A 25-year-old man has triggered a massive online discussion after sharing how he is being pushed into taking a ₹92 lakh loan for a commercial property deal planned by his parents — despite believing the numbers simply do not add up.
In a lengthy Reddit post, the man explained that while his parents see the property purchase as a future investment opportunity, he fears it could instead destroy his finances, credit score, and long-term stability before he even turns 30.
The post quickly gained traction because of one detail many young professionals instantly related to: he would be carrying almost the entire financial risk despite not actually owning the property himself.
According to the post, the commercial basement property is reportedly worth around ₹60 lakh in the real market, but is being registered at ₹92 lakh so that a larger loan can be sanctioned.
The user said the loan has already been approved and that the mortgage deed signing could happen within the next one or two weeks.
He would reportedly become the primary borrower using his salary, PAN, and CIBIL score, while the property title would remain in his mother’s name.
At 9.5% interest over 20 years, the estimated EMI comes to around ₹85,750 per month — nearly 85% of his monthly salary.
And that is where his panic began.
The family expects:
The biggest concern, he wrote, is that the alleged ₹32 lakh refund is only a verbal commitment from the seller with no written protection.
“If he doesn’t refund, the entire plan collapses,” the user wrote.
The man said the expected tenant has only shown interest through WhatsApp messages and has not signed any formal rental agreement yet.
If the tenant backs out or vacates early, the family may struggle to pay the EMI from their own income.
According to the post, his parents currently have almost no liquid savings and jointly earn only around ₹20,000 to ₹25,000 in monthly profit from business and other income sources.
That would leave him carrying the repayment burden.
He also pointed out that commercial basements in older complexes often struggle with resale value and rental appreciation unless they are located in premium demand zones.
Because the deal is reportedly being registered at ₹92 lakh despite an estimated actual value of ₹60 lakh, he fears the family may immediately lose money through:
According to his calculations, achieving that price would require unusually high appreciation for a 20-year-old basement property in a saturated commercial market.
He argued that commercial real estate is typically valued based on rental yield, not emotional projections or inflated registration prices.
The user claimed that if rent stops coming in and EMIs are missed, the bank could eventually auction the property below market value while he would still remain legally liable for the remaining unpaid amount.
He fears that could:
“Am I understanding this correctly or genuinely missing something?”
And online, many people responded with the same advice: do not sign anything you cannot survive financially on your own.
(Disclaimer: This article is based on a viral social media post and online reactions. The Economic Times has not independently verified the authenticity of the content and does not claim or endorse it.)
In a lengthy Reddit post, the man explained that while his parents see the property purchase as a future investment opportunity, he fears it could instead destroy his finances, credit score, and long-term stability before he even turns 30.
The post quickly gained traction because of one detail many young professionals instantly related to: he would be carrying almost the entire financial risk despite not actually owning the property himself.
According to the post, the commercial basement property is reportedly worth around ₹60 lakh in the real market, but is being registered at ₹92 lakh so that a larger loan can be sanctioned.
The user said the loan has already been approved and that the mortgage deed signing could happen within the next one or two weeks.
He would reportedly become the primary borrower using his salary, PAN, and CIBIL score, while the property title would remain in his mother’s name.
At 9.5% interest over 20 years, the estimated EMI comes to around ₹85,750 per month — nearly 85% of his monthly salary.
And that is where his panic began.
EMI takes most of the salary
The man explained that although his parents believe rental income will comfortably cover the EMI, he ran multiple financial calculations and found the plan extremely fragile.The family expects:
- A tenant to pay around ₹60,000 monthly rent
- The seller to allegedly “refund” ₹32 lakh in cash after registration
- The refunded money to be used for early loan prepayment
- The property to later sell for ₹1.4 crore in five years
The biggest concern, he wrote, is that the alleged ₹32 lakh refund is only a verbal commitment from the seller with no written protection.
“If he doesn’t refund, the entire plan collapses,” the user wrote.
Tenant leaves during a commercial property loan
Another major fear is vacancy risk.The man said the expected tenant has only shown interest through WhatsApp messages and has not signed any formal rental agreement yet.
If the tenant backs out or vacates early, the family may struggle to pay the EMI from their own income.
According to the post, his parents currently have almost no liquid savings and jointly earn only around ₹20,000 to ₹25,000 in monthly profit from business and other income sources.
That would leave him carrying the repayment burden.
He also pointed out that commercial basements in older complexes often struggle with resale value and rental appreciation unless they are located in premium demand zones.
Over-invoicing property deals
The user also highlighted concerns around the property’s inflated registration value.Because the deal is reportedly being registered at ₹92 lakh despite an estimated actual value of ₹60 lakh, he fears the family may immediately lose money through:
- Higher stamp duty
- Extra interest payments
- Larger loan liability
- Future tax complications
According to his calculations, achieving that price would require unusually high appreciation for a 20-year-old basement property in a saturated commercial market.
He argued that commercial real estate is typically valued based on rental yield, not emotional projections or inflated registration prices.
Loan default will ruin CIBIL score
One section of the post that particularly alarmed readers was his “default scenario.”The user claimed that if rent stops coming in and EMIs are missed, the bank could eventually auction the property below market value while he would still remain legally liable for the remaining unpaid amount.
He fears that could:
- Crash his CIBIL score
- Make future home or vehicle loans difficult
- Affect financial credibility for years
- Leave him repaying debt for a property he never truly controlled
“Am I understanding this correctly or genuinely missing something?”
And online, many people responded with the same advice: do not sign anything you cannot survive financially on your own.
(Disclaimer: This article is based on a viral social media post and online reactions. The Economic Times has not independently verified the authenticity of the content and does not claim or endorse it.)
