Property: Real estate in big cities of India is now getting away from the reach of common jobs. Today, the youth who earns a good package is also afraid of buying a house, because it can take away his entire financial freedom. A post on social media platform X (first Twitter) has re -discussed the increasing difficulties of buying a house in India. In this post, a tech professional Akhilesh shared the story of a friend. His friend earns 20 lakh rupees annually, but still it is a dream for him to buy a house in Gurugram.
Crores of houses, but for whom?
According to Akhilesh, his friend brings around Rs 1.2 lakh home every month after tax and other deductions. He lives a very simple life – neither car, neither children, no luxury hobbies. Despite this, all the projects he saw in Gurugram, their initial price is at Rs 2.5 crore. These houses have facilities like Infinity Pool, Gen Garden, Biometric Lift and Imported Marble. It is clear that these projects are not being made for the common people, but for rich buyers.
Is there a market for the rich?
The most effective part of Akhilesh’s post was the line in which he wrote that the market is not broken, it is doing the same thing as designed, for someone else.
This is an important topic of conversation between the professionals working in youth, especially in cities. Because it reveals the reality that even people with high salary cannot buy a house without any financial anxiety.
was having a discussion with a friend in gurgaon. His CTC is 20 Lakh. His in-hand is Around 1.2 Lakh per month after taxes, EPF, and Deductions. He doesn’t splurge. No car. No kids. Just a waifu.
Every project he visits starts at 2.5 crore. The brocuses talk about infinity… June 5, 2025
What do figures say?
According to anarock’s 2024 report, 59% of the new houses in Delhi-NCR cost more than 2.5 crores. 18% in Hyderabad and 12% houses in Mumbai Metropolitan Area (MMR) are above this price. That is, most of the new constructions are being done by ultra-wooden homes.
NRI buyers dominate
According to another report, NRI is now buying a large scale premium property in Indian cities. It has become a safe way for them. When the RERA law came after 2017, customers’ confidence has increased on some developers who complete the project on time. For this reason, NRIs are also investing in reliable projects.
Real estate in big cities of India is now getting away from the reach of common jobs. Today, the youth who earns a good package is also afraid of buying a house, because it can take away his entire financial freedom. And this market seems to be really designed for someone else.
No expectation of changes in the rules of insurance agent, policy of many companies will not be able to sell together: sources