Buying a house in a metropolitan city of India is everyone’s dream, but due to rising real estate prices, it is becoming difficult for the middle class. Recently, a post is going viral on social media, in which an interesting comparison of property prices in Gurgaon and New York, United States is made.
What is surprising is that real estate prices in a city like New York are lower than Gurgaon. A villa is available in New York for the same price as a flat is offered in Gurgaon.
4BHK in Gurgaon or 6BHK in New York?
Management consultant Gurjot Ahluwalia shared a post on While writing the post, he captioned it: If you had 3 million dollars (around 25 crores), where would you like to buy a house? New York or Gurgaon.
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The luxury apartment in New York and the ordinary apartment in Gurgaon
The apartments at DLF Magnolias featured in Gurjot’s post come with luxury amenities like swimming pool, spa, gym, green garden and covered parking. On the other hand, a 6BHK luxury apartment in Manhattan, New York is also available at the same price, but despite being one of the most expensive cities in the world, it is almost as expensive as Gurgaon.
‘There is no regulation on real estate rates in India’
Many comments are pouring in on this post of Gurjot on social media. Users are reacting fiercely to this comparison of Gurgaon and New York real estate rates. A user recently shared his US tour experience, where he saw a beautiful 3 BHK bungalow during his trip to US in October 2024. This bungalow had the beauty of lush green lawn and excellent connectivity, which was Directly connected to the city center through the metro.
He said its price was around 4-5 million Indian rupees. Another user wrote that there is no regulation on real estate fees in India. Property prices increase arbitrarily. People’s helplessness is taken advantage of.
“The middle class in India is being looted in the name of real estate.”
The middle class in India is being looted in the name of real estate. At the same time, some say that one of the reasons for the disparity in the real estate sector between India and developed countries is the arbitrariness of builders. People go to cities like Gurgaon or Noida in search of good opportunities, where their helplessness is taken advantage of. It is surprising that even the government turns a blind eye to this loot.
