Dream Home in Gurgaon Turns into a Nightmarish Liability for an NRI in Canada
A recent social media post highlights the hidden burdens of homeownership for NRIs, especially those who invest in Gurgaon real estate. What starts as a dream investment can quickly turn into a logistical nightmare.
Real EstateNriGurgaonProperty InvestmentProperty ManagementReal EstateJun 15, 2025
In 2017, Kaushik’s friend proudly purchased a ₹1.1 crore flat in Gurgaon, backed by an ₹85 lakh loan. It was hailed as his first major asset—a moment celebrated by friends and family alike. But five years later, life took a turn. He received a lucrative job offer in Canada and moved abroad for a better future. The one thing that didn’t move? The flat.
Fast forward to 2025, and his weekends now look nothing like the peaceful life he imagined. Instead, they’re filled with WhatsApp tenant complaints, rent follow-ups, society dues, and property tax paperwork. The once-prized possession has become a logistical mess—one that ties him down, even from across the world. “Passive income?” Kaushik writes. “More like passive frustration.”
The post has struck a nerve among many Indian professionals, especially NRIs, who are realising that real estate doesn’t always guarantee financial peace. From delayed rentals to maintenance hassles, what begins as a badge of success can morph into a burden. Kaushik’s advice is blunt but necessary: before buying that “dream flat,” ask yourself—are you truly buying security, or just committing to years of stress paid in EMIs?
Gurgaon's Real Estate Prices Escalate
A recent post on the Gurgaon subreddit has sparked widespread discussion about the growing housing affordability crisis in urban India. In the post, a user expressed frustration over being unable to purchase a 3BHK home in Gurgaon, even with a sizable budget of nearly ₹2 crore. Despite this considerable amount, the individual explained that finding a suitable property within that price range had proven to be a challenge.
According to the user, their family had been urging them to purchase a house due to skyrocketing rental costs. They emphasized that the monthly rent itself was already excessive, but when exploring ownership options, property prices were even more daunting. The user noted that the real estate market had become so inflated that buying a home seemed nearly out of reach, even with what many would assume is more than enough money.
This post quickly gained traction and fueled an online debate about the rapidly deteriorating housing affordability in major cities like Gurgaon. Several commenters echoed similar sentiments, highlighting how real estate prices in prime areas have surged to unprecedented levels. The user mentioned that even well-known residential communities such as those in DLF or areas around Manesar were unaffordable, despite the large budget.
Frequently Asked Questions
What is the main issue highlighted in the post by CA Nitin Kaushik?
The main issue highlighted is the hidden burdens of homeownership for NRIs, particularly the logistical and financial challenges of managing a property from abroad.
How much did the friend pay for the Gurgaon flat in 2017?
The friend paid ₹1.1 crore for the Gurgaon flat, with an ₹85 lakh loan.
What are some of the challenges faced by the NRI in managing the Gurgaon flat from Canada?
The challenges include dealing with tenant complaints, rent follow-ups, society dues, and property tax paperwork.
What advice does CA Nitin Kaushik give to potential homebuyers?
Kaushik advises potential homebuyers to carefully consider the long-term logistical and financial implications before buying a home, especially if they plan to live abroad.
What is the current state of the real estate market in Gurgaon?
The real estate market in Gurgaon is experiencing a significant affordability crisis, with property prices surging to unprecedented levels, making it difficult for even well-funded buyers to find suitable homes.
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