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Struggling to arrange for down payment of your dream home? Follow these tips

Updated : April 30, 2019 01:27 PM IST

As the houses in metro cities are priced in the range of Rs 50 lakh to Rs 1 crore, the down payment amount is in the range of Rs 10 to Rs 20 lakh. And arranging for that is an uphill task for many.
If you intend to buy a one bedroom hall kitchen (BHK) unit that is currently priced at Rs 50 lakh, two years from now, then one should adjust it for inflation and then calculate down payment amount.
If you go for investments in equity mutual funds when you have a year or two in hand and the markets fall in the interim or remain volatile, then you may be left with much less money than you invested.
Struggling to arrange for down payment of your dream home? Follow these tips

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