Guide To Choosing a Rental Home

For people who are in search for rental accommodation in a city like Mumbai, affordability could be a crucial factor. Landlord would like to provide all the amenities needed to its residents. But with the increase in the amenities the expected rent also takes an upward curve. Houses that come with good amenities and proper construction, make your life smooth and better. 

While affordability is one factor, top builders in Mumbai suggest home seekers consider the proximity factor as well. It should reduce or at least limityour daily commuting time as well as should be surrounded by social infrastructures such as hospitals, educational institutions, and recreational avenues. All these within a short radius of your house, make your life easy. 

How To Keep Rental Affordable?

Now a days, almost all Builders in Mumbai offer properties with various facilities such as swimming pool, club or gym, covered parking space, etc. When you are an owner of a property, all these amenities become accessible to you. 

However, as a tenant, your owner must mention a special clause in your agreement for you to enjoy them. In some cases, to keep rents affordable, owners may refrain from extending these facilities to the renters. 

The kind of property one chooses to live is based on the amount of money you are willing to shell out from your pocket. Almost all builders offer integrated amenities in their apartments in metro cities. For example, Chandak Group offers state-of-the-art amenitieslike play area, clubhouse, amphitheater, landscaped gardens, etc. to attract more customers. 

Builders in Mumbai make sure they provide you will all facilities imaginable, but the onus is on you to pick the one which is most affordable and apt for you and your lifestyle.

Things To Consider While Searching For Rental Homes 

Once you have decided on living in a rental home, there are a few factors you need to consider. Rent plays a major role, so don't miss to verify the standard rental rates of the area. Select the probable areas and then refine your search based on the other factors like:

1. Location

Connectivity to and from an area plays a very important role. Chandak group project Chandak Next is just a 10 minutes’ drive from Borivali (E) Station. Such factors attract renters and make your commute easy. Builders in Mumbai also consider this as one of the key determinants to attract customers. Make sure the area is easily accessible through road/rail transport. Also, social infrastructure and proximity to other places are important.

2. Check the infrastructure and the Amenities

While taking a home for rent, make sure the area is good and offers the day-to-day amenities within a short distance. If you are a family with kids, then schools, hospitals and recreational spaces like parks nearby should also be a criterion. If possible, engage in small talk with people in the same apartment to understand if there are any issues with water, electricity, security or anything else. This should give you a good idea of what to expect and you also make friend even before you move in. 

3. Rent

As said, rent plays an important role in choosing an affordable home. Keep a check on the prevailing rental rates in the area. Choose the kind of home you want to move into. If your budget is low, go for homes with fewer amenities that make a good reduction on the rental amount. Or plan to move a little to the interior. The rent of properties close to shops, markets and main roads would be higher as compared to inner areas.

4. Lease/Rental Agreement 

There could be a lot of things discussed orally between the tenant and the owner. But it is important to mention all these in the lease/rental agreement. Go through it fully and ask for inclusion if anything discussed between you with the owner is not mentioned. For example, you may consider moving to a property that has all amenities but may not have the requirement to use them. In such a case, get a clause included by the owner in this agreement which will exempt you from paying extra. 

Builders in Mumbai make sure they have all that it takes to lure you to their property, the owners wanting to rent their houses do the same, but it is up to you to make informed decisions. Hope this section was useful to you and will help you in choosing rental and/or self-owned property. Well, then get started. Let us start searching for your dream home today. 

6 Tips To Make Your Workspace Awesome

Ever wondered why you seem more productive and full of ideas in some places, while completed blocked in some others? Ever wondered why creative people prefer open spaces with fresh air close to nature? Well, that is the importance of the workplace. Yes, we know that everyone is not a painter or artist, but the workplace is equally important for each one of us too. Be it office space in Andheri or even Commercial Office Space in Andheri East. 

Now that you know how important your office space can be, let us see some tips and tricks to make it a place you are looking forward to go to each morning and spend your day. Are you ready? Let us start.

1. Create Your Own Space

With the kind of work and the level of stress, you may need a break or source of comfort. Give a personal touch to your workspace by adding stress-relieving things as per your interest like a Rubik’s cube, a soft smiley ball, a bamboo plant or even a small puzzle. Add things to help you stay refreshed and active throughout the day. While at it, always remember to keep your space cheerful and do not clutter.

Having your own space gives you control and helps you focus better. My personal space in office has a Family Photo frame, personalized calendar, a beautifully designed coffee mug, and even a stationary stand. Every time I look at the photo frame it brings a smile on my face and rejuvenates my mood too. So, add things as per your choice and interest.

2. A setup to impress

The first impression is the best so make sure you make the right impression. Just like Chambers by the Chandak Group. This Commercial Office Space in Andheri East exudes elegance, class, and creativity. It also gives the clients an impression of the high level of quality and confidence. Make sure your workplace is also on the same lines. Set up to impress people who may come in seeking or assigning work and leaving with the confidence of getting things done. It is not as difficult as it may sound. While setting up your office space just follow your heart, you can not go wrong there. 

3. Stay Organized

Let declutter be the mantra. An organized set up is always a welcome sight for self and others as well. Well-organized Office Space in Andheri gives the impression of clarity, planning, and methodical behavior. It is easier to find things, manage resources and get information at the time when it is needed in an organized place. On the other hand, messy and clutter places create an aversion among peers and demotivate people. Can you even imagine working at desk with files, papers and stationary littered on it? A horrible sight. If that is not enough motivation to keep your space decluttered, then let me tell you it has been scientifically proved that clean and clutter-free spaces encourage your creativity which in turn helps in improving productivity. Time to declutter, is it not?

4. Ample Lighting

It is important that any commercial office space in Andheri East should be welcoming, not only to the people inside but also for others. Make sure your workplace is amply lit. Dull places restrict imagination. While lighting is important to make sure it is not too sharp. So, now is the time to pep up your personal space with some lights and make it interesting too. 

5. Go Green 

Green is a soothing color. If you can add some natural greens, that will be the best. Imagine acommercial office space in Andheri east with plants that not only give your office a warm appeal but also is good for the environment. You can try investing for these plants or set up the ones you already have. If you have a team working with you, encourage them to get their saplings. Stay close to nature and breathe fresh daily.

6. Safety

Irrespective of whether you have an Office Space in Andheri or commercial office space in Andheri east safety should be a paramount concern. Make sure that items on the table are not kept at the edges.If you have some machinery around, it should be properly safeguarded and there should always be an emergency exit plan. Ensure your safety and that of others around you. Take precautionary measures to keep your workplace safe from any kind of mishaps and hazards.

All of us spend a major part of our day in the office with friends and colleagues who are like an extended family for us. So, make sure you maintain your workspace just as you would with your home. While designing workplaces eminent Builders like Chandak make sure to have provision for all the needed amenities. 

Spend quality and productive time in the office. Let it be a welcome place where you want to go to each morning. 

All You Wanted To Know About RERA and MahaRERA

With a regulator for real estate transactions in India, the confidence of a buyer for investing has gone up tremendously. It has been a couple of years since the Central Government enacted the model law about real estate transactions. Each state has begun the work on carving out state-specific rules and an act of its own under the RERA umbrella. Such work is still in progress in most States. But Maharashtra’s version of RERA, called the MahaRERA is a pioneer model and is making heads turn. It has set an example for other states to follow. So the next time you set out looking for Apartments in Goregaon West make sure it is registered with MahaRERA. 

What are RERA and MahaRERA?

As per the Real Estate (Regulations and Development) Act 2016, all Indian states are bound to establish a regulatory authority that would deal with any issues arising from real estate market transactions. Such an act in Maharashtra is called the MahaRERA (Maharashtra Real estate Regulatory Authority) and came into effect from May 1, 2017. As per the act, it is mandatory for all new and on-going real estate projects (commercial and residential) to be registered with the real estate regulator. No developer or promoter can sell, book or advertise their projects unless they register and are compliant with norms laid down by MahaRERA. 

What makes it so important?

The purpose of establishing a real estate regulator was to ensure accountability towards property buyers. It protects their interests, ensures transparency in transactions, reduces any delays in project hand-over, and addresses any disputes arising in the real estate sector on a fast track basis. All this ensures boosting investor confidence in the real estate market.

With MahaRERA in force, an individual who intends to buy a property in Maharashtra can view projects online, get access to the current status of the development and their expected date of completion. For instance, if you are looking for a 4 bhk in Goregaon and you decide to check out Stella by the prestigious Chandak group, thanks to the MahaRERA act, you can now get all the information like project type (residential or commercial), status of the project (on-going or completed), expected date of completion, if the project is subject to any litigation, address of the project, FSI details, proposed and sanctioned buildings and the number of flats booked till date. Even the registrations process and fee payment process is online. The website also has information on complaints registering and their resolution.

Why should I as investor care?

The RERA was formed with the buyer’s interest at the forefront.When buying a property in Maharashtra, with the MahaRERA in force, as in investor you have access to all the information you would need to make an informed decision. Furthermore, the Maharashtra regulatory authority uploads details about all the registered projects, all over the State on an online map. This helps the prospective buyers to view all existing projects, even those under construction, and scrutinize the amenities they offer, even before actually having to visit the site. No sort of monetary fraud-related issues can occur as the MahaRERA has laid down stringent guidelines like

• No developer can accept more than 10 % of the cost in advance payment from a buyer unless a sale agreement is registered.

• The promoters would have to pay interest to the buyer for every month of delay of the project. 

• The buyers too are expected to make timely payments.  

The bottom line

With MahaRERA in force, a regulated real estate market proves to be a win-win for all. So now is the perfect time for an ordinary man to fulfill his dream of owning a house in the city of dreams -MUMBAI!!

Goregaon West

Goregaon is one of the most sought-after suburbs in Mumbai and has witnessed mammoth commercialization in the past 2 decades. It offers excellent connectivity and you can reach Mumbai’s prime locations within minutes of a hassle-free commute. It offers its residents a whole lot of social amenities too, thus making apartments in Goregaon West an ideal location for your dream home.

So wait not, look out for 4 Bhk in Goregaon, and make it your new home.

Today, an owner of a 2 Bhk Flat in Goregaon West has it all - plush shopping malls, top-notch entertainment avenues, good educational institutions, first-rate healthcare, and delicious food outlets! Without a doubt, life in Goregaon (W) in Mumbai exemplifies convenience.

Chandak Stella

So, Looking for a 3 Bhk Flats For Sale in Goregaon West? Your search ends at Stella from the Chandak camp! These are one of the most promising 2 Bhk Flat in Goregaon West. The possession is expected by March 2021. It offers all the required amenities that a family is looking for to be able to lead a comfortable life.

So wait no more, with the MahaRERA to protect your interests, this is the perfect time to own Apartments in Goregaon West, one of the most promising suburbs of Mumbai.

WHY MILLENNIALS WILL NOT SETTLE FOR ORDINARY HOMES IN MUMBAI

 

Owning a home is a dream almost everyone has deep down. Most millennials with a stable financial back up prefer to own a home at an early stage rather than waiting for later years. Also, in comparison to the older generations, they have easy access to loan facilities, builder information, and less government formalities which makes it a cakewalk for them to buy Apartments on S.V Road whenever they want.

But here is the catch; it is not so easy for these people such as builders, bankers and government to convince millennials to buy any home. They have so many criterions. Let us see a little more detailed analysis of why we say that millennials do not want to settle for an ordinary home. 

1. Love for Affordable Luxury

Millennials always want their thoughts and lifestyle to be reflected in their homes as they believe in the urbanized concept of living. But at the same time, they are extremely smart and make sure they compare the prices, amenities and builder credibility before making the decision. 

No doubt, millennials get attracted to sale ads such as 2 BHK Flat for Sale in Borivali East or 1 BHK Flat In Borivali East For Sale but they will ensure to check all the nitty-gritty before taking the plunge. They would want affordable luxury and just ample living space.

Chandak Group offers some of the best apartments at an affordable price that can easily match the dream of a millennial. 

2. Living Spaces Enabled With Technology

 

Technology and Millennials are inseparable. They have this constant urge to always remain connected. Well the world has become smart too, from smart phones to smart watches and now smart homes. While choosing Apartments on S.V Road they would expect it to be fully wired with all the modern-day amenities. 

Millennials would also prefer a location that has good mobile coverage and has multiple internet providers to choose from. CCTV cameras, power backup along with gym are some other basic facilities that attract the millennial crowd.

3. Personalized Homes

Everyone wants a home of their dreams with the best amenities, design and features. This is especially true for the millennials who have numerous customization ideas for their homes. Very few builders give you the chance to customize your home. 

When you see an advertisement of a2 BHK Flat for Sale in Borivali East, your first thought might be is it as per your liking, taste or design? If yes, then you should check out Chandak Group project such as Chandak Next which offers Apartments on S.V Road with the choicest customizations as per your need. This feature has helped Chandak Next become the most sought after Apartments on S.V Road. 

4. Modern Infrastructure

Infrastructure is very important. It gives your home a rich and classy look. You may have well bought a 1 BHK Flat In Borivali East For Sale but you can still make it look wow with the right kind of interiors, furnishing etc. Now that is the millennial style. They like to keep it natural and sassy at the same time. 

While the doors and windows allow natural lights, the technology-enabled infrastructure adds to the charm of the house. Add to it the builder provided amenities and your dream home is ready.

Chandak Group is one of the few builders who make sure to provide all the modern-day infrastructure and amenities in almost all their projects irrespective of the size. 

5. Asset

It is no doubt that your property is an asset. Millennials will do a thorough market study and the ROI trends before buying any Apartments on S.V Road. They don’t hesitate to spend an extra amount if they see a proportional return. The real estate market in the commercial city of Mumbai is always a premium investment with higher returns. This is what attracts the millennials.

Millennials make up the biggest chunk of homebuyers in a city like Mumbai. So, the Real Estate Industry is also trying their best to satisfy their needs. At the same time, millennials are also studying and understanding the market situation to help them invest better. With a lot of options available for housing, millennials are spoilt with choices.

Apart from the ones mentioned above, there are also many other factors such as the ambiance, safety, architecture, and the rate of interest that millennials consider while buying a 3 bhk flat in Goregaon West. With most builders trying their best to meet these demands it is clear that the millennials have definitely and positively created more competition in this industry.

Create Iconic Spaces For a Better Working Experience

There is no doubt, a better work atmosphere can create happy employees and positively impact the business profits.Also, the work location plays a vital role in every business. Setting up a perfect Office Space in Andheri involves a lot of research, the office should provide ample space with good designs to help the employees bring out their innovative ideas. 

Why choose Andheri East as your office location 

Andheri East is one of the most popular areas which is also popularly known as the professional hub in Mumbai. The location provides scope for many entrepreneurs to set up their business centres here. Commercial Office Spaces in Andheri East are easily found, however, you need to find the most appropriate space that includes various other factors that keep your business on the right track. 

Andheri East provides easy commutation facilities along with other benefits that ensure the convenience of the employees. The Andheri Railway station is in proximity to these business centres and provides a better travel experience. 

The Chandak Group, one of the most reputed real-estate brands in Mumbai has thought fully come up with CHAMBERS, a business centre strategically located in the heart of the Andheri East. Chambers is one of the best office space in Andheri as it is elegantly designed with modern architecture and facilities that bring in the essence of workmanship amongst the employees to work better. Aesthetically designed lounges, intricately made cabins, impeccable glass doors, and exquisitely crafted office space makes it a luxury paradise to work in.

Benefits of working in a spacious environment.

A large work space is always a feel-good factor for those who work. While it is proven that people can be more innovative and happy in large spaces, here is a list of benefits that come from working in Large spaces for both employees and the organizations.

1. Large spacious work areas bring in more opportunities. 

2. Employees get a chance to think out of the box.

3. Better scope to expand the business.

4. Free from commotion and congestion 

5. And ultimately an increase in production. 

Commercial office spaces in Andheri East has positively impacted the people

Commercial office spaces in Andheri East has witnessed an increase in the business as the location hosts multiple benefits to the workers. From good roads to better connectivity, the place has always been providing comfort to the people. Below are some of the closely connected features that helps the workers to gain better work experience.

1. The Andheri railway station is closely connected to the various business and commercial hubs in Andheri through buses, rickshaw and taxis.

2. The Domestic and International Airport is located in the Andheri region. This enables easy business trips and perfect accommodation for everyone coming in Andheri. 

3. The Western Express Highway is easily accessible from Andheri. 

4. Metro line connects different parts of Andheri to Ghat kopar, which is located in Central Mumbai. 

5. Other civic infrastructures such as hospitals and shopping malls are spread across Andheri, thus enabling a balanced lifestyle of the employees working in that region. 

With all these above features, office space in Andheri is a boon to both the employer and the employees. 

Brings world-class feature to your work space 

Work space can be boring and monotonous, which may impact the business negatively. However, you can bring the changes to your work space by talking to the experts from the Chandak Group, who are specialists in creating a better work space that brings in a lot of fun to work. 

Innovative ideas and creative designs can entirely change the work atmosphere which can transform the entire environment into an excellent place to work. Creative lights, spacious cabins, and many more ideas can be thoughtfully implemented by the team of expert architects from the Chandak Group. 

Create a positive business by enhancing the work location 

So why wait, for better business experience change the entire workplace set up. This will go a long way to improve and enhance your business opportunities. 

About Chandak

With an experience over 30 years, the Chandak Group has successfully delivered more than 4 million square feet of both commercial and residential spaces. They are one of the top-notch real-estate development companies based Builders in Mumbai. Chandak Group delivers creative, stylish, innovative and comfortable spaces at affordable price helping people realize their dreams. 

They have created several luxurious apartments and commercial office spaces that were in great demand amongst buyers and investors. Happy clients and happy families are what the group has earned by providing quality homes with excellent architecture. 

To summarize, the Chandak Group has proudly come up with Chambers, perfect Office Space in Andheri. The Chambers is ideally located in the heart of the city, proving more business opportunities to the entrepreneurs. So why wait? Book your office space at Chambers and feel the positive transformation. 

Top 9 Reasons To Buy An Apartment in Goregaon West

When you are buying apartments or homes, there are a lot of things to be considered. Getting apartments on your own has become pretty easy these days thanks to Banking institutions and real estate developers like Chandak Group.There are certain things that one must consider when they are investing in a property, such as locality, affordability, accessibility, safetyand many more.

Buying a home in Goregaon west can be one of the best things to happen because of the following reasons. In this article, let us quickly check the top 9 reasons to buy Apartments in Goregaon West .

1. Affordable

Most of the apartments built in Goregaon West are made keeping in mind about every class of people. People these days would want to get an apartment instead of getting a plot and then constructing a home. Presently, the 3 Bhk in Goregaon west are pretty affordable to almost all kinds of people. Also, when one is planning to get an apartment one of the most important factors can be the budget and the same has been taken care in all theapartments built by Chandak Group.

2. Latest designs incorporated

The 4 Bhk in Goregaon are very spacious and well-designed using the latest concepts. A lot of people invest in those apartments in Goregaon west that are spacious, appealing and functional. It is always a wise idea to invest in an apartment that is built using the latest styles and design elements because it Is worth the money that is invested and also one would certainly feel happy when everything is not just brand new but, is built using the latest design.

3. Spacious

The 2 Bhk Flat in Goregaon West are spacious for small families and is within budget of many people. These are also one of the few reasons that makes 2 BHK Flat sell like hot potatoes in Goregaon West. Everyone wants to move into a home that is comfortable and spacious. Buying too small homes can make people claustrophobic and most of the people would not like to stay in such homes.

4. Accessibility

Apartments in Goregaon West are pretty much accessible from any part of Mumbai. Goregaon has its own railway station and is near to the airport as well. Not to forget thousands of cars, buses and rickshaw present 24 X 7 for transporting residents from one place to another. This connectivity makes Goregaon the perfect residential place for people looking to buy homes. It is always good to stay at places that can be easily accessible else, traveling itself would end up consuming a lot of time and that may ruin the overall schedule.

5. Facilities and amenities

Newly constructed 2 Bhk Flat in Goregaon West has lot of facilities like parking, swimming pool, garden area, running tracks and gymnasiums which were considered luxuries things few decades back. Many socities these days would have their own super markets too. With all these in-house facilities there arises no need of stepping out of the community at all. Hence, this can be one of the important reasons to invest in the apartments in Goregaon west.

6. Safety

If you are concerned about your family’s safety and looking for 3 Bhk Flats For Sale in Goregaon West then we would recommend Chandak Stella located in Udyog Nagar, Goregaon West. 

Nowadays there are Professional security guards present in the society to protect residents and maintain safety. Also, a lot of cameras would be installed in the pathways and other areas in order to track the safety of the Children and also to keep a tab on unknown people that would come and go. Entry of the all guests would also be registered in order to keep things under control. Hence, this is yet another reason to buy 3 Bhk For Sale in Goregaon West.

 

7. Gated community

There are lots of benefits of living in the Gated community and many apartments in Goregaon westare gated communities. Within Gated community, there is high level of safety, only residents and invited guests are allowed in the society. There will be no pushy salesman bothering you and children can play safely too. Also, society members often gel very well in gated community and there are celebrations every now and then.

8. View is better

Goregaon has greenery everywhere. There are gardens and parks at every corner. The view that you get from your balcony would make you go gaga at times. As you walk into your home after a daylong hectic schedule, it is quite possible to be tired.Coming back to a home that offers a lovely view can be quite an amazing thing to happen. This could be one of the possible reasons for people to choose apartments in Goregaon west. 

9. Everything is close by

When you have a home in Goregaon west, the best schools, colleges, hospitals and supermarket are just a stone’s throw away from here. Hence, you may not have to actually travel too long if you want to buy essentials or if there is a medical emergency. With all these facilities, buying homes in Goregaon can be quite worth it.

When your dream home can be available within your budget with all these amenities,wouldn’t it be an amazing deal? Hence, look no further and start looking for your dream home in Goregaon West.

Pros and Cons of Buying and Renting a Property

Mumbai is the city of dreams. Every person living here has a dream of owning their personal space here. While the Builders in Mumbai such as the Chandak Group offer homes that are affordable to each category and class of people, there always lies a question of whether to rent or to buy a place where we wish to dwell. It is a major decision and there are so many things you need to consider before deciding to take the plunge.

Some people even if they have a lot of savings, prefer to stay in a rented house owing to the flexibility and the kind of amenities they get in a rented house. Meanwhile, certain people think, it's better to buy a house as it's a secured investment for the future and the one they can pass on to their kids. Buying or renting a home is always a debatable topic, where one thing seems to be better than the other.

In this section, we will analyze both the options along with the pros and cons. This will be helpful for you to understand which one would be more suitable for you.

BUYING

Buying a house or becoming the owner of one, gives you intangible benefits such as a pride of owning a house, stability in investment, etc. Though Builders In Mumbai provides various offers, the cost of buying is said to be more when compared to the cheap renting. With a home in your name, you have the choice to decorate and spruce it up as per choice, which is hardly feasible when it comes to rented property.

RENTING

Renting, on the other hand, is like small regular spending with no returns. You stay in someone else’s house and pay them the rent for using his facility as long as you stay there. A rented home does give you the flexibility of moving around especially if your job demands location changes. A recent study shows that millennials prefer to rent a home than buy it.

BUYING A HOUSE

Pros
Let us now see some benefits of buying a house

1. It is an asset: Yes, a home is always an asset for you. You may be paying an EMI but once that is over the house is yours for sure.

2. ROI: A home is a long term investment. Most likely the real estate prices will increase over a period of time. Also, with more developments happening in the area the prices of the property are likely to increase. So, you can expect a higher ROI.

3. Source of income: You can plan to convert your asset into an income as well. Yes, you can rent out the property if needed. It will give you a steady income flow.

4. Tax Benefits: If you have taken a loan for buying a new house, then you can claim some tax benefits too.

5. Choicest Décor: With your own home you are free to make changes in décor and other things which may not always be feasible in a rented home.

Cons
Now let us try to understand some things which hold back people from buying a house

1. Liability: If you are taking a loan for buying a home (most of us would take a bank loan) then loan is a liability for you. Every month you need to spare a big amount towards this liability irrespective of other expenses.

2. Pin down:  Buying a home pins you down to that location. It would be difficult for you to move from that place for work or for any other reasons.

3. Maintenance Responsibility: You are responsible for maintenance and other fixes. You have to run around paying bills and other things.

4. Down Payment:  While buying a house you need to have a lump sum amount ready with you to pay the down payment, registration charges etc. Most builders in Mumbai will have a tie-up with banks for loans but banks would provide only about 80-90% of the property value as loan.

RENTING A HOUSE
Let us now see some details about renting a house. There are a lot of people who would prefer to rent a house over buying it. We will try to understand why.
Pros
1. Flexibility: For many of us the office location may not be fixed. To avoid and reduce the travel time we would prefer to stay close to the office. This flexibility is possible only in the case of rented homes.
2. A new home every time: with a rented home, you get to live in a new home each time you change. With a different set of amenities, neighbors, and locations. It helps beat the monotony of a boring life.
3. Lower housing cost: The monthly rental is normally lower than your EMI.Which means you still have money in hand to spend on other things.
4. No Maintenance Responsibility: Most of the maintenance responsibility would be with the owner who would need to run around paying taxes and take care of other things.

Cons
1. Investment without asset: Even though you pay an amount monthly, you are not gaining any asset.
2. No Tax Incentive: There are no incentives you can claim in 80C and 80D against the interest and principal of your home loan amount.
3. No Fixed Rent: With the change in the rented home, the amount of spending on rent and other amenities will also change. This means your spending budget is not fixed. This can hamper your financial planning in the long run.

Be it a rented house or an owned house, having a home for yourself is always an asset. The reality is that it's only the financial status of a family that can decide if a person can stay in a rented house or get a home for himself. It also includes factors such as your work locality and your EMI repayment capacity. Choose wisely according to your capacity,as owning a home is a lifetime commitment.