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Tata Capital > Blog > Loan for Home > Is it sensible to Invest in Financed Properties beyond Metro cities?

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Is it sensible to Invest in Financed Properties beyond Metro cities?

Is it sensible to Invest in Financed Properties beyond Metro cities?

Most people would agree that buying a property in metro cities like Delhi, Mumbai, etc. is a very costly affair. A flat that can be bought easily in Rs 40 lacs would cost around Rs 60-65 lacs in Metros. It might cost even more if the location is sought after.

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So if you work in a metro city and find the house unaffordable, then you can consider buying a house in satellite cities of these metros. Due to improved connectivity and public transport, it’s not a bad option at all. And for office-goers, if there is no significant increase in commuting times, then looking beyond metros is a sensible option.

Obviously, the biggest benefit is low property prices. This in turn means that your home loan requirement would reduce too and so would the EMIs. A lower EMI can mean savings of lacs of rupees and you also get a shot at prepaying the home loan.

But not everything can be looked through the lens of financial mathematics. Smaller cities offer better peace of mind due to their comparatively lower pace. This is one benefit that most people overlook while buying their homes in metros.

This was about homebuyers who self-occupy the property. What about those who just buy properties as investments? In their case, the major concern is whether the areas beyond metros will develop in line with metros or not. But having said that, the profit from investments will be very high if development goes on in the expected manner. That is because the acquisition cost is very low in non-metro cities (and also if you consider total cost including home loan interest rate If you wish to purchase a house in a metro city but do not have enough money, do some ground research and you are sure to find more affordable houses in nearby and commutable cities.

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