1 BHK in Mumbai or house in US? Internet answers Redditor’s dilemma
Buying a house for many children in Mumbai is more than just a financial investment. It is a test of patience, perseverance, and survival. Recently, the REDDIT record received from the US Hunter’s house hunting highlights the hard realities of the Mumbai property market, where the significant risks, legal risks and reconstruction of the household make the household struggle.
Redditor continues to weigh his options in one BHK MUMBAI or a big house in the US.
According to Redditor, most of the 1 PAP of Ander West is 1.8 Crore ($ 216,000). However, 95% of these properties are reimbursed for reconstruction, which means that buyers are at risk of houses that can be torn in the coming years. Adding stress, the user claims to escape a narrow escape from the victim’s affected fraud. Great concern in India’s real estate, where unknown property titles and legal disputes can turn into a nightmare.
“The whole experience was overwhelming and refraining,” the user wrote, responding to the disappointment of many for the first time of Mumbai.
For the same price, the user indicates that they could buy a spacious house in a small town in the United States. However, while the primary value may be such, long-term expenses in the United States, such as property tax and high maintenance costs, but financial challenge.
“The only problem is that although the initial value is the same, property taxes and general maintenance are priority,” said the user. This dilemma is especially tough for them without stable income abroad, as the insecurity of jobs in the United States can quickly save savings, despite the higher quality of life.
Given these challenges, Redditor, is the rent a better option in Mumbai?
“Does it make sense to rent forever? Anyway, if everything is not, you can get up and leave, and the risk is quite low, “they ask.
The warning reflects the growing trend in Indian metro, where the rise in property prices, uncertain return and liquidity concerns are longer renting an alternative to a more attractive alternative.
The post resonates with many consolidates, saying that level 1 or 2 can cause better experience and lifestyle than Mumbai. “Cities 2 and 3 are significantly better and more viable than 1. They should be considered your own home.
“Unless you’re stuck in work in Mumbai, why are you hunting there?
While home property remains a long-term financial goal for many Indians, Mumbai’s housing challenges push more people as a viable long-term solution.