Buy or Rent an Apartment-Check Eye-Opening Facts

Living in a rented apartment means less responsibility. Also you don’t have to pay any monthly EMI and can shift to any place you like at any time which is not possible if you buy your apartment. But, many of us find it difficult to decide whether to buy our apartment or stay in rent.

Today, I will focus on some eye-opening facts that will make it easy for you to decide whether it is good to buy an apartment or take it on rent.

• In my opinion, it will be better if you buy your apartment. Though you need to pay a lot more in EMI and have to shoulder more responsibilities still you are the owner and you will feel light thinking that you don’t have the burden of buying your apartment in the future anymore. You will also enjoy tax benefits on the principal amount, in case of home loans if you are a first-time buyer. So, why waste your money on rent when you can pay monthly EMI and own an asset.

• In a rented apartment you cannot do as you please if you don’t like the design of the kitchen or the washroom you will not be able to change it according to your will, but in the case of your apartment, you can do whatever design you feel like.

• But the skyrocketing prices of the apartments in the heart of metropolitan cities like Kolkata have kept many people wondering whether they will be able to buy their dream apartment ever? To answer the needs of these people, top real estate companies in Kolkata like the Rajwada Group, Siddha Group, etc. have come up with their flagship residential projects in the areas of Narendrapur, Kamalgazi, Rathtala, Sonarpur near E.M Bypass in South Kolkata, where your dream abode will not cost you an arm and a leg and you can indulge in a luxurious life living close to all amenities of life. The apartments in those areas are situated amidst Nature and you can indulge in a luxurious life enjoying world-class facilities like a gym, state-of-the-art clubhouse, community hall, rooftop swimming pool, lily pool, inbuilt jogging track, large garden area, children’s park, indoor badminton court, a swanky lounge, stone garden, library all under the same roof. Some of the apartments even have a designated office area.

• The apartments are close to all basic amenities of life such as markets, shopping malls, grocery stores, hospitals, pharmacies, banks, restaurants, gas stations, and renowned educational institutions like Narendrapur Ramakrishna Mission, BDM International, and Future Campus School. The apartments in those areas are just a few minutes away from the E.M Bypass and extended Kamal Gazi Bypass and have access to N.S.C Bose Road. They are also in proximity to Garia, a major transport hub in South Kolkata. To add more icing on the top of the cake Narendrapur, Kamalgazi, Rathtala, etc. in South Kolkata are close to three metro stations ( Kavi Nazrul, Kavi Subhash, Shahid Khudiram), and Sonarpur and Garia local train stations. All these factors will make traveling a very smooth experience for all.

These are the eye-opening facts you need to check before deciding whether you want to buy an apartment or live in a rented one.

Tanusree is a professional writer working in the real estate field for a long time. She has written many informative articles and blogs on "Real Estate". She has a large reader base that regularly follows her works.