India, April 5 -- A Bengaluru-based tech professional earning around Rs.5 lakh a month sparked debate on Reddit after outlining plans to purchase a Rs.5.25 crore apartment in Whitefield with a Rs.3.75 crore loan and an estimated monthly EMI of Rs.2 lakh. While he sought views on whether he was overleveraging, many cautioned that the decision appears 'financially aggressive' for a single-income household, warning that any job shock could significantly strain his finances.

"Is this financially a sensible decision, or am I over-leveraging? What key risks am I possibly underestimating?" the Redditor asked.

Several users flagged the move as financially aggressive, especially for a single-income household. "You are overextending a lot. EMI wi...