This Tenant In Pune Made ₹2cr By Not Buying A Home | The Tenant

moneycontrol
21 Sept 202421:04

Summary

TLDRIn this episode of 'The Tenant,' we visit a family living in a 3-bedroom apartment in Pune's Viman Nagar, a premium, well-connected location. Despite owning multiple properties, the family rents this home for its convenience and proximity to work and amenities. They discuss the decision to rent versus buy, highlighting the financial benefits, freedom, and lifestyle advantages of renting. The episode also explores the challenges of small-town mindsets around renting and the evolving perspective of the family on real estate, personal finance, and living in Pune.

Takeaways

  • 🏡 The family is staying in a rented apartment in Viman Nagar, Pune, despite owning multiple properties, due to its convenient location near work and the airport.
  • 🚶‍♂️ One of the primary reasons for renting in Viman Nagar is the short walking distance to work, saving time on commuting.
  • 👨‍👩‍👧‍👦 The family consists of four members: husband, wife, daughter, and mother-in-law, living in a spacious 1250 sq ft, three-bedroom apartment.
  • 📊 The couple believes renting provides financial freedom and investment opportunities. The husband has doubled the family's financial portfolio from ₹2 crores to ₹4 crores in two years by investing rather than purchasing property.
  • 🏘️ The wife mentioned the initial mindset block of living in a rented home, especially coming from a small town, but exposure to city life and shows like 'The Tenant' helped change their perception.
  • 👶 The living space is toddler-friendly, and the family uses the apartment's open spaces for their daughter's activities and meals.
  • 👩‍🍳 The mother-in-law spends most of her time in the kitchen, cooking homemade meals, as the family prefers to avoid outside food.
  • ✈️ One downside of living in Viman Nagar is the noise from the nearby Pune airport, which has recently expanded with a new terminal serving more domestic and international flights.
  • 🌳 The couple appreciates the quality of life in Pune, enjoying the greenery, space, and slower pace compared to Mumbai.
  • 💰 The family pays ₹42,000 per month in rent with a deposit of ₹120,000, and they plan to continue renting for at least the next two years due to the convenience and financial benefits.

Q & A

  • Why does the family stay on rent despite owning multiple properties?

    -The family stays on rent because the apartment is close to the husband's office, making commuting easier. The location, Viman Nagar, is also well-connected and convenient for travel, particularly to the airport, which is important for the husband's frequent flights.

  • What are some of the key features of the apartment?

    -The apartment is 1250 square feet, with three bedrooms. It has a lot of open space, natural light, and a large kitchen. The apartment's spaciousness and airy nature are highlighted as important features.

  • How did the family react to moving into a rented apartment?

    -Initially, there was resistance, especially from the mother, due to traditional mindsets favoring property ownership. However, the husband convinced the family by showing the benefits of convenience, reduced commute time, and financial flexibility from not investing in real estate.

  • What role did 'The Tenant Show' on YouTube play in changing the family's mindset about renting?

    -Watching 'The Tenant Show' helped the family, especially the mother, to see how other people also rent properties despite having the means to own homes. This exposure helped broaden their perspective on renting versus buying.

  • What is the family's favorite part of the house?

    -The living room is the most used part of the house, especially for their toddler who spends a lot of time there. The husband enjoys sitting on the L-shaped sofa to relax or watch TV.

  • What did the husband consider the biggest benefit of living on rent instead of buying?

    -The husband emphasized the financial benefits of renting, explaining that the money saved on buying property was instead invested in financial markets, which saw significant growth over two years. This allowed their family's portfolio to grow substantially.

  • How did the mother's opinion about renting change after living in Viman Nagar?

    -The mother initially struggled with the idea of renting but gradually became more comfortable as she enjoyed the freedom and convenience of living in Viman Nagar, where everything is walkable and easily accessible.

  • What is one downside of the apartment's location in Viman Nagar?

    -One downside is the noise from the nearby airport, with frequent airplane noise throughout the day and night. However, the family also takes pride in the new terminal that recently opened at Pune Airport.

  • What future plans do the couple have regarding property ownership?

    -The couple plans to continue renting for the next two years and is not in a hurry to buy a home. They appreciate the flexibility and financial freedom that renting currently provides them.

  • How much rent does the family pay for the apartment?

    -The family pays ₹42,000 per month for the apartment, with a deposit of ₹120,000, equivalent to three months' rent.

Outlines

00:00

🏠 Introduction to the Tenant Family in Viman Nagar

The episode introduces the host in Viman Nagar, Pune, a premium location. The tenant is a family that owns multiple properties but still chooses to rent. The host meets the family—Rahul and his wife Rupal—who explain that they stay in this rented 1250 square foot, three-bedroom apartment due to its proximity to Rahul's work. Despite owning homes elsewhere, they prefer renting for convenience and location.

05:01

🔍 Why a Family that Owns Multiple Homes Chooses to Rent

Rahul explains that even though they own multiple homes, they rent because the location is close to his office and the airport, which he frequently uses. They prefer Pune’s slower pace compared to Mumbai, which influenced their decision to settle here. Initially, both Rahul and his mother struggled with the idea of renting due to their small-town roots, where owning homes is considered essential. Over time, they accepted it, largely due to the benefits of convenience and proximity to work.

10:02

🎥 Impact of Watching 'The Tenant' Show and Mindset Shift

Rahul describes how watching episodes of 'The Tenant' show on YouTube helped change their mindset about renting. Seeing other tenants paying significant amounts for rent in cities like Mumbai made them realize that renting can offer freedom. The couple talks about how they’ve adapted to this lifestyle, with their toddler having plenty of space to play in their spacious living area and their kitchen being central to family life. Despite initial resistance from Rupal's mother, they’ve come to appreciate the benefits of renting.

15:04

🚪 Tour of the Apartment and Family Adjustments

The host is given a tour of the apartment, starting with the common bathroom and the largest bedroom, which is used by Rahul’s mother. They chose this apartment for its spaciousness, natural light, and storage capacity. Rupal shares how the family had to adjust from their previous home, which had modern amenities, to this slightly older apartment. The apartment’s family-friendly environment and proximity to conveniences have made it easier for them, especially with their young child.

20:05

📈 Financial Strategy: Renting Over Buying

Rahul shares his financial rationale for renting rather than buying. By not tying up money in a home purchase, they’ve been able to grow their financial assets significantly, doubling their portfolio in two years. Rahul explains that had they bought this apartment, they would have missed out on substantial gains in the stock market. His mother now understands and supports this decision as she sees the financial benefits of investing rather than owning a home in this location.

💻 The Work-from-Home Setup and Challenges

The couple's third bedroom serves as a home office, where both Rahul and Rupal work remotely at times. While they appreciate the setup, it occasionally becomes inconvenient when both are on calls simultaneously, forcing one of them to relocate. They discuss the city’s infrastructure challenges, such as delayed airport development and minimal metro lines, but they’ve grown to appreciate Pune’s natural advantages, such as its climate, despite these man-made issues.

📊 Renting Costs and Future Plans

Rahul and Rupal reveal that they pay ₹42,000 per month in rent, with a deposit of ₹1,20,000. Initially, Rupal's mother was shocked by the rent amount, but they’ve since grown accustomed to it. Despite the option to buy a home in the future, they are content with renting for at least the next two years due to the flexibility and financial freedom it provides. They plan to continue living in Viman Nagar until their daughter starts school, at which point they may reconsider buying.

🚆 Report Card: Evaluating Viman Nagar’s Connectivity and Lifestyle

The episode concludes with an assessment of Viman Nagar as a premium location, well-connected to Pune’s major hubs like Kharadi and Kalani Nagar. While metro connectivity is just starting and the railway station is relatively close, the area offers a vibrant lifestyle with cafes, schools, and other amenities. Despite its limited building amenities, the area is appealing to those who are willing to pay for convenience and want to be near Pune's economic activity.

Mindmap

Keywords

💡Renting

Renting is a recurring theme in the video, focusing on why a family chooses to live in a rental property despite owning multiple homes. This choice relates to factors like convenience, location, and lifestyle. The family's decision to rent a 3-bedroom apartment in a premium location, Viman Nagar in Pune, emphasizes the flexibility and advantages that renting offers in terms of work commute and quality of life.

💡Viman Nagar

Viman Nagar is a premium location in Pune, highlighted in the video as a desirable place to live due to its connectivity to major economic hubs, proximity to the airport, and vibrant lifestyle. The family in the video chose this neighborhood because of its convenient location, which allows them to be close to work and enjoy a range of amenities.

💡Quality of Life

The concept of quality of life is central to the family's decision to rent in Pune rather than owning a home in another city. The video illustrates how the family prefers Pune's slower pace, greenery, and spaciousness compared to Mumbai, emphasizing that quality of life can be a significant factor in choosing where to live, beyond just financial considerations.

💡Investment Strategy

Investment strategy is discussed in the context of the family's decision to rent instead of buying a new property. The husband explains how renting allows them to invest their savings in financial markets, which yielded significant returns over two years. This demonstrates a strategic approach to wealth building, where renting can be a financially savvy choice if investments are managed effectively.

💡Commuting

Commuting plays a crucial role in the family's decision to move to a rented apartment in Viman Nagar. The video mentions how the husband's long commute from their previous home was a major reason for moving closer to work. This reflects how commuting time can significantly impact one's lifestyle and work-life balance, making location a critical factor in choosing a home.

💡Airport Proximity

The proximity to Pune Airport is highlighted as a key advantage of living in Viman Nagar. The family's frequent need to travel made this location ideal, as it saves time and adds convenience. However, the downside of airplane noise is also mentioned, showing that even highly convenient locations can have trade-offs.

💡Generational Mindset

The video touches on the generational mindset regarding homeownership, with the family's older members initially struggling to accept the idea of renting. The mother’s preference for owning property reflects a traditional view, while the younger generation demonstrates a more flexible, investment-focused approach, illustrating the evolving perspectives on home and wealth in modern society.

💡Amenities

Amenities are discussed as a significant factor in choosing a home. Although the family's apartment lacks certain modern features, the location offers a wealth of nearby amenities, making up for this deficiency. The trade-off between having amenities within an apartment versus access to them in the neighborhood is a key consideration in the video.

💡Financial Growth

Financial growth is a theme emphasized through the family's experience of doubling their investment portfolio over two years by choosing to rent and invest in financial markets. This concept challenges the traditional notion that buying a home is the ultimate financial goal, suggesting that strategic investments can yield greater financial security and growth.

💡Pune Infrastructure

Pune's infrastructure is a topic of discussion, with the family expressing mixed feelings about it. While they appreciate the newly developed airport terminal and metro connectivity, they also acknowledge the city's ongoing infrastructure challenges. This reflects how infrastructure development can significantly impact the desirability and livability of a location.

Highlights

Introduction of Viman Nagar as a premium location in Pune.

Family owns multiple properties but chooses to stay on rent for convenience and proximity to work.

The apartment is a spacious 1250 sq. ft. 3-bedroom unit with a lot of natural light and air.

The family consists of four members: husband, wife, mother-in-law, and toddler.

One major reason for staying on rent is the close proximity to the husband's office, which is within walking distance.

Mother-in-law initially had reservations about renting, coming from a traditional mindset where owning property was prioritized.

The Tenant Show on YouTube helped change the mother-in-law's mindset regarding renting, showing that many people pay high rents in premium areas.

The toddler's favorite spot in the house is the living room, which has seen her growth from crawling to running.

The kitchen is a central space, especially for the mother-in-law, who prefers cooking everything from scratch and avoids outside food.

The apartment was chosen without prior family approval, which initially caused some resistance but was later accepted.

The family enjoys the convenience of Viman Nagar, where everything is walkable, including cafes, malls, and the airport.

A key drawback of living in the area is the noise from the nearby airport, which has become busier with a new terminal.

Financially, the husband prefers renting and investing in the stock market, which has doubled the family's portfolio in two years.

The apartment's rent is INR 42,000 per month with a deposit of INR 1.2 lakhs, which initially shocked the mother.

The family plans to stay on rent for the next two years, enjoying the flexibility and convenience of the location before considering buying a home.

Transcripts

play00:01

[Music]

play00:19

[Music]

play00:30

in today's episode of the tenant I'm in

play00:31

Pune in Pune I'm in viman nagar a

play00:34

premium location that's well connected

play00:36

to the major economic hubs of the city

play00:38

our tenant today is a family that owns

play00:41

multiple properties but still stays on

play00:43

rent why do they do that what works and

play00:46

what doesn't let's meet

play00:50

[Music]

play00:55

them hey hi R good to see you hi good to

play00:59

see you welcome to my home okay this

play01:02

looks big oh yeah uh meet my wife rup hi

play01:07

rup okay so firstly how big is this

play01:09

apartment uh we talking about okay so

play01:12

I'll take that question so it's around

play01:14

1250 ft and three-bedroom apartment and

play01:18

as you can see it's a huge huge

play01:20

apartment open space all around Airy and

play01:23

light okay so yeah mean 1250 ft for

play01:26

someone coming from Mumbai is Big yeah

play01:29

okay how many how many people stay here

play01:31

so it's just the four of us uh my

play01:32

husband me uh my mother-in-law and my

play01:35

daughter okay so four of you so tell me

play01:37

one

play01:38

thing why is it

play01:41

ke a family that owns homes multiple

play01:44

homes actually why are you staying on

play01:47

rent so V multiple reasons so actually I

play01:50

own homes uh in multiple places let's

play01:52

say in Pune as well I have oneart one

play01:54

home but uh so basically this is close

play01:58

to my work so I walked down to my office

play02:01

right close to airport uh I keep uh you

play02:04

know flying once in every month at least

play02:06

right and lot of good uh EES are here

play02:10

it's kind of a you can say one of the

play02:12

top five you know places to live in Pune

play02:15

okay the man nagar one of the top five

play02:16

places of why are you in Pune rul

play02:20

orup

play02:23

so so I was in Mumbai when I started my

play02:26

career then moved to us and then us to

play02:31

uh I just booked one apartment in Pune

play02:33

because uh when I was coming back I

play02:36

thought where I want to get settled uh

play02:39

should be you know very uh not like very

play02:43

fast running like Mumbai so quality of

play02:45

life in Pune what I uh prefer is much

play02:48

better which I feel in from Mumbai space

play02:51

c greeny like so that's why and my job

play02:55

was in Pune and in Pune V managar

play02:57

because it's close to your office yes so

play02:59

so viaga we moved to this apartment uh

play03:02

around 2 years ago before that I was

play03:04

living in my own apartment which is in

play03:05

other side of the town in hinwar so tell

play03:08

me you know I've I've always had this

play03:10

question uh in my mind whenever I talk

play03:13

to people renting who come from you know

play03:16

tier 2 tier three tier four

play03:28

cities uh is is that a challenge that

play03:31

someone like you faced absolutely so I

play03:33

also come from a small town you can call

play03:36

it tier four or tier five kind of town

play03:38

in Mad Pradesh I I grew up there

play03:43

and and we already own home there right

play03:46

our Legacy home my grandfather lived

play03:47

there father lived there right so when

play03:49

we came to Pune and then I we had our

play03:51

own apartment so we used to live there

play03:54

but viman nagar move because of my

play03:56

office and other things so that was the

play03:58

first you know mental block at least my

play04:00

mother had I also had up to some level

play04:03

but you know since I'm exposed to you

play04:05

know these things so my mother was

play04:08

like just you know try to buy something

play04:11

some property sell something in our you

play04:13

know Hometown and buy something and then

play04:15

we move it

play04:17

there how did you convince

play04:20

her me no specifically not me but it was

play04:23

him who convinced because he told that

play04:26

how the commute that was terrible for

play04:29

him at least it took one and a half hour

play04:31

for him to reach from his office to back

play04:33

back to H one way and she was seeing me

play04:35

she was just sitting on the you know

play04:37

with me on the seat and car seat and

play04:40

then um she was seeing all the hustles I

play04:42

was going through right and pun you know

play04:44

how people drive so I've seen that I've

play04:47

seen that too many too too many bikers

play04:50

and I I think one out of 10 wear a

play04:52

helmet oh yeah yeah in in in good

play04:56

casee right so and and one more

play04:59

interesting thing that that broaden my

play05:01

mindset actually and my mother's as well

play05:02

the same time this U the tenant show on

play05:05

YouTube it somehow came on my wall I was

play05:07

searching something on Google some no

play05:09

broke or something and it came on my

play05:10

wall and then I started watching you

play05:13

know I I remember the the episode I

play05:16

think you did it in uh Mumbai loas

play05:20

apartment somewhere and the three

play05:23

bedroom apartment the tenant took uh you

play05:26

know monthly rent of

play05:28

130,000 that was a rent he was paying

play05:31

and that Blown Away my mind because my

play05:33

monthly expense is not like that you

play05:34

know it's below little below 130,000 you

play05:37

know and then I you know uh explained

play05:40

that to my mother

play05:41

that and they were like quite happy like

play05:43

enjoying Freedom right that episode I

play05:45

saw and I started watching more episod

play05:48

you know older episodes and then telling

play05:50

her

play05:51

that and then she started realizing

play05:53

otherwise she used to

play05:58

think okay regarding this house 1250 ft

play06:03

three bedroom four people uh what part

play06:05

of this house gets used the most you all

play06:08

spend most of your time which part so

play06:10

this of course would have to be the part

play06:12

that we that we use the most because our

play06:14

toddler she's like two now right now

play06:17

when we moved here she was 6 months

play06:19

crawling so from her crawling till now

play06:22

when she's running around this house has

play06:24

actually seen it all so this is the

play06:27

space especially these two corners where

play06:29

she has her meals so it's just a

play06:32

blessings for uh has been a blessing for

play06:35

all of us so this is her Zone yeah this

play06:37

is her Zone completely see you can see

play06:39

it from all the bikes that she has all

play06:41

her toys and everything that that are

play06:43

kept

play06:45

here for me I'll tell you that corner

play06:47

yeah that's why I bought this L shaped

play06:50

sofa I just quite sit there and you know

play06:52

watch TV many times sorry just scrolling

play06:54

my phone and kitchen this looks big oh

play06:57

yeah it is quite big uh this is my you

play07:00

can call it this is my mother's ad she

play07:03

she loves cooking she makes everything

play07:04

from scratch she doesn't eat outside

play07:06

food so we all you know eat very less

play07:08

outside Foods so she's always you know

play07:11

most of the time she spends here she

play07:12

love them so tell me when she saw this

play07:15

house uh was she in sink one is that

play07:19

mindset of no Red two is when you got

play07:22

her over here Washi is satisfied with

play07:24

this

play07:25

house okay that is another story so we

play07:28

when Rahul booked this house I mean uh

play07:30

signed the lease he just brought us here

play07:33

and said this I have signed the lease

play07:34

now make peace with it kind of thing and

play07:37

this of course uh is a little dated uh

play07:39

apartment so uh the modular kitchen is

play07:41

not modular modular as per our today's

play07:43

SS and where we had our home that was

play07:46

our home we like we had the all topof

play07:49

the line amenities we had all the new

play07:51

Furnitures and everything so yeah it was

play07:54

kind of like a okay we'll gulp it but we

play07:57

took it with a grain of salt and in a

play07:59

week or so we we just could not get much

play08:02

of like more but but then rul strategy

play08:04

was instead of asking for approval

play08:06

announc it and then force people to

play08:08

accept it was there a blockade in your

play08:10

head as well uh of course when where I

play08:12

come from I also come from a joint

play08:14

family in a tier two tier three City

play08:16

basically

play08:18

and so generational homes are there so

play08:21

it was it took a little mindset shift

play08:23

but then of course he did a good job at

play08:25

that so trump card was making sure that

play08:28

they come and drive once to your office

play08:30

that was a first trump card second Trum

play08:32

card was just you know exposing them to

play08:35

how other people think about renting

play08:36

true and then again I will like take the

play08:39

name the tenant show right which I keep

play08:41

watching I never missed a single episode

play08:42

nowadays I'm you know a little slowing

play08:44

down on it but still initially and for

play08:47

her for my mother you know it was like a

play08:49

blessing for me that to change that

play08:51

mindset so once once you all saw that

play08:53

people spend 1 lakh 2 lakh 3 lakh 5 LH

play08:57

on rent then you open your mind to

play08:58

definitely definitely it was we not even

play09:02

in the Wildest Dream we could imagine

play09:04

somebody paying so much of an amount in

play09:06

rent monthly so that was

play09:09

something mind when you first saw like

play09:12

you know two and a half lakh rupes three

play09:14

lakh rupes which which have appeared on

play09:16

my show uh what do you think

play09:19

P I was

play09:22

like what kind of money are they

play09:25

spending on

play09:26

it traditional Minds why are they

play09:30

spending it on uh the rents yeah mostly

play09:33

people

play09:36

think and I am like always very

play09:38

mathematical less emotional

play09:41

person

play09:44

rental and I can grow my investment like

play09:46

around let's say 15% or so then why to

play09:50

you know just shed that money out okay

play09:52

Fair Point Fair Point okay so this

play09:54

covers your living room your dining room

play09:56

and your balcony which is your toddler's

play09:59

dent

play10:00

uh up ahead will be the bedrooms right

play10:02

yes

play10:03

sure so V we have uh this is the common

play10:06

bath washroom see

play10:09

this yeah respectable size yeah it's is

play10:13

decent but uh this room this is my

play10:15

mother's room okay actually so here we

play10:17

have the biggest uh uh restroom actually

play10:21

so you can see it here this is the

play10:22

biggest this

play10:26

one wow yeah this is

play10:30

I'm of the home sizes that you guys live

play10:33

in over here so that's why I told you

play10:34

one of the reason for moving to Mumbai

play10:35

not moving to Pune sorry not staying in

play10:37

Mumbai was this was the biggest reason

play10:40

and you can see this is very airy so my

play10:41

mother you know she's UH 60 now so she

play10:45

loves the natural light when you are

play10:47

looking for this apartment when you you

play10:49

chose nagar

play10:59

uh

play11:02

filter yes kind of yes

play11:06

uh but we have there's a lot and lot of

play11:09

buildings here uh which we had to filter

play11:13

down because and we found this the best

play11:16

this is all more family friendly if you

play11:18

can say with the toddler coming in with

play11:20

the toddler they need a lot of uh

play11:22

children to play around and things like

play11:24

that and space and things like that so

play11:26

that's why we chose this because I mean

play11:28

of course he chose this but it came into

play11:30

our radar because I think I think I

play11:31

think she I think she after 3 years

play11:33

she's suing over that over yeah he chose

play11:35

it so because yeah so but this stand out

play11:39

because uh it's a lot of families

play11:42

families uh live here and that has been

play11:44

very good for us uh especially with the

play11:46

toddler okay and lots of storage space

play11:48

over here I can see that was the one of

play11:50

the reason also you know when I saw this

play11:52

apartment first time and lot of fixed

play11:54

storage for there because we need

play11:56

everything you know inside so you will

play11:58

see there a minimalistic kind of home

play12:00

only required things are you know

play12:02

outside so this covers the first bedroom

play12:04

your mother's bedroom uh this will be

play12:07

what your bedroom this is my bedroom yes

play12:09

okay so again uh decent bedroom size and

play12:12

you see again lot of uh natural light

play12:15

and storage you see so this bed and alir

play12:18

everything and this is the bathroom Okay

play12:19

me show

play12:20

you this is

play12:23

uh I think decent size bathroom ATT tach

play12:27

okay yeah this is a more than decent

play12:29

size bathroom are there some things

play12:31

about this location that that don't

play12:34

really work at all like you know just

play12:36

when I came over here uh I saw it seems

play12:38

like a vibrant area uh there was some

play12:40

good cafes uh that on the way there

play12:43

educational

play12:45

institution uh what's lacking every

play12:48

location has something that is missing

play12:50

what's the lacking thing over here so

play12:52

one thing constantly I mean it does not

play12:53

bother much but nowadays because so this

play12:56

is close to airport so a lot of uh you

play12:58

know noise

play12:59

plane you know airplane noise you know

play13:01

we see throughout the day sometimes in

play13:03

night as well because lot of uh private

play13:06

jets and army jets also there so that's

play13:08

one thing uh which we started noticing

play13:10

more but but then Pune airport is a is

play13:13

is a fairly busy airport you're saying

play13:14

that huh it became now you know it it

play13:17

was not that busy but I I don't know if

play13:19

you are aware that there's a new

play13:20

terminal open in the Pune airport it's a

play13:22

huge terminal right all of us I mean

play13:24

both of us take lot of pride in that you

play13:26

know we live close in this new terminal

play13:33

completed and you know now there are

play13:35

like around 20 two destinations within

play13:39

India domestic flights pun serves and

play13:41

two International destinations as well

play13:43

uh Singapore and Dubai yeah sing a lot

play13:45

of young energy young Vibe a lot of

play13:48

people you can everything is uh you can

play13:50

walk to every possible thing whatever

play13:53

you want to eat to uh visit a mall also

play13:57

it's just something that you can just

play13:59

go and do it so has all of this managed

play14:02

to persuade your mother your decision

play14:05

right

play14:06

decision would you say that she's come

play14:09

around to your point of view or uh she's

play14:12

still as distant as she

play14:14

was so she is little confused now

play14:16

because she likes B managa now a lot

play14:18

okay everything is walkable so she's not

play14:20

dependent on me or you know her to you

play14:21

know take her drive her to somewhere she

play14:23

can walk and find anything here right so

play14:25

that's so she enjoys that kind of

play14:27

freedom but

play14:29

sometimes she's

play14:35

like she still not bought into that no

play14:38

so Financial

play14:42

maem again 4% rental we are living and I

play14:46

am uh on Personal Finance side right I'm

play14:49

managing investment in markets right

play14:51

through mutual funds and direct stocks

play14:54

uh and other instruments so I can

play14:56

perfectly see that you know that working

play14:58

well for me so I can give you one small

play15:00

example right so before moving on rent 2

play15:03

years ago with this apartment uh entire

play15:07

Financial assets of my family you know

play15:09

the size was close to

play15:11

2C and now in last 2 years than got to

play15:15

Market they perform really well and we

play15:16

in the bull market place phase so so

play15:19

that two CR family portfolio became

play15:23

around you know uh close to 4C so I I

play15:27

think like that right so if so this

play15:30

apartment you know cost around if I want

play15:33

to buy it around 1.4 to 1.5 CR if I

play15:37

would have taken that call if I would I

play15:39

would have bought this kind of apartment

play15:41

in bman nagar 2 years ago I would have

play15:43

sheded out lot of my portfolio value

play15:46

right and compounding last years so now

play15:50

I'm sitting on that particular gain I

play15:52

can go ahead and buy this apartment you

play15:54

know right away as today's moment still

play15:56

I will have that amount just by the

play15:57

incremental gain you made in the last 2

play15:59

to 3 years

play16:02

absolutely you communicated that to your

play16:04

motheres shees she does she recognized

play16:07

that maybe maybe the call was right oh

play16:10

yeah yeah so that's was one of the

play16:12

reason now she's comfortable than the

play16:14

previous you know and like she was not

play16:16

before so yeah so she understand that

play16:19

but she's

play16:23

like so so she understand the market

play16:26

correction in a way okay fair point so

play16:29

basically the stock market and this

play16:31

entire wealth creation that's happened

play16:33

that has made many people believe that

play16:36

renting versus buying battle May the

play16:39

battle should be won by rent uh yes uh

play16:42

major majorly okay this covers the

play16:44

second bedroom up ahead will be the

play16:46

third bedroom the third bedroom

play16:49

yes so V this is uh the third bedroom

play16:52

it's kind of our office work from home

play16:55

setup as you can see right both of us so

play16:57

I usually work from office 4 days in a

play16:59

week and she's uh working from home most

play17:02

of the time so this works well for us

play17:04

okay right right next to each other H

play17:06

yeah is is that

play17:08

inconvenient like just when call it's

play17:11

disturbing her and vice versa it becomes

play17:13

inconvenient sometimes when we both are

play17:15

on the call at the same time so I move

play17:16

to some other room or maybe I go to

play17:19

office you know if there's some

play17:20

important call uh this place if you were

play17:22

to tell me the one big weakness of this

play17:25

house this location Pune in general what

play17:27

would you tell me one of the running

play17:29

running jokes in in Mumbai about Pune is

play17:31

that is that the only infrastructure

play17:32

development we hear about Pune is is the

play17:34

action on the airport which never

play17:35

happens oh yeah that's what I'm saying

play17:38

the the new terminal of airport when

play17:39

when I saw first time I last month I I

play17:42

think it got open and I was traveling to

play17:43

Delhi and the moment they asked me to go

play17:46

to new terminal and I saw this I just

play17:48

called her video

play17:50

call and when I came back I took my

play17:54

mom similarly when we saw the metro

play17:57

running from this there's only one line

play17:59

that's running two lines actually and

play18:01

then we saw it actually running and we

play18:03

were like oh finally our our daughter

play18:06

can see this otherwise we were not

play18:07

hopeful at all so so basically both of

play18:10

you all have have have more or less

play18:12

given up hope on Puna infrastructure

play18:13

right infra part yeah but we like the

play18:16

weather oh yeah I mean now we are used

play18:18

to so so basically Puna strength are

play18:21

natural paa's problems areally man-made

play18:24

no uh you can say very well very well

play18:26

said very well put okay so tell me for

play18:28

all of this uh how much uh money are you

play18:30

paying how much rent are you paying for

play18:31

this so for this we are paying uh 42,000

play18:34

per month as a rent Okay and like you

play18:37

said at the start your mom was shocked

play18:39

with this amount uh how much deposit

play18:41

does this take uh this took around uh 1

play18:45

120,000 yeah deposit 3 months rent okay

play18:49

what next for you both

play18:51

plan uh renting only or you're tilting a

play18:56

bit now towards buy after your mother

play18:57

has told you

play19:01

I think for next two years I'm not

play19:03

thinking about buying a home so lot of

play19:06

exas to it

play19:08

so

play19:10

and but we'll buy at some point but I'm

play19:13

not in hurry of doing that are you in a

play19:14

hurry no not at all not at all the the

play19:18

power of convenience and freedom that we

play19:20

have currently and especially now

play19:23

currently our daughter is also not going

play19:24

to school at the moment so until unless

play19:26

we don't have to fix a school for her

play19:29

and education becomes like that Hefty

play19:31

then until then if since we have that

play19:33

freedom we want to enjoy that okay so

play19:35

basically the plan is uh be in Pune be

play19:38

in viman nagar and be on rent absolutely

play19:41

okay on that note Rahul and Rupal thank

play19:42

you for coming on the tenant thanks for

play19:44

and uh from a small town to Pune but I

play19:47

think evolved greatly in financial

play19:49

thought yeah good luck thank you thank

play19:51

you thank

play19:54

you time for the report card this is a

play19:56

reasonably spacious 3bq apart Department

play19:59

in a building with some degree of

play20:00

amenities location this is viman nagar

play20:03

this is a premium location very well

play20:05

connected to the major economic hubs

play20:06

from karadi to Kalani nagar connectivity

play20:09

Metro connectivity has just commenced

play20:11

the railway station that's about 8 km

play20:13

away bus network is reasonably steady

play20:16

all in all if you're a person that is

play20:17

willing to pay a handsome budget wants

play20:19

to be around the action in Pune uh is

play20:23

okay with the building without amenities

play20:25

this is sort of location and project

play20:27

that can be considered are looking for

play20:29

the perfect home stop looking around

play20:31

scan the QR code and explore from

play20:33

thousands of rental properties read

play20:35

resident reviews and make an informed

play20:38

decision with 99acres.com

play20:41

[Music]

Rate This

5.0 / 5 (0 votes)

関連タグ
Real EstateRenting vs BuyingPune LifestyleFamily LivingFinancial PlanningViman NagarApartment TourWork-Life BalanceHome ChoicesUrban Living
英語で要約が必要ですか?