₹3.5 lakh monthly income, but ₹1.3 lakh EMI: Why a Mumbai couple paused ₹1.7 crore home purchase
A Mumbai couple, Wridhayan Bhatt and Ankita, paused their ₹1.7 crore apartment purchase after reassessing their finances. Despite negotiating the price to ₹1.5 crore, they realized a potential home loan would lead to monthly EMIs of ₹1.1 lakh to ₹1.3 lakh, consuming 30%-40% of their combined ₹3.5 lakh income. They aim to save more before proceeding, targeting an EMI cap of ₹80,000.