two quotes
When you buy a house, it's not just for living but also for securing your future and making an investment. I recommend that you invest in a house, regardless of its location—be it Bangalore, Mangalore, Mumbai, or elsewhere. The important thing is to consider it as your safety and security. Evaluate what you can afford in terms of EMIs, arrange for a down payment, and commit to a monthly payment plan for the house.”
On being asked whether to buy a house and how much to spend ideally, he answeredThere’s a guideline often quoted, which suggests that the value of the house should ideally be equivalent to five years of your annual income and can be paid off over a 20-year period. For example, if the house is worth ₹1 crore, your annual income should be around ₹20 lakh. This approach provides a practical benchmark for affordability and long-term financial planning.”
He added