Delhi duplex purchase: is ₹1,670,000 enough cash to retain after closing?

[sanna.gale]

We need to plan the cash split before completion, and the difficult choice is how much of the remaining money can safely go toward the home. Our accepted offer is for a 3-bed Delhi duplex at about ₹31,310,000. Once the deposit and estimated closing costs are paid, we expect around ₹1,670,000 to remain.

The inspection may identify work that cannot wait, while moving costs, an insurance excess and ordinary household emergencies also need room. Furniture is the easiest item to delay, but we will still need a few basics. How would you divide the buffer without leaving every early repair dependent on the next salary payment?

 

[StillPorch]

Before completion, split the ₹1,670,000 into money that must remain untouched and money that can be spent on moving in. Protect the household emergency reserve first, along with cash for the first mortgage payment and any near-term service charges.

Then make separate allowances for moving, the insurance excess and repairs identified by the inspection. Buy only the furniture needed to use the home safely and comfortably at first; the rest can wait until the actual repair costs are known.

 

[LuckyTimber]

The missing detail is what the inspection actually finds. “Ordinary work” might be paint and minor fittings, or it might include something that should affect whether you proceed at this price. Also, does the duplex have recurring service charges or shared maintenance? Those costs matter more than a one-off sofa purchase because they reduce your buffer every month or year.

 

[mara.oak]

I would be a little less rigid than Sofia about furniture. Moving into a larger place can require some basics immediately, and moving costs often overlap with small purchases. But I agree that decorating should wait.

Before deciding the buffer is enough, list every payment due between closing and the second mortgage payment. If ₹1,670,000 is the balance before those items rather than after them, the position is tighter than it first appears.

 

[aisha_questions]

Make three lists after the inspection: work required before moving in, work needed within the first year, and optional improvements. Fund only the first category immediately. Keep emergency savings separate, obtain firm moving estimates, identify the insurance excess and confirm the timing of service charges and the first mortgage payment. If essential repairs consume most of what remains, reconsider the price or the purchase rather than relying on the furniture budget to absorb them.