Is it financially wise for me to buy a ₹1.5 Cr flat?

I’m a 27-year-old software professional earning ₹1.2L/month. My wife currently doesn’t have a job but is likely to start earning ₹30k–₹50k/month within a year. We don’t have children yet, but we may have in the next 2–3 years. Here’s my situation: 1. I’m planning to buy a flat in a gated community in Hyderabad, costing around **₹1.5 Cr**, with handover expected in 2028. 2. I can arrange a **₹20L downpayment** and have another **₹10L for registration fees**. 3. I’ll need a **home loan of ₹1 Cr**, and until the handover, I will only pay interest (EMIs start from 2028; tenure \~20 years at \~8.5%). 4. I also need to save **₹20L for interiors** by 2028. 5. Me and my wife don’t have high monthly expenses and are not big spenders. 6. My father and father-in-law are financially stable and can assist in case of any emergencies, though I prefer not to rely on them often. I’ve heard from some people that it’s better to buy a flat early in your career, as it allows you to lock in prices and grow into the EMI payments as your income increases. Is this true, or would waiting for a few more years be a better idea? Additionally, my inclination is toward buying in a **gated community** for better amenities and security, but should I consider a **standalone building** to reduce costs? Given our financial situation, future plans (including possible expenses for children), and goals, is buying a ₹1.5 Cr flat a good decision, or should I aim for something more affordable? If so, what would be a reasonable flat cost for me? Would love to hear your thoughts and advice!