Buying property (or for that matter, any investment) is a very personal decision and not a path you should follow just because others have. See if this fits in your scheme of things - maybe discuss with a financial advisor.

Buying a house (especially in Mumbai) is a not the most financially wise decision one can make, if seen purely from a finance perspective. A simple back of the envelope calculation will show you that renting is far cheaper than buying. However, a lot of people still buy for reasons such as securing an asset for the family, a steady place to live and the mindset of having ones own home.

Also, some partners buy and some rent.

Let's give credit where due. The Shroff family has done a lot for the legal profession in the country. Some of the things we take for granted, including campus placements, were started by AMSS long back. Modern Indian law firms have a lot to thank AMSS for.

Not saying that it's all hunky dory. There were problems with AMSS and a number of them continue with SAM and CAM. However, one still can't take away the tremendous amount of work that the Shroffs have done to bring the corporate legal system where it is today.

Meritocracy is of course needed but its basic human tendency to help and expect help. That only comes from connections one makes over years.