New Delhi, Sept. 9 -- For most Indians, buying a house is more than a financial decision - it is an emotional milestone. Yet many homebuyers stretch their EMIs to chase the dream of home ownership, often putting other financial goals at risk.

On LinkedIn, CA Vijay Kedia shared the story of a corporate professional who purchased a Rs.2.5 crore luxury 3BHK apartment with a monthly EMI of Rs.1.5 lakh. Within a few years, the financial strain began to show. The hefty repayment left little room to save for early retirement or his child's education, turning the dream into a financial burden.

Kedia argued that these two goals alone required about Rs.2.5 lakh per month over the next 10 years, far beyond what the buyer could manage.

While some ...