The age old question of whether one should buy or rent a home is both emotional and financial decision for the buyer.
With current inflated real estate market especially in India in which sellers are asking exorbitant prices for the residential properties, it has become ever so important for buyers like me and you to understand the financial data behind this.
To help our users we have built a nifty calculator that can be used with Google Sheet/ MS Excel.
This calculator helps our users in understanding the different aspects of buying a home vs saving now and buying later that home or equivalent newer home.
In this calculator we compare the money outflow from own pocket, support provided by compounding by investing in relatively less risky Nifty50 ETF for a limited duration to build a corpus for down payment and taking a lower amount home loan for a lower duration.
This calculator can be accessed here: LINK