Because of these fears, they continued paying ₹25,000 a month in rent—effectively paying off their landlord's mortgage. It wasn't until they sat down with a financial advisor that they realized the rules of real estate have drastically changed in 2026. Let’s uncover the reality behind the myths that are keeping you from owning your dream home.
"Renting is always cheaper and financially smarter than buying."
Rent is subject to arbitrary 10% hikes every 11 months. Over a 10-year period, a ₹25,000 monthly rent quickly snowballs into an outflow of over ₹45 Lakhs—with absolutely zero asset ownership to show for it.
Conversely, your Home Loan EMI remains largely static. More importantly, every EMI payment deposits money into your "Home Equity" account. Paired with government subsidies—like the ability to deduct up to ₹2 Lakhs on interest under Section 24(b)—buying a home becomes a powerful wealth-creation tool. Read our full mathematical breakdown in our Renting vs. Owning Guide.
"You need to save 20% to 30% in cash for a down payment."
Under current RBI guidelines, banks can fund up to 90% of the property value for loans under ₹30 Lakhs, and up to 80% for loans between ₹30 Lakhs and ₹75 Lakhs.
EPF Withdrawals
If you have worked for 5+ years, the EPFO allows you to withdraw up to 90% of your corpus specifically to purchase a home. It's your own money, tax-free.
Asset-Backed Loans
Instead of breaking your Mutual Funds or FDs, take a low-interest overdraft against them to fund the down payment while your investments continue to grow.
For a complete playbook, read our guide on How to Fund Your Down Payment in 2026.
"You need a massive salary and a perfect 800+ credit score."
While an 800+ CIBIL score will get you the lowest advertised interest rate (which is highly beneficial given the current low RBI repo rates), it is not a strict requirement for approval.
If your individual salary does not meet the bank's FOIR (Fixed Obligation to Income Ratio) limits, you can add your working spouse, parent, or sibling as a co-applicant. The bank will combine both your incomes, drastically increasing your loan eligibility and allowing you to afford a premium 2 BHK instead of settling for a smaller unit.
"Under-construction properties are a scam. Only buy ready-to-move."
A decade ago, buying under-construction was risky. Today, MahaRERA mandates that developers deposit 70% of buyer funds into a dedicated Escrow account that can only be used for construction.
| Feature | Under-Construction (RERA) | Ready-to-Move |
|---|---|---|
| Purchase Price | 15-20% Cheaper | Premium pricing |
| Payment Flexibility | Construction-Linked (Pay as they build) | 100% upfront payment required |
| Choice of Inventory | Pick your ideal floor & view | Leftover, limited options |
Furthermore, buying under-construction in a rapidly developing corridor like Kalyan allows you to lock in low prices before Metro Line 5 officially launches and drives prices up. Always ensure your builder is compliant by following our RERA Verification Guide.
Frequently Asked Questions
Clear answers to your remaining homebuying doubts.
Yes, which is why transparency from your builder is critical. Beyond the base property cost, you must budget for Stamp Duty, Registration Fees, GST (if under-construction), and advance society maintenance. Read our complete guide on identifying hidden real estate costs.
If your documents (ITR, Salary Slips, KYC) are in order and your CIBIL score is healthy, most major banks will process and issue a sanction letter within 7 to 15 working days. Sonawane Group provides in-house assistance to expedite this process for our buyers.
This is an outdated myth. With the upcoming Metro Line 5, the Airoli-Katai freeway, and the new Ring Road, Kalyan has evolved into a highly connected Smart City. You can read the exact commute times and data in our 2026 Thane-Kalyan Growth Corridor Report.
Don't Let Myths Delay Your Future
The real estate market moves fast, and waiting for the "perfect" time based on outdated advice will only cost you more money. By understanding the reality of modern home financing, RERA protections, and infrastructure growth, you can make an empowered, highly profitable investment today.
Ready to Transition from Renter to Owner?
Explore Sonawane Group's premium, affordable luxury projects in Kalyan East. Our experts will guide you through financing, RERA documentation, and seamless ownership.
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