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I am a 26-year-old from Mumbai, earning around \u20b96 lakh annually in the content post-production industry. My family and I live in a rented chawl in the city, and while our financial situation has improved over the years, homeownership in Mumbai still feels completely out of reach.<\/em><\/p> My family owns about 2 acres of farmland in our native village in Maharashtra, but we do not have a house there. Whenever we visit, we have to stay with relatives, which makes me feel disconnected from a place that is supposed to be our home. I am considering buying back a portion of ancestral land that was sold years ago and taking a \u20b920\u201325 lakh loan to build a house in the village.<\/em><\/p> My long-term goal is to eventually move there, especially if I can earn remotely. For those living in smaller towns or villages while working with Indian or overseas clients, what is life really like? Is building a village home a practical long-term decision?<\/em><\/p> Advice by Ankita Lohia, Qualified Financial Advisor at 1 Finance<\/strong><\/p> So, you’re 26, working in Mumbai’s content post-production world, earning \u20b96 lakh a year and dreaming of a home in your village instead of a flat you’ll never afford in the city. As a financial advisor, here’s how I’d help you think this through.<\/p> The real question: should you take a \u20b920\u201325 lakh loan to build that village home now?<\/p> The money math: That loan means an EMI of roughly \u20b918,000-22,000 a month for 15-20 years. On a \u20b96 lakh salary, that’s nearly 35-40% of your monthly income going to one EMI. Before signing anything, ask: can my current finances absorb this or am I betting on remote income that doesn’t exist yet?<\/p> MUST READ:\u00a0BT Explainer: Tenant or landlord – who bears repair costs in a rented home?<\/strong><\/p> The remote work test: Try it first. <\/strong><\/p> Work from the village for a month before committing.<\/p> Think dual-purpose, not all-or-nothing: Even without relocating immediately, a village home ends dependence on relatives during visits real value, both emotional and practical. It’s an asset that serves you whether the relocation plan materializes on schedule.<\/p> Build smart, not big: Buy back the ancestral land first, build modestly, and expand later once income stabilizes. A phased approach reduces upfront debt and gives you flexibility if priorities shift.<\/p> The golden rule: Never let a long-term liability outrun a tested income stream. Keep your Mumbai income secure for at least 6-12 months after any remote transition proves viable. Debt should follow certainty, not precede it.<\/p> This isn’t “village vs. city.” It’s about sequencing decisions, so the loan follows proof of income not hope.<\/p> MUST READ:\u00a0Can Jewar Airport trigger a 15-20% surge in Noida property prices despite correction fears?<\/strong><\/p> <\/div> #building #house #village #longterm #plan #staying #Mumbai1782003746<\/p> ","protected":false},"excerpt":{"rendered":" I am a 26-year-old from Mumbai, earning around \u20b96 lakh annually in the content post-production industry. My family and I live in a rented chawl in the city, and while our financial situation has improved over the years, homeownership in Mumbai still feels completely out of reach. My family owns about 2 acres of farmland […]<\/p>\n","protected":false},"author":1,"featured_media":10436,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[250,16449,6542,5421,1386,41548,41547],"class_list":["post-10435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-content-marketing","tag-building","tag-house","tag-longterm","tag-mumbai","tag-plan","tag-staying","tag-village"],"acf":[],"_links":{"self":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/10435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10435"}],"version-history":[{"count":0,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/10435\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/media\/10436"}],"wp:attachment":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10435"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}