This home is too small, this is too large Planning a new home under COVID-1



The pandemic has exposed people to serious health and economic problems. But there are some secondary issues that people have been face to face with due to lockdown and self-quarantine procedures. Yes, it is the lack of private spaces in households. Large and common families, especially in metro cities, live in small and medium-sized houses. Due to the limited availability of rooms in the house, it will be difficult to quarantine the home if a member is infected with the COVID-19 virus. Again, he / she will also expose others to the virus. Many working professionals also complain that they are unable to concentrate in the workplace due to other distractions at home while working from home.

This situation has persuaded many people to consider owning their own space. If you are also planning to buy your own home, here are a few tips to keep in mind:

1. Plan your savings and investments

Consider the impact of COVID19 on your future employment and growth prospects. The markets will take some time to normalize once the pandemic is over. Plan your savings and investments wisely to be able to afford to pay EMIs for a home loan for the next 3-5 years along with your routine expenses and inflation.

2. Evaluate your commitments

Get an accurate estimate of your debt and liabilities to date. Analyze them with the ability to pay for your future obligations (e.g., taking out a new home loan). A home loan is a long-term obligation (maximum 30 years). Plan it in such a way that you will not be overwhelmed with multiple loans to pay at the same time.

3. Analyze the industry you are employed in

Get an honest estimate of your job security or other sources of constant fixed income. Only wait to plan a home loan if your current employer is not affected by the COVID19 situation. For example. The restaurant and food service industry is in need right now. Your eligibility for a loan depends directly on your income.

4. Do not take unnecessary risks.

If you already own a house and plan to use your assets to buy a larger one, you are in a seemingly comfortable situation right now in terms of the global crisis. Consult a stable and investment lender and follow their advice on your intention to buy a larger house. This will save you from incurring unnecessary financial burden due to quick and uninformed decision making.


Having their own home is a primary life goal for many. But to realize it, one needs a sensible planning of their finances. Start planning your new home with the Dream Home Calculator below, or you can also consult your financial advisor. It helps you get a good idea of ​​how to invest and plan your funds, taking into account the timeline and inflation. The first step to your future is embedded in your day. Good planning!

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully.

To learn more about KYC documentation requirements and procedures for changing address, phone number, bank details, etc., visit One-time KYC registration is mandatory for investing in mutual funds. You can complete your KYC by submitting the following to one of our branches or collection centers: a) duly completed and signed Central KYC form b) ID and Address Certificate: Any document issued by the State, self-certified. PAN is mandatory for investment in mutual funds. c) Proof of address: Same as proof of identity (except PAN) d) Latest passport size photo. Originals must be brought for verification. Investors should only handle / invest in SEBI-registered mutual funds. Details are available at Investors can reach us at + 91-8048893330 or write to us at For escalation, write to or submit your complaint to SEBI through their SCORES (SEBI Complaint Redressal System) portal at

Disclaimer: Content produced by Kotak Mahindra Mutual Fund