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Corporate Office

Metro Group, Plot No. A295, Saheed Nagar, Bhubaneswar - 751007, Odisha, India

Registered Office

Metro Group Orissa Pvt. Ltd., Metro Riverview Complex, Sunshine Field, Ring Road, Cuttack-753002, Odisha, India

Enquiries

+91 90900 48484 info@metrogroup.ind.in

Disclaimer

The information given on the website regarding the company, past experience, current and upcoming projects, except the legal documents, is purely indicative and representational and does not constitute a promise by the company nor does it create any contractual obligation on part of the company. The content herein of upcoming projects describes the conceptual plan to convey the intent & purpose of the projects. The pictorial representations, including that of buildings, towers, facilities, surroundings, color scheme and amenities are artistic impression and are only indicative of the envisaged developments and actual product may differ from what is indicated herein and all dimensions are approximate and are subject to construction variances. Further, the Company/ Architects reserve the right to add/delete any details/specifications/elevations mentioned, if so warranted by the circumstances subject to the applicable laws. The relationship between the Promoter/Developer and the actual customers will be governed strictly by the agreements to be executed from time to time and not on the terms of this website and or any other promotional document. Please refer to the template of Agreement for Sale on RERA Website or approach our sale’s representative available at our office address to know about Promoter’s/Developer’s legal offering and its contractual obligations in respect of purchase of flats/units in the Project(s).

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Financial Dilemma: Should You Buy or Should You Rent a House?

While it was difficult to purchase homes decades ago, it has become much easier to do so, thanks to better financial plans available at our disposal. However, there are several factors at play which must be taken into consideration before investing financially and emotionally in a new home.

1) Financial Backup: When you go to purchase a home, you need at least 40-60 percent of the down payment of the house handy while the other part can be paid through a loan. This not just is expensive, but also is a decision that requires you to have a stable job enough to be able to pay off the EMIs on time. Financial fluctuations can deeply impact your home loan which can create issues in the long run. However, renting a home can be a better option for those who are looking for financial freedom and flexibility.

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2) Opportunity Costs: Even though buying a home is a matter of pride and security for many, this decision also needs to be taken while considering other opportunity costs. So, even if you have the financial ability to afford a home at a given stage of life, that decision must not be at the cost of your child’s education and future. Take into consideration all these financial decisions before investing in purchasing a home. Meanwhile, if you do wish to buy a home in the long run, consider renting for some years and building stability for your family while also saving for the same.

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3) Mobility & Flexibility: If you are someone who likes to travel frequently or has a transferable job, then purchasing and investing heavily in a home makes little sense. Renting a home gives you higher flexibility and mobility in such cases. However, if you are someone looking to set your roots at a particular place and settle down for the rest of your days, then investing in a stable home will be the best bet for you.