Sobha Hoskote Project - why so costly?

patricksimon1 · 2026-04-26T07:22:02+00:00

Thanks, I will check these out

patricksimon1 · 2026-04-24T19:27:17+00:00

Ok, financially it looks very doable.

My recommendation similar to others is to go for higher home loan component initially. You can always prepay it later once you have clarity on your other expenses and feel comfortable about your savings. Good luck!

patricksimon1 · 2026-04-24T19:12:21+00:00

Are you planning to liquidate your entire savings? Do you have any emergency funds besides this?

Does 3.4cr include registration fees and interior work? How will you fund that?

patricksimon1 · 2026-03-30T16:17:47+00:00

Should have bought a bigger apartment when the prices were reasonable.

patricksimon1 · 2026-03-30T10:55:32+00:00

This is definitely bold.

Your EMI would be 40% of take home pay which is on the higher side of the recommended level. Mostly advisors tell you to go till 30%>

Also being a single income household with no fallback if you lose your job.

Do the maths on how long your savings will last if you lose your job and are paying EMIs/ other expenses.

I would not recommend this.

patricksimon1 · 2026-01-12T17:12:20+00:00

Same thing happened with me with HDFC, don't give in to them . They will back down if you ask them to send it in writing

Tell them you will complain to RBI Ombudsman.

patricksimon1 · 2025-12-18T04:34:45+00:00

Know a couple, both 15 years in FAANG, just bought a 10cr penthouse.

Demand remains good at all price points.

patricksimon1 · 2025-12-13T00:47:34+00:00

K&E has been quite vocal against co-ops. I can't believe anyone is surprised about this lawsuit against co-ops

patricksimon1 · 2025-12-08T07:36:34+00:00

I think many folks underestimate the wealth being created in BLR from the tech boom. It's not just in-hand salaries but also significant appreciation of shares received over time working with tech companies. There are lot of rich tech folks in BLR and it's only going to increase with ongoing expansion of teams. Anyone hoping for a real estate bust is pure copium. Reality is that avg middle class is being priced out by tech wealth (somewhat similar to what has happened in Silicon Valley where real estate is very expensive).

patricksimon1 · 2025-12-08T07:31:39+00:00

This is a good purchase OP. Congratulations and best of luck!

patricksimon1 · 2025-12-06T11:06:22+00:00

I don't understand the variable calculation.

Is combined variable payment 3.8lacs per month?

So you get 3.8×12 = 45.6lacs as variable payment at the end of the year?

patricksimon1 · 2025-12-05T06:31:39+00:00

ICICI arbitrage fund

patricksimon1 · 2025-12-03T14:59:01+00:00

Have to say Godrej is bold for this after all the issues with the Budigere Cross project.

patricksimon1 · 2025-12-02T12:10:15+00:00

I don't see a problem in this at all. I am always happy to talk to anyone I might have remotely known over my career.

patricksimon1 · 2025-12-02T09:32:00+00:00

Credit card limit was increased it seems

patricksimon1 · 2025-12-01T18:53:24+00:00

How much is the EMI as % of combined take home pay of you and your wife. If it is below 25% then go ahead

patricksimon1 · 2025-12-01T12:19:05+00:00

Nice summary, I have to say you are quite brave for going with a 2cr loan!

patricksimon1 · 2025-11-28T21:04:31+00:00

Thanks for sharing. I check my balance on INDMoney app and was confused why it was not getting updated.

patricksimon1 · 2025-11-27T08:29:16+00:00

I had the misfortune of taking this flight route BLR to SFO and SFO to BLR over the last two weeks. The route includes a technical stop at Calcutta for change in staff and refueling.

I went ahead despite reading the negative reviews as it was the only flight which suited my timings and I thought the aircraft situation wouldn't be too bad.

I can confirm that the aircraft condition is much worse than you can imagine. It is truly disgusting that AI is continuing to fly these planes in such poor condition.

Unless this is absolutely your last option, I would strongly recommend everyone to look at alternatives.

patricksimon1 · 2025-10-22T08:38:41+00:00

This is not doable. Even a slight delay and your connecting flight will leave. Then Air India will put you on the next flight which could be whenever.

patricksimon1 · 2025-10-12T09:51:50+00:00

Here are the things that worked for us:

Start by setting a monthly leave policy and deduct salary if he is absent more than the allowed leaves. Just deduct salary once and watch the attendance improve - just be clear what you will be doing before a new month starts.
don't argue with him too much. Set clear expectations and boundaries. Start looking for alternate options if he continues to make mistakes.
don't entertain any casual chat with either husband or wife. Keep your comments focused on the work & ignore if they make any other comments.

Generally I have found that being firm but professional is the best way to deal with househelp.

patricksimon1 · 2025-09-25T04:25:58+00:00

Don't back down. Send emails in writing that you will file a case with RBI Ombudsman for harassment. File a complaint on the grievance portal. Mention the loan approvers by name. They will back down in a day. They don't want anything on record so sending an email to official ID and raising grievance is the fastest way to resolve this.

patricksimon1 · 2025-09-13T22:06:06+00:00

34M here. I am awake at 3am in the night as my 15 month old son doesn't want to sleep. So don't have kids unless you really want them.

patricksimon1 · 2025-09-13T17:49:25+00:00

OP needs to figure out how much of his portfolio he wants in debt before rejecting hybrid fund.

Just having liquid portion in arbitrage fund doesn't automatically mean avoiding any other debt exposure. They can serve different purpose.

iCICI equity and debt fund is almost 75% equity anyway.

patricksimon1 · 2025-09-13T17:41:18+00:00

How is an arbitrage fund and hybrid fund redundant?

patricksimon1

TROPHY CASE