India, Dec. 9 -- A 34-year-old Reddit user's question about whether a household earning Rs.3.2 lakh per month can afford to purchase a Rs.2.4 crore apartment in Bengaluru has sparked a discussion on financial planning, home loans, and rising property prices in the city.

"I'm considering purchasing an under-construction property priced around Rs.2.4 crore under a development-linked loan plan. My initial contribution would be 10% ( Rs.20-25 lakh), with an expected home loan of about Rs.1.8 crore. I should also be able to pay an additional Rs.30-40 lakh from my own savings during the construction period. My CIBIL score is 795, so I'm expecting an interest rate in the 7.65-7.75% range," the Redditor wrote.

"Both my wife and I are employed; ...