So you’re looking to buy a home. Should you think like SRK or Warren Buffett?
Subscribe to enjoy similar stories. Indian homebuyers seem to be following Shah Rukh Khan’s advice like never before. The Bollywood star once told fellow actor Rajkumar Rao, “Beta kabhi bhi ghar lega na, toh aukaat se thoda zyaada lena, kyunki phir na, upar wala bhi dekhta hai aur tu khud bhi zyada mehnat karega.
(Whenever you buy a house, buy one that’s slightly beyond your reach because God will keep an eye on you and you will also work harder)." A report by Anarock found the demand for 3BHKs has now surpassed that of 2BHKs, and the sale of high-end apartments (above Rs.1.5 crore) has increased nearly four-fold since 2021. Meanwhile, demand for affordable housing (below ₹40 lakh) fell to 21% of homebuyers in the second half of 2023 from 25% in the second half of 2021 and 40% in the second half of 2020. Warren Buffet, however, takes the opposite view.
The world richest investor hasn’t upgraded his house since 1958. He famously said, “I could buy any house in the world and I don't want any other house than the one I'm in." Also read | Reel estate: Meet the Instagram-savvy property agents changing how homes are bought This is the story of three families who are firmly in Buffett’s camp – for now, at least. They’ve all decided against moving into a bigger house immediately, and plan to use the money to travel abroad, buy a better car, or invest more in mutual funds.
When the Prestige Group launched a new residential building in Bengaluru, 47-year-old Manish Jain was added to a WhatsApp group with 11 of his friends. They all discussed one thing – should they book a flat in it? Jain, who has a job in the private sector, lives in a 2BHK apartment with his wife – a home-maker – and their 13-year-old daughter. When friends
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