ilmscore | Can you AFFORD it?! A HOUSE in GK2! | Ankur Warikoo #shorts

Can you AFFORD it?! A HOUSE in GK2! | Ankur Warikoo #shorts

Published: 2024-06-20
Status: Available | Analyzed

Predictions from this Video

Total: 4
Correct: 0
Incorrect: 0
Pending: 4
Unrated: 0
Prediction
Topic
Status
A 2000 sq ft house in GK 2, Delhi will cost approximately 4 crore 60 lakh.
"If you have to buy a 2000 sq ft house in GK 2 area of ​​Delhi, then it would cost approximately Rs. 4 crore 60 lakh."
Real Estate
Pending
A 40% down payment for a 4 crore 60 lakh house would be 1 crore 80 lakh.
"According to the 2030 40 rule, let us see how much income should be there for this. Firstly, there should be a down payment of 40%, which means you should already have around Rs. 1 crore 80 lakh."
Real Estate
Pending
A 20-year loan at 10% interest for the remaining 2 crore 80 lakh (4.6 crore - 1.8 crore) will result in a monthly EMI of approximately ₹ 48000.
"We will take a loan of 20 years. The interest will be 10%. The monthly EMI will be around ₹ 48000."
Real Estate
Pending
A minimum monthly salary of ₹ 82000 is required for the EMI to be within 30% of the total salary.
"Now this EMI should be within 30% of your total salary, which means your monthly salary should be 82000 minimum."
Income
Pending