@hallie4 I believe this decision might not be in your best interest at this time, and here's why:
Currently, the market is facing high-interest rates. I would recommend waiting for the Quantitative Easing period when the rates are likely to decrease. This could save a significant amount of money in the long run if you decide to purchase a home.
Considering your current rent of 50k which totals to 6L per year, investing 1Cr in an SBI Fixed Deposit could potentially generate the same amount annually.
To help you decide between renting and buying, you might want to use this tool:
https://fi.money/calculators/rent-vs-buy-calculator.
With time and a little patience, you might find yourself residing in a spacious bungalow a bit outside of Delhi. This could be an attractive option, especially once you start a family.
It seems that the primary factors pushing you towards buying a house are rising rents and unreliable landlords.
Bear in mind, once you purchase a flat, it doesn't necessarily appreciate in value indefinitely. Typically, the appreciation halts after about 6-7 years.
Buying a home ties you down to a certain extent, and it may instill a sense of fear about losing your job and defaulting on the mortgage.
Here's an example from my personal experience. About five years ago, I decided against buying an 80L flat and instead invested in commercial property at the same price. Today, this property is valued at 1.2Cr and generates a monthly rent of 50k. Meanwhile, I live comfortably in a 4 BHK house with a monthly rent of 32k.
Ultimately, your happiness and financial independence should be the priority. If you manage your finances well and work diligently for a few more years, you could reach a stage where you no longer need to work to sustain your lifestyle. That's true happiness and security. Making a 2.5Cr decision due to unfavorable landlords might not necessarily lead you down this path of financial freedom and contentment. It's essential to weigh all factors and not let temporary issues dictate significant financial decisions.