Quick 10-year comparison for Mumbai property buyers with simplified inputs and clear results.
Quick 10-year comparison for Mumbai buyers.
Assumptions (Mumbai-specific): Rent increase 5%/yr, Down payment 20%, Maintenance 1% of property value/yr (min ₹1k), Mumbai stamp+reg approx 6% + ₹30k cap, Property appreciation 5%/yr.
Designed specifically for Mumbai property buyers with realistic assumptions
Only 4 essential inputs needed. No complex calculations or overwhelming options.
Pre-configured with Mumbai stamp duty rates, typical maintenance costs, and market trends.
Easy-to-understand comparison showing total costs over 10 years with clear recommendation.
Understanding the methodology behind our simplified calculations
Common questions about rent vs buy decisions in Mumbai
Most people change homes within 10 years due to job changes, family growth, or lifestyle changes. A 10-year comparison gives you a practical timeframe for decision-making without getting into complex long-term projections.
Our assumptions are based on current Mumbai market conditions: 6% stamp duty for properties, ₹60k annual maintenance for typical 2-3 BHK apartments, 5% annual rent increases, and 5% property appreciation. These are realistic averages but can vary by location and property type.
This simplified calculator uses fixed assumptions for quick results. For detailed customization of maintenance costs, appreciation rates, and other factors, you can use our advanced rent vs buy calculator.
Absolutely! Consider lifestyle factors like job stability, family plans, preferred locations, and personal preferences. Financial calculations are just one aspect of the rent vs buy decision. Ownership provides stability and pride, while renting offers flexibility.
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Advanced CalculatorDisclaimer: This simplified calculator provides estimates based on general Mumbai market assumptions and should be used for initial guidance only. Actual costs may vary significantly based on specific property location, condition, market fluctuations, interest rate changes, and individual circumstances. Property appreciation and rent increases are not guaranteed. Please consult with qualified real estate professionals, financial advisors, and legal experts before making any property investment decisions. PrimeMumbaiHomes does not guarantee the accuracy of calculations and is not responsible for any financial decisions made based on these estimates.
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