Bengali tech expert’s ₹ 2 crore apartment reality check goes viral — ‘Gen Z humbled by housing prices’ | Today’s news
25-year-old cyber security professional who earns ₹1.8 million per month in Bengaluru has sparked a massive online debate about the city’s booming property market as they struggle to find an affordable apartment.
The techie on Reddit pointed out that he lives a modest lifestyle and has decent savings, but even with substantial savings, a decent home in a gated community remains out of reach.
In a post titled “Gen Z humbled by housing prices,” the tech noted a growing disconnect between high-earning young professionals and metropolitan real estate valuations.
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₹1.3 million ‘matches’
Despite the top salary, the technician shared that he lives a strict cost-cutting lifestyle. “I don’t go clubbing and throw away money. I have assets that I use to commute around and no plans to buy a car at all,” he wrote.
He comes from a middle-class background and said he avoids expensive clothes and luxury shopping, keeping his monthly living expenses in paying guest (PG) accommodation to just Rs. ₹31,000. He also shared that he is actively investing ₹75,000 per month in SIP expecting 10% return and puts the rest in a savings account.
Provided that ₹1.3 million would be a “decent amount” for a house, he recently tied up with a broker to explore properties in Bengaluru in Indiranagar and Whitefield, as well as in Pune.
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However, the reality of the housing market quickly shattered his expectations. “The problem is that the 1.3 cr, the house I am getting is like a 2bhk made like a matchbox in some random detached building but in a good area,” he explained.
He found that a spacious apartment with 900 square feet of carpet area in a large gated community — with 800 to 900 apartments — now commands a much higher price. ₹2 crores in both the cities.
Faced with these numbers, the 25-year-old asked, “Should I continue this cost-cutting lifestyle for another 5 years and grow my portfolio and then get some loan to actually afford that expensive house (I have no plans to get married by 30) or start another SIP from scratch?
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‘Don’t watch the rat race’: Netizens suggest
The post caught the attention of millennials and Generation Z alike, flooding the comments with financial advice, empathy and criticism of the current real estate boom.
Many social media users advised the techie to shelve his ambitions to buy a house and avoid the heavy burden of a massive home loan at his age. “There is a reason why most people don’t buy their house until they are 35-40 years old, once they have enough savings,” said one user. “Buying a property for 2cr in the next 3-4 years with say even 50% loan amount would mean 85-90k EMI and you would end up following the rat race. Keep calm, save 50% of your income for 10 years straight and you will lead a decent life.”
Others pointed to the mathematical advantage of his current investment strategy over locking capital into real estate. “If you’re getting 10% cagr on your investment, you’re already beating real estate. Typical real estate growth is 7% + ~3.5% rental income,” another user explained, adding that liquid returns offer much better financial flexibility.
Several users also expressed frustration with the real estate market, with some speculating that current prices are unsustainable and likely to stagnate or fall.
Meanwhile, older users urged the 25-year-old not to sacrifice his youth entirely for savings. As one user noted, “It’s totally worth splurging on the little things on yourself if it’s financially possible… It’s good to be pragmatic and not live for just one big dream”.
