Delhi 2-bed: is ₹2,254,000 enough cash to keep after closing?

[GroundedPage]

Getting the reserve wrong could turn an affordable purchase into a strained first year. I am looking at a 2-bed serviced apartment in Delhi for about ₹109,400,000, with completion anticipated in 34 days. Once the deposit and current estimate of closing expenses are paid, around ₹2,254,000 should remain.

That balance may still need to cover moving, an insurance excess, early repairs and any furniture not included with the apartment. The inspection has not yet settled the repair figure. My present plan is to protect a general emergency fund first, set aside known bills and moving costs next, and delay non-essential furniture until the apartment has been lived in for a while.

Would you reserve more cash for property surprises at this price, or reduce the purchase budget before committing?

 

[luca.east]

I would not assign fixed percentages until the inspection is back. First ring-fence an emergency amount that is not for the apartment, then reserve known ownership costs such as the first mortgage payment, service charges and any insurance excess. Moving gets its own smaller pot. Repair only genuine early problems and furnish room by room rather than treating completion day as a deadline.

 

[clear_wall]

Does the ₹2,254,000 remain after the first mortgage payment and the next service-charge bill, or are those still due from it? Also, is the serviced apartment supplied with any furniture? Those answers could materially change the amount you need immediately.

 

[ReadyBrick]

I’d be more cautious. At a ₹109,400,000 purchase price, the issue is not just whether ₹2,254,000 covers some furniture and repairs; it is whether recurring charges leave you able to rebuild that cash. A clean inspection would help, but it cannot remove later surprises. If the buffer already feels tight before the report arrives, buying below the maximum sounds sensible rather than overly conservative.

 

[AriRidge]

Use the next 34 days to make a simple due-date list: payment at closing, first mortgage payment, moving, service charges and insurance. When the inspection arrives, separate urgent defects from cosmetic work. Keep the emergency fund untouched, fund urgent items next, and delay furniture that is not needed for the first few weeks.