New Delhi, May 30 -- Buying a home is a one of the biggest financial decisions a salaried individual is likely to make during their lifetime. While owning a property remains a major life goal for many, whether you can afford it or not depends on much more than the property's rate. Factors such as monthly income, existing debt, living expenses, and available savings play an important role in this decision.

For many salaried individuals, the question is whether their income can comfortably support the cost of a home loan without straining their finances. To explore this, I asked ChatGPT whether I can afford to buy a Rs.1 crore flat with my monthly salary of Rs.1 lakh and how the finances may work out in such a scenario.

Act as a financial...