Buying your dream home is one of life’s biggest milestones and smart budgeting plays an important role. If you’re considering a home at Prithvi Paradise NXT, it’s essential to plan your finances carefully so that your investment journey is smooth, stress-free, and rewarding.
Here’s a detailed guide to help you build a strong financial plan while buying your new home at Prithvi Paradise NXT.
- Start with a Financial Health Check
Before setting your heart on a new home, assess your current financial situation:
Income vs Expenses: List all your monthly incomes and expenses to find your true savings potential.
Outstanding Debts: Consider any existing loans or EMIs that you are already paying.
Credit Score: A healthy CIBIL score (ideally above 750) can help you get a better home loan deal.
Tip: Your monthly EMI for the new home should ideally not exceed 25-30% of your monthly income.
- Fix a Realistic Home Buying Budget
Once you know your finances inside out, it’s time to set a clear budget.
Online EMI calculators help to understand how much loan you can comfortably repay.
Factor in not just the home’s base price but also additional costs (which we’ll cover below).
Experts recommend having at least 20% of the property cost saved up for the down payment.
Remember, budgeting is not just about affordability today but ensuring you can maintain your lifestyle even after taking on a home loan.
- Consider All Additional Costs
While the price tag of your dream home at Prithvi Paradise NXT may look attractive, don’t forget about these extra charges:
Down Payment: 20% of property value (mandatory before loan disbursement).
Stamp Duty & Registration Fees: Typically 5%-7% depending on your location.
GST: Applicable if buying an under-construction property.
Maintenance Deposits: For upkeep of common areas and amenities.
Interiors & Furnishing: Setting up your home to suit your style can cost extra.
Tip: Always add 10-12% extra to your base property cost to cover these expenses.
- Research and Get the Correct Home Loan
All loans are not equal! To fund your Prithvi Paradise NXT home wisely:
Compare interest rates, processing charges, and prepayment facilities from various lenders.
Go for a pre-approved loan to know your budget in black and white.
Select between fixed and floating interest rates depending on your risk appetite.
Also, keep an eye out for festive offers and reduced processing fee seasons, which could save you a lot.
- Plan for the Future
Life is uncertain. Therefore:
Maintain an emergency fund of at least 3–6 months’ worth of your household expenses.
Take a term insurance plan for the same amount as your loan for the security of your family.
Check your budget every year as your income and family needs increase.
- Know the Present Market Situation
As of 2025, India’s real estate market is experiencing a consistent appreciation, with property prices rising at approximately 6.5% per annum.
- Why Prithvi Paradise NXT is a Great Choice
Located in the growing hub of Tathawade, Prithvi Paradise NXT offers thoughtfully designed 2 & 3 BHK homes with modern amenities, excellent connectivity, and promising growth potential.
When you plan your budget well, investing in a property here is a decision you’ll cherish for years to come.
Final Thoughts
By budgeting smartly for your new home at Prithvi Paradise NXT, you’re not just buying a house, you’re securing a better future for you and your loved ones.
