Techie Reveals Struggles of Affording a Home in Gurgaon Despite Rs 20 Lakh Annual Salary

A recent social media post by a tech worker highlights the challenges of buying a home in Gurugram, even with a high salary. The post has sparked a debate on the affordability of real estate in Indian cities.

Real Estate PricesGurugram Housing MarketSocial Media ReactionsTechie Job SalaryCost Of LivingReal Estate NewsJun 08, 2025

Techie Reveals Struggles of Affording a Home in Gurgaon Despite Rs 20 Lakh Annual Salary
Real Estate News:A recent social media post has ignited a heated debate about the unaffordable real estate market in Indian cities. On X, a tech worker named Akhilesh shared a conversation with his friend, who, despite earning Rs 20 lakh annually, finds it impossible to afford a home in Gurugram with decent amenities. This situation underscores the increasing difficulty of homeownership, even for high earners, due to skyrocketing real estate prices.

Akhilesh's friend, who earns around Rs 1.2 lakh per month after taxes, EPF, and deductions, is faced with the reality that buying a house with modern amenities, such as infinity pools and biometric lifts, would leave him living paycheck to paycheck. The friend has no car, no kids, and only a partner, yet the financial burden of homeownership is still daunting.

The post has resonated with many who are struggling with similar issues. 'It’s wild how even a high salary feels inadequate in certain cities. Many people are in the same boat, juggling expenses while trying to save. It makes you question what success means nowadays,' wrote one user. Another commenter shared, 'It is the same story everywhere. In Hyderabad, a triplex villa outside ORR quotes a minimum of 2.5 crore. There are villas being sold for 9 crore, not sure what on earth these villas have. If one wants an apartment, prices range from 1.5 to 3 crore based on location. Buying a home is not a common man's dream anymore. The real estate market is completely in the hands of black money hoarders.'

The conversation has also sparked discussions about the broader economic and social implications. 'Gurgaon has brand new flats starting from as low as 65 lakhs for a 2BHK. Humans are aspiring high with shallow pockets,' expressed a third user. 'With this money, he can go to his ancestral home (most probably in a village), build a Lutyens bungalow, and enjoy clean air, clean water, grandeur, and a better social life. Stick with the cultural roots, better health, there are countless benefits,' suggested another.

The post has also raised questions about the transparency and fairness of the real estate market. 'Not just your friend, even people whose CTC is 50 lakh couldn't afford to buy apartments, forget about villas. For a low per capita country like India, the real estate prices are in the sky. Yet every project is sold out in pre-launch. Who and how they are buying is a mystery,' commented one user.

The situation in Gurugram is not unique; it reflects a broader trend in urban Indian cities where the cost of living, particularly housing, is outpacing income growth. This has significant implications for the quality of life and financial stability of young professionals and families. The debate continues to rage on social media, with many calling for more affordable housing options and greater transparency in the real estate market.

Frequently Asked Questions

What is the annual salary of Akhilesh's friend?

Akhilesh's friend earns Rs 20 lakh annually.

How much does Akhilesh's friend take home after taxes and deductions?

Akhilesh's friend takes home around Rs 1.2 lakh per month after taxes, EPF, and deductions.

What are the typical amenities in new homes in Gurugram?

New homes in Gurugram often come with amenities such as infinity pools, zen gardens, Italian marble, and biometric lifts.

Why is buying a home in Gurugram so expensive?

The high cost of homes in Gurugram is attributed to factors like high demand, limited land availability, and the presence of luxury amenities, which drive up prices.

What are some alternative solutions for affordable housing in India?

Some alternative solutions include buying in tier 2 or tier 3 cities, building a home in ancestral villages, and advocating for more affordable housing policies from the government.

Related News Articles

GCCs Drive Office Space Demand in India's Thriving Commercial Real Estate Sector
Real Estate Mumbai

GCCs Drive Office Space Demand in India's Thriving Commercial Real Estate Sector

GCCs' growing demand for office spaces fuels India's commercial real estate growth, with 67% planning to expand their portfolios by 10% in the next two years.

August 24, 2024
Read Article
Brigade Group Unveils ₹2700 Crore Residential Complex in Bengaluru's Whitefield
real estate news

Brigade Group Unveils ₹2700 Crore Residential Complex in Bengaluru's Whitefield

Brigade Group, a prominent real estate developer in India, has launched a significant residential project in Bengaluru's Whitefield. This 20-acre development, with a GDV of ₹2700 crore, aims to enhance the city's urban fabric with sustainable living space

January 6, 2025
Read Article
Mobile Cancer Diagnostic Van Screens Over 7,000 in Pune; 37 Patients Diagnosed
Real Estate Pune

Mobile Cancer Diagnostic Van Screens Over 7,000 in Pune; 37 Patients Diagnosed

A mobile cancer diagnostic van in Pune has successfully screened over 7,000 individuals, identifying 37 patients with cancer. This initiative has significantly improved early detection and treatment outcomes.

March 12, 2025
Read Article
Sangareddy Police Dismantles Gang Stealing Aluminum Cables from Real Estate Projects
Real Estate

Sangareddy Police Dismantles Gang Stealing Aluminum Cables from Real Estate Projects

Sangareddy police recently arrested nine individuals involved in the theft of aluminum electrical cables from various real estate developments in the area. The criminals were apprehended following an intense investigation and a series of raids.

April 16, 2025
Read Article
Mumbai-Based Wadhwa Group Aims for INR 2,500 Cr IPO Filing Next Month
Real Estate Mumbai

Mumbai-Based Wadhwa Group Aims for INR 2,500 Cr IPO Filing Next Month

Wadhwa Group, a prominent player in Mumbai's real estate sector, is gearing up for an IPO filing next month, targeting a valuation of INR 9000 crore. The move comes amid strong market momentum in the local real estate industry.

April 26, 2025
Read Article
MahaRERA: Priority Access to Quick Hearing for 7 New Conditions
Real Estate Maharashtra

MahaRERA: Priority Access to Quick Hearing for 7 New Conditions

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a new circular on April 8, 2025, introducing priority access to quick hearings for seven new conditions. This move aims to expedite the resolution of real estate disputes and enhance transparency in the sector.

April 29, 2025
Read Article