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Don't wait, buy a house within your budget

It will bring down the cost of a second house because of tax benefits and price appreciation

Tinesh Bhasin  |  Mumbai 

Advice for ones sitting on the fence perpetually: It makes sense to buy your first property even if it isn't in the perfect location or of the right size. Banker couple Ashesh Bharti (31) and his wife Priyanka (29) have been going through the same dilemma for some time.

While Priyanka wants to buy the house right away, Ashesh feels it's better to save and buy one that would meet all their needs. "If we stretch ourselves, we can afford a house that costs Rs 1.4 crore now. The best we can get, in this budget is a two-bedroom property in the distant suburbs of Mumbai. The way our ...

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First Published: Sun, August 21 2016. 23:10 IST