A latest social media submit evaluating the dwelling requirements in Gurgaon and New York Metropolis has taken the web by storm. Administration guide Gurjot Ahluwalia in contrast what $3 million (round Rs 25 crore) should purchase in these two cities.
Ahluwalia’s submit in contrast a 4BHK or 5BHK house in DLF Magnolias, Gurgaon — recognized for its luxurious facilities like a pool, fitness center, spa, and inexperienced areas — with a six-room penthouse in New York Metropolis providing beautiful Manhattan skyline views. He highlighted the variations in actual property between India and developed nations, asking, “Which $3M house would you favor?”
Ahluwalia’s comparability sparked diversified reactions, main him to label India’s actual property market as a “rip-off.” Many customers on X agreed, criticizing property costs in India, particularly in cities like Gurgaon. Some speculated that the market is a bubble able to burst, calling it “loopy.”
Others highlighted the stark distinction in worth, noting that $1 million might purchase a mansion within the US, providing an expensive way of life, whereas $3 million would possibly get you one and even two top-tier villas in Dubai. Many felt that Indian actual property costs are unreasonably excessive, likening it to “daylight theft.”
Many customers criticized Gurgaon’s actual property, with one consumer mentioning that costs per sq. foot in DLF Magnolias are larger than in international cities like Dubai, Singapore, and New York. Nonetheless, they argued that the facilities in Gurgaon really feel subpar, evaluating them to these in “African nations,” whereas highlighting heavy tax burdens. The consumer shared that the steep prices drove them to maneuver from Gurgaon to Chandigarh for higher worth.
“Throughout my latest USA go to in October 2024, once I inquired about the price of a sensible 3bhk bungalow with courtyard and delightful garden in suburb of Washington DC with direct metro connection to Downtown. Value in INR = 4 to five CR
Indian actual property pricing is madly illogical,” one other consumer remarked.
A consumer added, “Gurgaon actual property is so lame.”
