The dream house is worth it ₹1.4 million quickly turned into a nightmare for the once earning technician ₹40 lakhs per annum but was forced to work as a Rapida driver to earn.
This viral story is about a Noida techie who was fired from his high-paying job three months ago and the cost of the one thing he really loved, his luxury 3BHK, started to come down.
According to a viral video on social media, a technician bought a 3BHK flat in Prateek Grand City, Noida in 2024 for a monthly home loan EMI of Rs. ₹95,000. Just when things in life seemed good – a well-paying job, a classy home, a long-term plan – global tech layoffs crushed his dreams.
Once an elated man who thought he had achieved a big milestone after buying a spacious flat, now he stays awake wondering how to pay the EMIs every month and sustain his life.
Techie became the Rapido driver
To technically cope with his finances, he started working as a driver for Rapid and saved every amount to meet his monthly obligation.
“He took a 3BHK worth 1.4 million when his salary was 40 LPA, but now he is jobless – how will he manage 95k EMI for 20 years?” a person who claimed to be the technician’s friend said in the viral video.
He shared with the online audience that he recently visited a techie and his face showed the emotional toll of the layoffs and the stress of the EMI loop. The uncertainty surrounding finding a new job only added to the pressure.
The friend also said that the same home he once brought with great pride now brings him worry. He said the engineer spends sleepless nights thinking about the decision he made.
“I was just coming back from a meeting with my friend at Prateek Grand City – he bought a 3BHK flat there in 2024 for about 1.4 million. At that time his salary package was 40 LPA so he was excited at first but now he feels a lot of regret,” he wrote in the viral post.
“He goes to bed every night with tears in his eyes and just thinks, ‘If only I hadn’t made that choice,'” the friend added.
How did netizens react?
Social media users were moved by the story of the Noida techie and highlighted the insecurity in the job market. “Big decisions in life shouldn’t be made just by looking at salary… because you can lose your job at any time,” said the user.
“The world of make-believe and EMI’s web has left the middle class with nothing to call their own. We end up throwing a huge chunk of our salary into bank repayments,” said another user. “Having an emergency fund is essential these days.”
“Taking out heavy loans at a time of high salary and then suddenly losing your job creates a terrifying financial crisis,” said A netizen, suggesting that “selling an asset to become debt-free or exploring refinancing options may be the only practical way to secure the future” for those who take on more risk than their own ability to repay in the excitement of asset building. “It can lead to mental and economic ruin.”
