Nitin Gupta (name changed), age 33, works for an MNC and his wife Radha Gupta, age 29, works for a law firm. They got married four years ago. Under increasing peer pressure, they decided to buy their dream house, as friends and family would rate their degree of success in life on the basis of their flat in Mumbai. However, this turned out to be a costly affair and they ended shooting up their budget after buying a lavish apartment with 85% loan. The renovation of the house cost another Rs 20 lakh, for which their personal savings were used and they had to take a personal loan too.
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