Hi all,
I’m looking for some advice on deciding a safe home budget.
Our profile:
Combined income: ₹85 LPA (₹60L + ₹25L) All fixed.
No existing loans
Stable jobs
Planning to buy our second home ( not selling first one)
Property details:
Location Pune.
Looking for Under-construction (around 40–50% completed) so that I can afford luxury spacious 3 BHK home.
We have some savings. Willing to put down ₹60–70 lakh as down payment
What I want to understand:
What property value would be considered safe for us (not just what banks will approve)?
What EMI range should we ideally target?
Any risks specific to under-construction properties we should factor in?
I want to avoid being over-leveraged and still maintain a comfortable lifestyle + investments.
Would really appreciate inputs from people who’ve been in a similar situation or have financial expertise.
Thanks in advance!