India, Oct. 17 -- As the festive season approaches, with Dhanteras 2025 on October 18, many homebuyers in the Mumbai real estate market look to make auspicious purchases. One recurring dilemma for aspiring homebuyers has always been a persistent issue. Should they opt for an older property with lower EMIs or go for a new build with higher monthly costs?

This debate has been reignited on online forums, with netizens arguing in a Reddit thread, where a user weighed the benefits of buying into a 25-year-old building (with lower EMIs) versus a 5-year-old home that commands steeper payments.

A Redditor posted a query stating that my current budget is around Rs.60 to Rs.80 lakhs for a house in the Mumbai suburbs. "I'm getting an offer for a 2...