u/Pr727628

Hi everyone,

I’m buying my first home, and it’s probably going to be the only home I ever buy. It’ll be for my parents and me to live in, not as an investment.

Here’s my situation:

• Property price negotiated to around ₹1.55 Cr (down from ₹1.77 Cr).
• Including registration, stamp duty, etc., I’m assuming the total cost will be around ₹1.65 Cr.
• I currently have ₹40 lakh in savings and am comfortable putting in around ₹30 lakh as the down payment.
• My parents are willing to contribute around ₹20 lakh, but I’d prefer to use that for basic interiors, furniture, appliances, and making the house livable rather than towards the purchase itself.
• My parents also have around ₹1 Cr in fixed deposits for their day-to-day living expenses, around ₹10–15 lakh in liquid funds, 25-35 lakh gold and property in our hometown (roughly ₹70 lakh worth of land and another ₹20–30 lakh house).

About my income:

I work for a foreign company on a contract basis and have been with them since January 2025. The company renews contracts annually, and my current contract runs until June 2027.

The apartment possession is expected around January 2027. Based on my current savings rate, I expect to save another ₹30 lakh by June 2027. My thought process was that instead of moving immediately, I could first use those additional savings to reduce the home loan principal before shifting into the apartment.

If things go according to plan, I expect the outstanding loan to be around ₹90 lakh–₹1 Cr by then.

One thing in my favor is that I don’t have any financial responsibilities beyond my parents. I don’t have children or other dependents, so it’ll just be the three of us until the home loan is substantially paid down.

The alternative is building a house in our Tier-3 hometown. Financially, that would mean no debt and complete financial freedom.

The downside is that we’d continue living around relatives and in an environment that has been quite toxic for my parents over the years. One of the biggest reasons I’m considering buying in tier2 is to give them a peaceful environment.

My questions are:

1. Does buying a ₹1.65 Cr home seem financially sensible given my situation?
2. Would you choose the debt-free Tier-3 option or the tier 2 apartment with a larger loan?
3. Anything about home loans or banks that i should know?
4. What should I know before choosing a bank, negotiating interest rates, selecting loan tenure, making prepayments, or signing the loan agreement?

I’d genuinely appreciate any advice from people who’ve bought homes or gone through this process. I’m trying to think this through from every angle before making such a big decision.

Thanks in advance!

Hi everyone,

I’m buying my first home, and it’s probably going to be the only home I ever buy. It’ll be for my parents and me to live in, not as an investment.

Here’s my situation:

• Property price negotiated to around ₹1.55 Cr (down from ₹1.77 Cr).
• Including registration, stamp duty, etc., I’m assuming the total cost will be around ₹1.65 Cr.
• I currently have ₹40 lakh in savings and am comfortable putting in around ₹30 lakh as the down payment.
• My parents are willing to contribute around ₹20 lakh, but I’d prefer to use that for basic interiors, furniture, appliances, and making the house livable rather than towards the purchase itself.
• My parents also have around ₹1 Cr in fixed deposits for their day-to-day living expenses, around ₹10–15 lakh in liquid funds, and property in our hometown (roughly ₹70 lakh worth of land and another ₹20–30 lakh house).

About my income:

I work for a foreign company on a contract basis and have been with them since January 2025. The company renews contracts annually, and my current contract runs until June 2027.

The apartment possession is expected around January 2027. Based on my current savings rate, I expect to save another ₹30 lakh by June 2027. My thought process was that instead of moving immediately, I could first use those additional savings to reduce the home loan principal before shifting into the apartment.

If things go according to plan, I expect the outstanding loan to be around ₹90 lakh–₹1 Cr by then.

One thing in my favor is that I don’t have any financial responsibilities beyond my parents. I don’t have children or other dependents, so it’ll just be the three of us until the home loan is substantially paid down.

The alternative is building a house in our Tier-3 hometown. Financially, that would mean no debt and complete financial freedom.

The downside is that we’d continue living around relatives and in an environment that has been quite toxic for my parents over the years. One of the biggest reasons I’m considering buying in tier2 is to give them a peaceful environment.

My questions are:

1. Does buying a ₹1.65 Cr home seem financially sensible given my situation?
2. Would you choose the debt-free Tier-3 option or the tier 2 apartment with a larger loan?
3. Anything about home loans or banks that i should know?
4. What should I know before choosing a bank, negotiating interest rates, selecting loan tenure, making prepayments, or signing the loan agreement?

I’d genuinely appreciate any advice from people who’ve bought homes or gone through this process. I’m trying to think this through from every angle before making such a big decision.

Thanks in advance!

Looking for payroll companies that can pay Indian/Philippines contractors in USD (and not in their local currency)

A US-based company is currently using an Indian payroll firm to manage contractor payments but this structure is causing Indian contractors to lose ~30% to taxes unnecessarily. If you’re a payroll/EOR provider that can: ∙ Pay Indian contractors directly in USD ∙ Handle their contracts/leaves etc ∙ Support Philippines contractors too

… . Drop a comment or DM.I

Been apartment hunting in Jaipur for what feels like forever and i just came across JS Buildcom’s Signature and Ventura projects.

I’m genuinely obsessed. 😭 I don’t think i have seen a residential project in Jaipur that looks this beautiful. The design, architecture, interiors and overall vibe… nothing i have visited comes close

The problem is they mostly have 4 BHKs, and they’re stretching my budget. Signature has only around 15 units left, so I’m feeling the pressure to decide quickly. The place is so good it’s actually making me consider increasing my budget. 🥲

So far I’ve visited KGK Realty, KDMS Skywalk, Floresta, Mahima, eminara and Shubhashish, but none of them gave me the same feeling.

Does anyone know of any projects in Jaipur similar to ventura and signature?

Would really appreciate any recommendations.

Thanks!

Hehe

I have diskdrill access for 1 year, have already recovered my data, won’t be using again. Is it okay if i share my code with someone else, if they want to recover their data?

I basically wasted ₹3600, lot of back and forth and realised i did not actually lose any data and i am trying to get my money back (atleast some) by letting people use it

Hi! I’m completely new to makeup and honestly don’t enjoy shopping, so I want to invest in one good quality set that lasts me years without having to think about it again.

I don’t wear makeup daily, mostly for parties, weddings, or special occasions. I’m not into heavy glam looks either, but I want to have the right tools ready just in case.

Budget isn’t my biggest concern, quality is. I’d rather spend well once than buy cheap sets repeatedly.

Can anyone suggest a good brush set (ranked by quality/value) that would work for someone like me? Open to all suggestions and personal experiences!

So I know someone who worked abroad for 30 years and returned to India in 2020. During his time abroad, he accumulated significant savings and deposited everything into his NRI account in an Indian bank. The money is sitting in FDs and he’s earning around ₹2 lakh per month in interest. When you return to India permanently, you are legally required to convert your NRI account to a regular resident account under FEMA rules. He never did this.

Because the account still shows as NRI, no TDS is being deducted on the FD interest, he is paying zero income tax on ₹2 lakh per month in interest income, and this has been going on since 2020. What makes this worse is that he has clearly maintained a close relationship with the bank staff over the years. Despite returning to India in 2020, he has been regularly visiting the branch for the past 6 years. The bank staff would have easily known he was no longer living abroad. Yet no one questioned his account status or flagged it for conversion. So the question is, did the bank knowingly turn a blind eye?

My questions: 1. Does this qualify as tax evasion and TDS evasion under Indian law?

2.	Can the bank be held liable under FEMA for not updating his account status, especially when they clearly knew he was back in India?

3.	If I report this to the Income Tax Department, RBI or ED — will both the individual and the bank face consequences?

4.	Can this be reported anonymously?

Looking for inputs from CAs, lawyers or anyone with FEMA or tax law experience.

Note for anyone about to say mind your own business or let it go. Please know that this person is genuinely the most evil person I have ever known in my life. I am not doing this out of pettiness. He has made life hell for everyone around him. This is not something I would waste my time on otherwise.​​​​​​​​​​​​​​​​

So I know someone who worked abroad for 30 years and returned to India in 2020. During his time abroad, he accumulated significant savings and deposited everything into his NRI account in an Indian bank. The money is sitting in FDs and he’s earning around ₹2 lakh per month in interest. When you return to India permanently, you are legally required to convert your NRI account to a regular resident account under FEMA rules. He never did this.

Because the account still shows as NRI, no TDS is being deducted on the FD interest, he is paying zero income tax on ₹2 lakh per month in interest income, and this has been going on since 2020. What makes this worse is that he has clearly maintained a close relationship with the bank staff over the years. Despite returning to India in 2020, he has been regularly visiting the branch for the past 6 years. The bank staff would have easily known he was no longer living abroad. Yet no one questioned his account status or flagged it for conversion. So the question is, did the bank knowingly turn a blind eye?

My questions: 1. Does this qualify as tax evasion and TDS evasion under Indian law?

2.	Can the bank be held liable under FEMA for not updating his account status, especially when they clearly knew he was back in India?

3.	If I report this to the Income Tax Department, RBI or ED — will both the individual and the bank face consequences?

4.	Can this be reported anonymously?

Looking for inputs from CAs, lawyers or anyone with FEMA or tax law experience.

Note for anyone about to say mind your own business or let it go. Please know that this person is genuinely the most evil person I have ever known in my life. I am not doing this out of pettiness. He has made life hell for everyone around him. This is not something I would waste my time on otherwise.​​​​​​​​​​​​​​​​