till that time, save as much as possible and but once everything settles down.”

Some also suggested choosing a ready-to-move-in home instead of waiting years for possession.