India, May 1 -- A Rs.1.4 crore first-home purchase by a Bengaluru-based software engineer earning Rs.2.45 lakh per month has sparked a debate online, with users divided on whether the move is financially prudent or dangerously close to over-leveraging.

The 31-year-old, with a monthly take-home of Rs.2.45 lakh, a spouse, and a two-year-old child, outlined plans to buy a 3BHK for self-use with a 15% down payment. expected possession next year. With an existing car loan, an emergency fund of Rs.6 lakh, and limited earmarked savings for future expenses, the post drew detailed financial scrutiny.

"I'm a 31 y/o software engineer, married with a 2-year-old kid. Looking for some perspective before I make a big financial decision. Current situat...