No, it's not always better to buy. The decision depends on your financial situation, how long you plan to stay, local market conditions, and lifestyle preferences. If you plan to move within 3-5 years, renting often makes more financial sense. Consider factors like job stability, family plans, and investment opportunities.

Under the old tax regime, homeowners can claim: Section 80C - up to ₹1.5 lakhs on principal repayment, Section 24(b) - up to ₹2 lakhs on interest for self-occupied property (₹3 lakhs for let-out property as per Budget 2025), Section 80EE - additional ₹50,000 for first-time buyers, and Section 80EEA - additional ₹1.5 lakhs for affordable housing. Note: These benefits are not available under the new tax regime.

This calculator uses 2024-25 market data and provides reliable estimates based on your inputs. However, actual results may vary due to changing interest rates (currently 7.35%-10.15%), market volatility, unexpected expenses, and tax law changes. Use it as a comprehensive guide, but consult financial advisors for personalized advice on major property decisions.

Beyond the calculator, factor in: Stamp duty and registration (5-7% of property value), GST on under-construction properties (5% for affordable, 12% for others), Home loan processing fees (0.5-1% of loan amount), Legal and documentation fees, Interior and furnishing costs, Society maintenance charges (₹2-4/sq ft monthly), Property insurance, and Brokerage fees (1-2% typically).

The Indian real estate market shows strong growth with average appreciation of 6-12% across major cities. Delhi-NCR and Bangalore lead with 10-12% annual appreciation. Interest rates have stabilized at 7.35%-10.15%. Rental yields vary from 2.79% (Delhi) to 4.45% (Bangalore). The market favors buying for long-term investors (7+ years) in most cities.

Timing the market is challenging. With current appreciation rates of 6-12% annually in major cities and rising construction costs, significant price drops are unlikely. Instead, focus on your personal readiness: stable income, adequate down payment (20-30%), good credit score, and long-term plans. The best time to buy is when you're financially prepared, not when trying to time the market.