Renting Vs Buying A House: Gauri Chaddha Explains Tax Benefits And The Smarter Financial Choice

Renting or buying a house is a major financial decision, especially for younger Indians facing rising property prices and home loan costs. Gauri Chaddha, Tax Expert, explains how to compare rent, EMIs, interest payments, maintenance and taxes before making a choice. While renting may offer House Rent Allowance (HRA) benefits under the old tax regime, buying a home can provide tax deductions under applicable rules. She also discusses how borrowing to buy a house could make financial sense when investments potentially earn higher returns than loan interest. Ultimately, the right choice depends on individual finances, goals and circumstances.