October 18, 2025: As Dhanteras 2025 approaches on October 18, many Mumbai homebuyers are evaluating whether to invest in an older property with lower EMIs or a newer build with higher monthly costs. This perennial dilemma has resurfaced on online forums, where aspiring buyers weigh affordability against long-term benefits.
A Reddit user shared their budget of Rs 60–80 lakhs, comparing a 25-year-old 2BHK flat near a station for ₹68 lakh with a 5-year-old 2BHK in a newly developed area with an upcoming metro, priced at Rs 93 lakh. The question posed: “Should I buy in a 5+ year old building, taking the risk/burden of paying a bigger EMI, or a 25+ year old building with smaller EMI, but the risk of structural degradation or uncertain redevelopment?”
Commenters favouring older properties highlight the advantage of lower EMIs, central location, and convenience. “Less distance to travel, improved health, and longer life,” one user noted. Critics, however, warn that old flats can be costly over time due to plumbing, electrical, or structural repairs. Conversely, newer buildings offer modern amenities, lower maintenance initially, and better resale prospects, though they come with higher EMIs and tighter budgets.
Real estate experts advise that the decision depends on financial stability, risk appetite, and long-term plans. Anand Parikh, a Mumbai-based consultant, said, “One has to time their exit from the property, whether it’s an old or a new apartment. Homebuyers should plan with a 15-year horizon…beyond just the age or amenities, they must think about their exit strategy before making a purchase.”
Sector estimates indicate over 25,000 old buildings in the Mumbai Metropolitan Region (MMR) are eligible for redevelopment. However, resale activity in these buildings remains limited, as buyers often prefer newer apartments for greater convenience and potential appreciation.
Source: Hindustan Times
