Home ownership remains one of the most cherished aspirations of the middle class and with this dream, a man from Gurugram set out to find his own place in the city’s overcrowded real estate market. Every time he stretched his budget to keep up, property prices soared.
Ultimately, the Redditor gave up on his dream of owning his own home and shared his frustrating house hunting experiences. “Is real estate in Gurgaon even worth it? I just dropped my plans to buy a house,” he wrote in a viral Reddit post.
‘He started with ₹Budget 1.5 million, but
In a viral post, the Redditor shared that he is trying to buy a house in Gurgaon. He shared that he was looking for a building floor with a lift in the prime area of Gurugram and said that he did not want a property in Dwarka Expressway, Sohna, Manesar or remote sectors as his office was in Cyberhub.
“I was trying to buy a house (builder floor with lift) in main Gurgaon (not Dwarka Expressway, Sohna, Manesar or remote sectors). My office is in Cyberhub so location is important to me,” he wrote.
He said that he initially started looking for real estate in ₹budget of 1.5 million; however, the budget has already been pushed through ₹2.5 million and still could not find anything suitable.
“I started with a budget of 1.5 cr, but each step of the process took me up 1.8 cr, then 2 cr, then 2.25 cr. Now brokers only show properties above 2.5 cr,” said the Redditor.
He said dejectedly, “This is a lot more than what I had planned, and frankly I think it’s unreasonable given what’s on offer. I ended up abandoning my plan.” “I don’t know what to do now. Properties in Gurgaon,” he continued.
Here’s how netizens reacted:
Social media users sympathized with the Redditor and offered him valuable advice.
One user said delays and decision paralysis were the real culprits and shared his personal experience with Gurugram real estate: “I started in January 2011, 3BHK construction floors were 52-55l in 57 seconds. Every few days it went up by 2,000,000 or the property just disappeared. Finally settled for a floor for less than 21,108l all done in O than an hour.” “It’s funny if you just see and don’t act,” he added.
“You need to look for options that are a bit far. To be honest, spending 2 cr+ on a flat doesn’t make sense at all. Look for a bit further sector like 81,82,89 and you will get budget flats there,” suggested another user.
One netizen noted that brokers often encourage customers to opt for luxury properties to secure better commissions. “If you look at the resale houses in Sec 56/55/57, you can easily find 180 to 240 sq m building floors with a lift in the range of 1.8 cr to 2.4 cr depending on how old the house is,” they said.
