Finfluencer Exposes Corruption in Indian Metro Real Estate Market
Akshat Shrivastava, a prominent finfluencer, calls out the Indian metro real estate market as one of the most corrupt, warning middle-class buyers about the pitfalls of investing in low-yield properties.
Real EstateCorruptionFinfluencerInvestmentMiddleclassReal EstateJun 30, 2025
Shrivastava claimed that just nine families control nearly 20% of Mumbai’s real estate, exerting significant influence over pricing. “Real estate in Indian metros is one of the most corrupt I have ever seen,” he wrote, highlighting how untaxed money continues to drive demand, not out of necessity but to securely park wealth in physical assets.
Rich businessmen, according to Shrivastava, often deal with black money, and the only options are to buy real estate or physical gold. “These rich guys don’t need to rent. They’re cool with keeping properties vacant,” he added. This results in a distorted market where home prices soar, rental yields shrink, and the average middle-class buyer is left chasing an increasingly unattainable dream.
“You don’t need to own a house in a metro,” Shrivastava said, arguing that many end up buying at inflated rates for paltry rental returns—typically around 2–3%—while locking in long-term debt. “Anyone telling you to buy a property in metros to get your 2-3% yield is a sales agent disguised as a YouTuber,” he warned.
He urged potential buyers to do the math before investing, especially in metros, and suggested buying homes only when rental yields exceed 4%. “Treat your house as a lifestyle, not an investment,” Shrivastava wrote. “People lie, math does not.”
This article is for general informational purposes only and does not constitute financial advice. Readers are encouraged to consult a certified financial advisor before making any investment or financial decisions. The views expressed are independent and do not reflect the official position of the India Today Group.
Frequently Asked Questions
What is the main concern in the Indian metro real estate market according to Akshat Shrivastava?
Akshat Shrivastava, a finfluencer, is concerned that the Indian metro real estate market is one of the most corrupt, driven by black money and speculative hoarding by a few wealthy families.
How does black money affect the real estate market in Indian metros?
Black money fuels demand in the real estate market, often leading to properties being bought and left vacant, which inflates prices and reduces rental yields.
What is the recommended rental yield for property investment in metros according to Shrivastava?
Shrivastava recommends that potential buyers only consider investing in properties in metros if the rental yields exceed 4%.
Why does Shrivastava advise treating a house as a lifestyle choice rather than an investment?
Shrivastava believes that treating a house as a lifestyle choice rather than an investment helps avoid the pitfalls of buying overpriced properties with low rental returns and long-term debt.
What should potential buyers do before investing in real estate in metros?
Potential buyers should do the math and carefully consider the rental yields before investing in real estate in metros, as many properties offer low returns and high debt.
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