Economic Factors to Look at While Purchasing a House in Mumbai
The gratification and feeling of being a proud owner of a house are like any other feeling in the world. Defining to purchase a house is a big commitment. Real estate in Mumbai is rising and there is more demand than supply as of now. New real estate projects in Mumbai are coming up, yet the discovery of property in Mumbai is not so easy. More so, finding a property that outfits all your needs is a task. You invest a big chunk of your hard-earned money and hence it is significant that you select a house with care. New residential projects in Mumbai have amplified in number, but it is still a tussle to get that ideal house for oneself. Here we list a few economic factors relating to home ownership, which you should consider before you take the final decision to buy a house in Mumbai. 1. Debt to Income Ratio This is one factor that you should look at when you are obviously on the budget for house buying. A debt-to-income ratio or DTI is a percentage of your fixed monthly expenditur...