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Frankly many of us have the same question, but not everybody is sure how to analyse and bring out a definite correct answer.Note: I am no super brain, but a humble man like you and I will try to answer this with calculation done on excel sheet.Preface: Few years back 2015, I invested my 10 Lakh on buying a FLAT and took a 25.5L home loan. So my bet liability is around 35.5 lakh plus interiors cost, parking cost and other cost will total it to be around 40 lakh.So, when I was reading your question I started getting concerned as to where do I stand today, on my RETURN OF INVESTMENT. So I was equally curious to find if today I am in profit or in loss, like you would think.So, since I am a MATHS and STATISTICS aptitude person, I sat on an excel and put my best experience, knowledge and the best parameters I know to calculate RETURN on my INVESTMENT. Without doubt my calculation is > 90% accurate.Note: I have excluded the FLAT depreciation value. I have purposely excluded it here not to demoralise the people reading this, who actually already have purchased some FLAT and are ruing now.Background:I stay in Bangalore and have a house in Chandapura around 7 Km from Electronic City and 29 Km from Bangalore Center.When I bought the market price was Rs 3500. That was in Mid 2015.The market had healthy growth of about 5% in Bangalore. Since 2018 the growth here is negative.What was Rs 3500 in 2015 is around Rs 3300-Rs 2500 in my locality. You get basic 1BHK/2BHK Flats here now in the range between Rs 18 Lakh to 30 Lakh, excluding registration etc. So my 35 Lakh Flat is getting market quote of around 28–30 Lakh.The above excel, 3rd column gives the kind of rate that should be reached per sq ft, just to ensure the last column the ROI is just No profit-No Loss.The 4th column the amount that is shown is the minimum expected rise in price per sq ft vs the previous rate in the previous ROW, that is necessary JUST to get EVEN with the R.O.I adjusted to 0%, i.e NO PROFIT and NO LOSS (refer last column).So if Sq Ft price in my area, jumped from 3500 in 2015 to Rs 10000 in 2027 (12 year span), still the R.O.I is NIL.Considering current scenario I foresee in 2027 in my area the price will be b/w 9000 to 10000 which gives me an confirmation that my Home Loan Idea is loss making proposition.Please Make note I have not added the monthly Rs 2500 I am paying towards maintenance and Rs 600/month towards CLUB House expenses.This since they are my basic necessities like Keeping the flat clean, Security, money spent on operating current for Lift, Water supply, other maintenance charges like Gardener, Lift Maintenance, Sump clean up, STP, Generator, Transformer etc.………………………………………………………………………………………………………..WHY investing on Land/Home Loan is unwise now ????????????? BIG QUESTION(after the BOOM has subsided).Post Demonetisation, the growth since 2.5 years is almost stagnant (read Negative) since the Black money and Money laundering on which the real estate empires were being built have collapsed dramatically.The Reputed builders based on their past track record get Loan from Banks and they are very few.Rest of the builders take credit from local lenders at very high rate of interest………….Who pays for all these??? YOU THE FLAT BUYER.Meanwhile, the Sand MAFIA is under severe control and the SAND prices have SKY ROCKETED (Many Builders use the second hand sand from demolished buildings).STEEL prices increased, Labour Price increased, Corruption cost Increased, Mamool cost increased, Transportation cost increased, Brick price increased, Paint price increased, Tiles price increased, Sanitary and wash basin price increased………..Who pays for all these??? YOU THE FLAT Buyer.Mostly flats sold below 50K are compromised with quality and they are build, just to last 20–25 years. Sit and think what the buyer will feel when you are selling him a flat which is 20+ years (since your Home loan tenure was 20 years and if you close the home loan before that you always would be under loss). Imagine you yourself buying a 20 year old flat.The premium flats offered by reputed builders charge almost double to triple the market price. Yes those FLATS will last > 50 years, but imagine the high EMI amount, compromise on life style, High monthly maintenance Charges, High FLAT Repair Charges, the negative RETURN ON INVESTMENT etc…….Who pays for all the high price??? YOU THE FLAT BUYER.The new rules from RERA, Housing Boards, Electricity Boards, Sewage Boards, Planning Boards etc have become so strict that actually the market price in few areas have been badly affected.Without CC and OC the FLATS will not have resale (unless an IDIOT buys).In Bangalore out of 3 Flats Build, 1 is getting sold and there are thousands of apartments where for various reason people have not occupied ot they have been vacated, etc.Many Flats/Land Plots are illegal for e.g they are SC/ST land or Govt Land or Forest land or Agricultural Land or Road allotted land or STORM DRAIN Land or LAKE Land or GOMALD Land etc. So strictly, there is no scope to buy for future investment since one day or other you will loose them. Almost no Resale (unless you cheat someone).If The flats do not meet the regulatory norms then they will not get CC (Clearence Certificate) and OC (Occupation Certificate). So no dedicated water/current supply. So RESALE gets impacted also.With Flat the price depreciates every year (generally it is considered as 14% annually) and you will have maintenance charges repairing your flat for Plumbing, electrical, aesthetics, Painting the walls etc.Dont forget you need to pay HOUSE TAX every year and if not paid in time there is PENALTY Added.Make Note : A used Flat is never bought at market price. Always used flats fetch you around 70–80% of market value unless there are exceptional cases. Let us say the market price is Rs 10000 and you demand 1 Crore for a 1000 sq flat, then you will land around 70K to 80K Max. I cannot imagine the shape in which a 20 year flat would be and what price it will fetch, may be 50–70%.After you sell, IT Tax gets deducted on capital Gain (already you were in LOSS, the IT will rob you more).Did you know that 1–3 (Count 20%–60%) out of every 5 Flat owner is struck and not able to sell his flat (read resale) because of the sub quality Flat purchased depreciated badly, Invalid property, Someone else is the owner of the land, Does not have OC, CC and other regulatory papers, Situated in not so good area, Mismatch b/w Flat sale price vs quote price, other legal issues etc.………………………………………………………………………………………………………………..So to sum-mate the CRISP answer to your QuestionI have 40 lacs. Should I buy a home with it, or make a 40 lacs fixed deposit and take home loan to repay it's EMI from the monthly interest of 40 lacs FD?Answer to the question : No, Unless it will be your home where you plan to live forever and not restrict the property to investment and sell off later.…………………………………………………………………………Fixed Deposit: 40 Lakh cash in PSU banks only (read Banks in India).Invest in FD or RD. Pay the capital gain TAX. Be happy.You have the Principal, good Interest and also have covered Inflation to an extent. Additional advantage is cash in liquid form.Liquid can always take any shape and thus can be shaped as per our need.Do not bother wasting your precious time, energy, money and PEACE of MIND( ALSO READ AS PIECE of MIND) on HOME LOAN or Property Purchase. In Near future when BOOM will happen then think on that.…………………………………………………………………………Liquid Asset (FD/RD): Least RISKY investment Product.(Read LONG TERM as the best)By investing in small sum/large sum regularly (read fortnightly/monthly) in these products, even if you got anywhere interest rate between 6.5 to 7.5%/Annum, it still is worth every penny (even after paying the tax).With F.D You have Liquid Fund which you can use it whenever you need by either taking a loan against FD (pay 1% additional interest) or closing it premature.At every point of time after 1st month, you have positive returns irrespective of Market.Keep for ten years and it will almost double.Biggest advantage is you get same value or even slightly more value of money after 10 years since 6.5% of inflation is killed by 6.5% (quarterly compounded interest) of Interest you earn.So say 40 Lakh value as of today is same as 80 lakh in 10 years.………………………………………………………………Always remember water flows through least resistance path like electricity.Choose FD over HL since FD is not only least resistance path, but also it can be shaped as per your requirement at its CASH FACE VALUE.………………………………………………………………GOOD LUCK.💖💖💖

After mains results are out, a time window is provided to fill Detailed Application Form online on UPSC website. It is brief summary of personal details, academic qualifications and performance, family details(occupation of parents and annual salary), previous work experiences, and details like achievements , extracurricular and co-curricular activities, hobbies/interests, no of attempts in ESE/CSE or any other UPSC exam (so better to not give random attempts). It also provides the order of precedence for selection of services that can’t be changed later (a lot of confusion at this stage as very less and authentic information is available on internet) . The end page of DAF is confidential and only for survey purpose asking for personal opinions and whether you consider yourself urban/rural, education being done in convents/govt. schools etc, future attempts for any exam etc.All these details when filled generate a summary sheet which is available to interview panel in UPSC (only 2 pages). Note that while filling details involving typing of words, the character limit is fixed; so choice of right words is important.Attaching my DAF summary sheet :And documents for General category candidates to be uploaded in DAF and be brought in interview include 2 passport size photographs, proof of DOB and proof of graduation along with e-summon letter downloaded online after DAF process. For others, extra documents like family income certificate, caste certificate etc.might be needed. And if someone is unable to furnish all documents, they are given some time to get it verified.Thanks for reading :)

CRISP one line answer to your Question : FD better than Home Loan EMI.Let me share some information I worked recently related to my Home loan and its EMI.HOME LOAN EMILet me bring forth, some practical work done with some calculation I worked on related to me, opting to pay HOME LOAN EMI instead of FD (or RD or NCD (Non Convertable Debentures)) .In 2015 July, I bought a FLAT in Chandapura, Bangalore and invested 10 Lakh as pricipal and 25.5L home loan at 10.10% (which after 2 years reduced and is currently 9.5% Reducing). In your case please accommodate for current home loan ROI of 8.5%+GST.Like you I was getting in doubt. So I started working on the excel below to see where I stand on my RETURN ON INVESTMENT and curious to know if I am on profit or loss.I sat on an excel and did all the best calculation taking into account the best possibilities available as of today and without doubt my calculation is > 90% accurate.Explanation on the Calculation above:When I bought the market price was Rs 3500. That was in Mid 2015. The market had healthy growth of about 5% in Bangalore. Since 2018 the growth here is stagnant and negative in few areas.What was Rs 3500 in 2015 is around Rs 3300-Rs 2500 in my locality. You get basic 1BHK/2BHK Flats here now in the range between Rs 18 Lakh to 30 Lakh, excluding registration etc. So today, my flat which costed me initially 35 Lakh, today is getting best market quote of around 28–32 Lakh.The above excel, 3rd column gives the kind of rate that should be reached per sq ft, just to ensure the last column the ROI is just No profit-No Loss.The 4th column the amount that is shown is the minimum expected rise in price per sq ft vs the previous rate in the previous ROW, that is necessary JUST to get EVEN with the R.O.I adjusted to 0%, i.e NO PROFIT and NO LOSS (refer last column).So if Sq Ft price in my area, jumped from 3500 in 2015 to Rs 10000 in 2027 (12 year span), still the R.O.I is NIL.Considering current scenario I foresee in 2027 in my area the price will be b/w 9000 to 10000 which gives me an confirmation that my Home Loan Idea is loss making proposition.………………………………………………………………………………………………………………………………………..Make note:I have not added the monthly Rs 2500 I am paying towards maintenance and Rs 600/month towards CLUB House expenses.This since they are my basic necessities like Keeping the flat clean, Security, money spent on operating current for Lift, Water supply, other maintenance charges like Gardener, Lift Maintenance, Sump clean up, STP, Generator, Transformer etc.I have also excluded the FLAT depreciation value.………………………………………………………………………………………………………………………………WHY investing on Land/Home Loan is unwise now ????????????? BIG QUESTION…………………………………………………………………………………………………………………………………….REAL ESTATE TODAY:Since 3.2 years (Post Demonetization), the Real Estate growth is almost stagnant (read Negative in few areas).The Black money and Money laundering on which the real estate empires were being built have collapsed dramatically.The Reputed builders based on their past track record get Loan from Banks and they are very few.Rest of the builders take credit from local lenders at very high rate of interest………….Who pays for all these??? YOU THE FLAT BUYER.Meanwhile, the Sand MAFIA is under severe control and the SAND prices have SKY ROCKETED (Many Builders use the second hand sand from demolished buildings).STEEL prices increased, Labour Price increased, Corruption cost Increased, Mamool cost increased, Transportation cost increased, Brick price increased, Paint price increased, Tiles price increased, Sanitory and wash basin price increased.LOWER PRICE FLAT, BUT COMPROMISED QUALITY: Mostly flats sold below 50K are compromised with quality and they are build, just to last 20–25 years. Sit and think what the buyer will feel when you are selling him a flat which is 20+ years (since your Home loan tenure was 20 years and if you close the home loan before that you always would be under loss). Imagine you yourself buying a 20 year old flat.GOOD QUALITY FLAT, BUT HEAVY PRICE: The premium flats offered by reputed builders charge almost double to triple the market price. Yes those FLATS will last > 50 years, but imagine the high EMI amount, compromise on life style, High monthly maintenance Charges, High FLAT Repair Charges, the negative RETURN ON INVESTMENT etc…….Who pays for all the high price??? YOU THE FLAT BUYER.ASSOCIATED LEGAL TROUBLES:In Bangalore out of 3 Flats Built, only one gets sold.There are thousands of apartments not occupied or vacated in every Big city like Bangalore.Many Flats/Land Plots are illegal for e.g they are SC/ST land or Govt Land or Forest land or Agricultural Land or Road allotted land or STORM DRAIN Land or LAKE Land or GOMALD Land etc.So strictly, there is no scope to buy for future investment since one day or other you will loose them. Almost no Resale (unless you cheat someone).If The flats do not meet the regulatory norms then they will not get CC (Clearence Certificate) and OC (Occupation Certificate).So no dedicated water/current supply. So RESALE gets impacted also.The new rules from RERA, Housing Boards, Electricity Boards, Sewage Boards, Planning Boards etc have become so strict that actually the market price in few areas have been badly affected.Without CC and OC the FLATS will not have resale (unless an IDIOT buys). And if OC and CC is there they charge like 5–10 Lakh extra on a flat.FLAT DEPRECIATION: With Flat the price depreciates every year (generally it is considered as 14% annually) and you will have maintenance charges repairing your flat for Plumbing, electrical, aesthetics, Painting the walls etc.YEARLY HOUSE TAX: Dont forget you need to pay HOUSE TAX every year and if not paid in time there is PENALTY Added. Since my location is in Bangalore suburb area I pay around 4000/year. My parents in city center pay 17000/year as TAX.RESALE PRICE: A used Flat is never bought at market price. Always used flats fetch you around 70–80% of market value unless there are exceptional cases. Let us say the market price is Rs 10000 and you demand 1 Crore for a 1000 sq flat, then you will land around 70K to 80K Max. I cannot imagine the shape in which a 20 year flat would be and what price it will fetch, may be 50–70%.CAPITAL GAIN TAX: After you sell, IT Tax gets deducted on capital Gain (already you were in LOSS, the IT will rob you more). So whatever gains you are thinking off may get wiped off either partially or fully.RESALE PROBLEMS: Did you know that 1–3 (Count 20%–60%) out of every 5 Flat owner is struck and not able to sell his flat (read resale) because of the sub quality Flat purchased depreciated badly, Invalid property, Someone else is the owner of the land, Does not have OC, CC and other regulatory papers, Situated in not so good area, Mismatch b/w Flat sale price vs quote price, other legal issues etc.INCOME TAX BENEFIT: I understand that you get 200000 benefit on Interest and upto 150000 on principal under the 80c or 80d (pls chk which 80* is applicable). But the second component of 150000 is easily covered through your monthly payout of Life and medical insurance, provident fund, PPF, NSC, Postal deposit, FD for 5 years and above etc. So Net rebate is low than expected.……………………………………………………………………………………………………………………………………….Investing on FD or NCDInvest in FD or RD or even NCD (with only AAA rating like Tata or L & T).At maturity Pay the capital gain TAX and be happy.You have the Principal, good Interest and also have covered Inflation to an extent. Additional advantage is cash in liquid form.Liquid can always take any shape and thus can be shaped as per our need.Do not bothering wasting time, energy, money and PEACE (READ ALSO AS PIECE) of MIND on HOME LOAN or Property Purchase.……………………………………………………………………………………………………………………………………….Why F.D/R.D/NCD (Read LONG TERM) is the best ?????????Today Banks offer FD b/w 6% per annum to 8%/annum.NCD offer slightly higher till 8.6%. Recently Shriram offered at 9.1%, Tata Capital offered 9%, etc. Senior citizen 0.25 extra (please check if such provision is there).NBFCs offer FD like HAWKINS COOKER COMPANY offer 12% FD interest. It is a very good company with excellent track and superb reputation. Likewise you have Shriram Transport, Shriram City Union, etc.With F.D You have Liquid Fund which you can use it whenever you need by either taking a loan against FD (pay 1% additional interest, seems only applicable with scheduled Banks……………pls chk for NBFC if they allow) or closing it premature.At every point of time after 1st month, you have positive returns irrespective of Market. Keep for ten years and it will almost double.Biggest advantage is you get same value of money after 10 years since 6.5% of inflation is killed by 6.5% of Interest you earn.So say 40 Lakh value as of today is same as 80 lakh in 10 years.Anything more than 6.5% ROI per year is additional saving for you for longer term.…………………………………………………………………………………………………………………………….Even DEBT funds are doing very good with appx 10–12% returns. But please do good research on them before you invest. The profit is subjectable to Capital Tax Gain.…………………………………………………………………………………………………………………………….Hope that clarified.GOOD LUCK.