Renting vs Buying: How to Decide What is Right for You

The rent vs buy debate has no single right answer - it depends on your city, career stage and goals.

When renting makes sense

If you may relocate in the next 3-4 years, renting is usually smarter. You avoid the heavy upfront costs of stamp duty and registration, and you keep your capital flexible.

When buying makes sense

If you are settled, rent in your city is high, and you can comfortably manage the EMI plus 20% down payment, buying builds long-term equity.

The 5 year rule

As a thumb rule, if you will stay in the same city for more than 5 years, buying often works out better financially.

Whatever you choose, start with a clear budget - and get pre-approved for a loan before you start serious house hunting.