Social Media’s contribution of making a man £20 Lakh a year, but still cannot afford a home, ruled the debate on rising real estate prices in Indian cities. The contribution shared by a technical professional named Akhilesh on X (formerly Twitter) emphasizes the growing disconnection between salaries and housing costs, especially in urban areas such as gurogram.
“He discussed with a friend in a gurigram. His CTC is 20 lakh.
According to him, every project has a housing that a friend visits £2.5 crore. “Brochures talk about endless pools, Zen Gardens, Italian marble, biometric prints. If they buy it, they must live a paycheck to pay. No buffer. No vacation. No extraordinary events,” he added.
Techie further said that his friend, although he earns more than “maybe 95% of India”, still cannot afford a home in his own city. He came to the conclusion: “The market is not broken. It works exactly as it is designed – for someone else.”
The post resonated with many online, and users reflected concerns that the ownership of the house is increasingly out of reach of the middle class, even for those who have relatively high incomes.
The individual wrote: “The fact that 95% statistics is correct? Or only people pay taxes? Because who buys these expensive apartments?” Akhilesh replied: “The data is only available to people with legalized money sources. It is not hard to guess who are those who buy expensive apartments.”
Others commented: “Gurgaon is attractive to investors. I have seen several projects where more than 90% are investors. Because the rally has already ended and the projects are still under construction, many investors want to leave now. I don’t know if it’s safe or not.”
The third noted: “It is wild, as the high salary feels in some cities.
The fourth expressed: “95% of India does not mean less. The fact is that most entrepreneurs earn more and never declare actual income to save tax. The market is violated for taxpayers.”
(Tagstotranslate) GURRAMGRAM (T) GRUGRAM News
