Escaping the Housing Crisis: Innovative Solutions from Redditors
As property prices soar in major Indian cities, Redditors suggest unconventional solutions like living on houseboats or relocating to villages. Explore practical alternatives and market trends.
AffordabilityHouseboatsReal EstateBengaluruTier 2 CitiesReal Estate NewsJun 28, 2025
In a recent post on Reddit, a user unable to afford a flat in Bengaluru, Chennai, or Hyderabad, and constrained by age and income limitations for a home loan, asked whether he should buy or rent a small boat and convert it into a livable space with basic amenities like a kitchen, bathroom, and two rooms.
“I am unable to afford flats in any of the Indian cities - Bengaluru, Chennai, and Hyderabad. I am already aged out, so I won’t be in a workable age for EMIs. Is it legal for me to hire or buy a small boat? Can I park these boats on the lakes or seashore and live there?” the Redditor wrote. “This is a serious question. Houseboat costs from ₹15-30 lakhs. Moreover, if floods come, I will still be floating,” he added.
While the idea of living on a boat sparked curiosity, most Redditors offered more practical alternatives. Some suggested exploring property in villages or peri-urban areas, where land and homes are still relatively affordable.
This shift in sentiment reflects broader market trends. In Bengaluru, for example, mid-segment housing launches (homes priced between ₹40 lakh and ₹80 lakh) saw a significant drop last year, according to data from NoBroker. In contrast, the luxury segment, homes priced above ₹1.5 crore, has witnessed notable growth, further widening the affordability gap.
Netizens offer practical alternatives like 'stay in rural villages,' and 'move to the outskirts'. Rather than houseboats, Redditors proposed alternatives that still address the affordability crunch. One user suggested considering buying property in India’s villages or peri-urban areas.
“In villages near Patan, Gujarat, you can get a plot with an 800–900 sq ft house for ₹10–12 lakh,” the Redditor wrote. “Sure, you’ll give up online deliveries and premium healthcare, but at least you’ll own a house.”
Others suggested moving to the outskirts of Tier-1 or Tier-2 cities. “With ₹20–30 lakh, you could get a decent 1BHK or even a small 2BHK in the outskirts of Pune or Hyderabad,” wrote another. “You won’t have a lake view like a boat, but it’s far more practical.”
Bengaluru saw a major dip in mid-end housing launches in 2024. Last year in Bengaluru, the number of new residential launches in the mid-segment, homes priced between ₹40 lakh and ₹80 lakh, witnessed a major decline, according to data shared by NoBroker.
In 2023, the city recorded 15,179 new units in this price bracket, making up 29% of all launches. However, in 2024, that figure dipped to 14,876 units, accounting for just 22% of total project launches. NoBroker said this trend highlights a growing concern over affordability in Bengaluru’s housing market, as budget-conscious buyers struggle with limited supply in the mid-income category.
At the same time, the luxury housing segment, defined as properties priced above ₹1.5 crore, has seen a significant boost. The number of units launched in this category surged to 23,073 in 2024, up from 15,071 the previous year. As a result, luxury homes now make up 34% of total new launches in the city, up from 29% in 2023.
Frequently Asked Questions
What are some unconventional housing solutions suggested by Redditors?
Redditors have suggested living on houseboats, moving to villages, and relocating to the outskirts of Tier-2 cities as alternatives to expensive urban housing.
Why are houseboats being considered as a housing solution?
Houseboats are being considered because they are relatively affordable, ranging from ₹15-30 lakhs, and can be legally parked on lakes or seashores.
What are the practical alternatives to living on a houseboat?
Practical alternatives include buying property in rural areas or peri-urban areas where land and homes are more affordable, or moving to the outskirts of Tier-2 cities.
What is the trend in mid-segment housing in Bengaluru?
Bengaluru saw a significant decline in mid-segment housing launches (homes priced between ₹40 lakh and ₹80 lakh) in 2024, according to data from NoBroker.
How has the luxury housing segment in Bengaluru performed recently?
The luxury housing segment in Bengaluru, defined as properties priced above ₹1.5 crore, has seen a significant boost, with the number of units launched increasing from 15,071 in 2023 to 23,073 in 2024.
Related News Articles
Understanding the Revised Long-Term Capital Gains Tax Structure for Real Estate
Decoding real estate gains and losses under the revised long-term capital gains tax structure, and its impact on investors and property owners
Mahindra Lifespace Developers Targets Rs 1500 Crore Fundraising - ET Realty
Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the Mahindra Group, is set to raise Rs 1,500 crore to bolster its expansion plans.
Knowledge Realty Trust Set to Launch Rs 6,200 Crore IPO: A Major Move in the Real Estate Sector
Knowledge Realty Trust, one of the leading players in the Indian real estate market, has filed a Draft Red Herring Prospectus (DRHP) to launch an IPO worth Rs 6,200 crore. This move positions the Trust as the second-largest office real estate investment t
BMC's Sweetener Policy Triggers a Diabetes Crisis for Mumbai Real Estate
The recent policy by BMC to offer sweeteners to real estate developers has inadvertently led to a 'diabetes' crisis in Mumbai's real estate market. Builders are now facing significant challenges, and the market is struggling to adapt.
Capital Values Outpace Rentals in Bengaluru, MMR, NCR, and Hyderabad
A recent study by real estate consultancy Anarock reveals that capital values in Bengaluru, MMR, NCR, and Hyderabad have surpassed rental values, indicating a robust market trend. In contrast, Pune, Kolkata, and Chennai have experienced higher rental valu
Housing Sales Slump in Bengaluru and Delhi-NCR as Prices Rise and Job Insecurity Grows
The real estate market in Bengaluru and Delhi-NCR is experiencing a significant downturn, with housing sales dropping due to employment uncertainties and increasing property prices.