As Jain, based on the quantitative analysis conducted, I would decide to buy the apartment. The monthly mortgage payments required to buy the apartment are comparable to the monthly rent payments, and taking into account the tax benefits on a home loan, buying the apartment would be financially beneficial in the long run. Additionally, with the conservative assumption of 7% per year appreciation in housing prices over the next 20 years, there is potential for capital gains in the future. Therefore, buying the apartment would be a better financial investment decision compared to renting.