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How big or expensive house can you buy in your salary?

We will apply 20-30-40 rule. A 20-year loan. 40% down payment. EMI should be within 30% of your salary.

If your monthly salary is ₹50,000, then according to this calculation, you can spend ₹18 lakhs maximum on a house. In that, you will get a 700 to 900 sq. ft. or 2 bedroom house in Indore, Kolkata, Ahmedabad.

If your monthly salary is ₹1 lakh, then you can buy a house for ₹36 lakhs. In Pune, Hyderabad, Kolkata, a 900 to 1,100 sq. ft. house. The same 2 to 2.5 bedroom.

If your monthly salary is ₹2 lakhs, then you can buy a house for ₹72 lakhs. Outskirts of Bengaluru, Chennai, a 1000 to 1500 sq. ft. 2 to 3 bedroom.

If your monthly salary is ₹5 lakhs, then you can buy a house for ₹1.80 crore. In this, you can include all cities, 1500 to 2500 sq. ft. Depending on the city, it is possible.

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