@hallie4 a) Down Payment: For a 2.5 crore flat, you might need to make a down payment of at least 20%, which would be 50 lacs. It's crucial to evaluate whether you can comfortably afford this without jeopardizing your financial stability.
b) Loan: You mentioned taking a loan of 1.9-2 crores, which is a significant debt burden. The monthly EMI payments will likely be substantial and could impact your monthly cash flow.
c) Emergency Fund: It's essential to have a robust emergency fund, covering at least 3-6 months' worth of living expenses, considering you will have a large loan to service.
d) Future Planning: Assess your long-term financial goals, such as retirement planning, education funds (if you plan to have children), and other major expenses. Buying a high-value property might divert significant resources from these goals.