First-time buyer in Delhi: is ₹1,336,000 enough cash after closing?

We finally had an offer accepted after repeatedly losing to cleaner offers. It’s a 5-bed country home near Delhi at around ₹37,990,000. After the deposit and estimated closing costs, we should have roughly ₹1,336,000 left, assuming the inspection finds only ordinary first-year work.

Would that remaining buffer be uncomfortably thin? I’m trying to divide it among emergency savings, moving, immediate repairs and furniture, while also allowing for the first mortgage payment, insurance excess and any service charges. I’d rather buy below our maximum than turn every small problem into a financial emergency.

I would protect the emergency fund first and treat it as unavailable for furnishing. From ₹1,336,000, one possible starting split is ₹700,000 untouched, ₹300,000 for urgent inspection items, ₹150,000 for moving and setup, and ₹186,000 for furniture or general overruns. Adjust those figures once the inspection is back, but don’t furnish five bedrooms immediately.

One missing detail: does the ₹1,336,000 already account for the timing of the first mortgage payment and all costs due at handover? Also, are there confirmed service charges, or are you simply allowing for the possibility? Those answers matter because a theoretical reserve can shrink quickly if several predictable bills arrive in the first month.

I’m less comfortable with that proposed split. A 5-bed country home can expose you to several repairs at once, so assigning ₹186,000 to furniture before the inspection seems premature. I’d combine the repairs and furniture pots for now. After inspection, price the urgent items, add room for overruns, and only then release anything for nonessential furniture.

Ask the inspector to separate findings into safety or damage prevention, work needed within the first year, and cosmetic items. Then get actual estimates for the first group before deciding whether the buffer is enough. Separately list moving, insurance and any service charges, plus the insurance excess as a contingency rather than assuming every inspection item must be fixed immediately.

The accepted offer is valuable, but it shouldn’t pressure you into overlooking the cash position. I’d wait for the inspection, confirm the first-payment date and handover costs with the relevant parties, and plan to move with only essential furniture. If urgent repairs plus moving would consume most of the ₹1,336,000, that is a reasonable signal to renegotiate or reconsider rather than stretching because earlier offers failed.