As the debate around renting versus buying continues, it’s important to step back and take a holistic view. Today’s fast-paced lifestyle, coupled with economic fluctuations, has shifted the way we think about property ownership. The decision is no longer just financial—it’s deeply personal, influenced by aspirations, stability, and, ultimately, one’s long-term vision.
Owning a home has always been a milestone for many, often seen as a symbol of stability and security. The fact is, you can rent a house, but you can’t rent a home.
Over the last 2 decades, real estate has only appreciated exponentially and the figures prove that. However, we often look back at this in hindsight and regret not having decided earlier. Remember that buying an asset will always be a wise decision financially. Because when you pay rent, what you’re essentially doing is paying someone else’s mortgage. Home Loan rates are available to most people now at very economical rates, at 8-9% plus you get a rebate in taxes too. I promise you, one day, your children will thank you for investing in a long-term asset like a home!
However, beyond sentiment, other compelling factors—market trends, appreciation rates, and government policies—shape this decision. With real estate appreciation rates increasing by around 8-10% annually in cities like Bhubaneswar, the long-term value of owning property cannot be overlooked.
Understanding the Numbers and Trends
Data speaks volumes. For instance, in markets like Bengaluru and Pune, rents have surged more than property prices. A recent analysis by ANAROCK Research reveals that in Bengaluru, Sarjapur Road witnessed a staggering 67% increase in average monthly rentals, compared to a 54% rise in capital values. Similarly, Pune’s Hinjewadi saw rental values climb by 52%, whereas capital values rose just 31% This suggests that while renting might seem convenient, the increasing costs could eventually rival the expenses of owning a home. Conversely, cities like Delhi-NCR, Hyderabad and Mumbai have seen stronger capital appreciation, making homeownership more lucrative for those eyeing long-term gains. According to the report, Sohna Road in NCR saw rental values increase by 40% while capital values jumped 54%. In Hyderabad’s HITECH City, rental growth was 46%, but capital appreciation reached 59%.
Flexibility vs Ownership
Today, renting has become a more attractive proposition for younger audiences for several reasons. Moveable jobs and migration to bigger cities give a sense of un-rootedness and freedom. Another quotient is late marriages, lower family commitment, nuclear family structure, and awareness of more investment asset classes like mutual funds, gold, or equity.
I would say, the sense of stability that comes from homeownership is invaluable, especially for families. A home provides roots—a place to raise families, create memories, and grow. More practically, owning property gives you the option to rent it out, turning it into a source of passive income. In addition, property can act as collateral, opening doors for credit opportunities that may not be available to renters.
The Bhubaneswar Perspective
Bhubaneswar, in particular, presents an interesting case. Once considered a cost-effective alternative to metro cities, it has now emerged as a hotspot for real estate investment, thanks to infrastructural projects, urbanization, and the entry of global players. Investors are increasingly drawn to this market due to its growth potential. Residential real estate prices in the city have appreciated by about 20-25% over the past five years.
For first-time homebuyers, now is an opportune moment to make the leap, as the market is still growing. The city’s transformation from a quiet capital to a burgeoning real estate hub means that early investments could yield significant returns over time.
Conclusion
In my view, the 30s are the best time to buy a house, because your finances are settled and you are ready for commitment. A house is an asset not just an investment. Capital appreciation has to be factored in here. (If you have bought at 4000 per sq ft, when you sell it may have grown to 9000 per sq ft!) Blended, the return is 15-16% plus you get ‘social security’ and comfort that is invaluable!
Renting offers freedom, but buying a home represents a deeper, more lasting investment. It gives you social security plus capital creation, you have equity in an appreciating asset. So do try and buy a house, no matter what the size is.
At Utkal Builders, our approach to real estate has always been centred around the idea that a home is where you create your future, both emotionally and financially. We’ve witnessed how real estate trends shape people’s decisions, and we strive to create homes that aren’t just investments but spaces where people can build lives, memories, and a sense of community. While renting may suit a temporary phase of life, owning a home remains one of the most meaningful and rewarding decisions you can make for your future.
All project information and details displayed on the site, including but not limited to the information and details contained in project related materials that you may download are for information purposes only and do not constitute an offer under any law for the time being in force. The Company shall not be liable to you for any decisions you may take as a result of or on the basis of such information and encourages you to contact the Company directly for up-to-date and accurate information.
Mr Rakesh Bhura holds the MBA degree from the Leeds University,UK. The youngest and the most dynamic among the directors he plays an important role in planning and execution at the site. He is actively involved in site execution,purchases & manpower management. He has his own innovative approach towards the projects and all his endeavours have been successful. Mr Bhura is the young promising face of Utkal Builders.
Anchors the sourcing function at Utkal. He is credited with deriving the best value from our sourcing partners – contractors and vendors of material inputs. Recently, he has taken additional responsibility of the marketing function. However, complicated and large his tasks, his energy and positive attitude make them all possible! And somewhere in the middle, he also finds time to pursue sports and instruct his disciples on yoga.
Is an MBA from University of Strathclyde, Scotland, specializing in marketing and is currently gaining exposure of the unique customer nuances of the varied markets. he is also involved in streamlining the finances of the group.
Patriarch of the family & Chairman of the Group endorses chosen principles and values which Utkal follows. With his distinguished business and social credentials, he has led and safe-guarded the treasured Utkal culture. A born entrepreneur, he initiated with humble beginnings. But his zeal, sheer grit and robust ethics steered him through the times to continuing trust and success. Of course, after four decades of a distinguished business career and leadership of a diversified business group, his enthusiasm remains fresh as ever.
Is an MBA from prestigious IMT, Ghaziabad specialising in Finance and a CFA from ICFAI. He is driving innovation and technology in the group’s operations. He is also actively involved in the group’s marketing plans.
Mr. Sharad Baid is the Managing Director of Utkal Builders & has earned his Masters in Business administration from Bond University, Australia. He specialises in Finance and Information systems.By spearheading new initiatives in Utkal Builders, Mr. Baid has enhanced the framework for strategic planning and project development. In addition, he plays a crucial role in the corporate branding & project marketing of the Group.
The visionary with a mission and an opportunity – guru, his insights are the engines of innovation and new businesses. His passion for opportunities is only matched with his perseverance to bring them to life. He has been the torch-bearer and the agent of evolution at the group. He has also served as the president of CREDAI, Odisha (2010-11).
Mr Rakesh Bhura holds the MBA degree from the Leeds University,UK. The youngest and the most dynamic among the directors he plays an important role in planning and execution at the site. He is actively involved in site execution,purchases & manpower management. He has his own innovative approach towards the projects and all his endeavours have been successful. Mr Bhura is the young promising face of Utkal Builders.
All project information and details displayed on the site, including but not limited to the information and details contained in project related materials that you may download are for information purposes only and do not constitute an offer under any law for the time being in force. The Company shall not be liable to you for any decisions you may take as a result of or on the basis of such information and encourages you to contact the Company directly for up-to-date and accurate information.