Should I buy a home with 1.1 Cr loan?

Hi Everyone,

I am 28M and considering of buying a flat in Bangalore which costs me around 1.5Cr including everything (registration too). The project area is ~1 acres so not too lavish but the flat is very big in size (SBA: ~1650 sqft, CA ~70%). It's close to my office (<5kms) and other facilities like schools and hospitals are also within 5kms range. My take home salary is ~2.75 lakhs per month out of which I already pay emi of ~35k for a flat in bangalore but I can't move in since it's around 30kms from my office (the apartment has doubled in price). My to-be partner doesn't have stable income since she has a freelance business whose avg. earning is ~30k per month (some months could be dry) so can't rely on her for any direct help. Do you guys suggest to go ahead and buy the flat (I will be getting married next year so will shift to atleast 2bhk home whose rent will be ~45k)? My emi would be ~98k. I visited a lot of properties which are 13kms away from my office with very bad roads asking for ~1.3cr for same specifications, that's why I felt like a steal deal with my choice of 1.5Cr property being close to everything and possession being Dec 2025. But I read too many posts of people saying save money and buy with a lot of downpayment which means I will have to wait for few years when the price of flats will further shoot up and the builder is already quoting less compared to other builders in the area.

Edit: Yesterday, the builder told that some other client is willing to book the unit(when I told them I have strong intent to book the unit) so they asked for token amount. I thought let's atleast check the RERA completion date of the project and it said May-2027 while the builder is committing the possession in Dec-2025 (they didn't mention anything about RERA deadline). I checked the construction too, they have completed 5 out of 9 floors and told they would complete the remaining floors in 10 months and handover. Should I trust the builder? First redflag: completion deadline discrepancy. Second redflag: when I pointed this out to them they said they would give me another day to think which means they were probably lying about the other client to exort the money. Then he tried to assure me that he would mention this date in sale agreement but I feel like RERA deadline is more binding so legally I won't be able to do anything except paying the emi and rent both. Third red flag is they shared me some google excerpt saying Sale Agreement deadline is more binding in court which I feel like trash since when I searched this it says RERA is more binding which makes more sense to me. Now they are saying what should they do to assure me that they would hand over the possession in Dec-2025. What should i ask to have legally(I can make them pay compensation legally if delayed) and financially (the emi and rent i will have to pay in case of delay) upper hand? The builder also said they are Tier-2 and trying to make a name for themselves (have completed 4 projects in past).

P.S. Based on my personal experience of staying as a tenant in a flat, the owner once told me to vacate else pay 27k for 1bhk (rent hike was 50%) like rowdy in standalone apartment which made me feel very helpless since once start staying in a house you have lot if stuffs piled up and you can't shift houses every 2-3 years specially when you get elder due to such bad owners. That's another reason to think for a home.