India, April 26 -- Rohan Joshi, a Chandigarh resident, purchased an apartment in an upscale complex for Rs.80 lakh in 2023. His equated monthly instalment (EMI) is around Rs.75,000. Though he stretched his budget slightly, he ensured the EMI remained close to 35% of his take-home salary. He also allocated funds for the interiors. However, after moving in, Rohan realised that several additional expenses were creeping into his monthly outgo.

When purchasing a home, it's important to account for these hidden or extra costs. And if you're planning to rent out your property, there are also certain deductions you should keep in mind.

Maintenance charges: "Maintenance charges, paid monthly to the housing society or developer, cover services li...