Times of IndiaLean R·
Is your dream home affordable? 33% rule every buyer should know about
Rising housing costs in India are straining household budgets significantly. A recent study has revealed the stark difficulties individuals face in finding affordable housing. The 33% rule advises that no more than a third of one's monthly income should go towards housing expenses. While affordability calculators provide insight into borrowing potential, banks often evaluate additional factors before granting home loan approvals.
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