“$ 1 crore in debt only to stay in Delhi …”: Post viral exposes a hard truth about the real estate crisis of capital


Once a city in bungalows and ancestral houses, Delhi’s real estate market has become a battlefield for the middle class, trapped between the upper prices of heaven and the expectations of the ancient world. As infrastructural updates and urban extension influence the values ​​of property in the capital, the protruding account of a Reddit user reveals the painful mismatch between real estate dreams and land realities. Its history, echoing thousands of the whole city, brings to light the dim arithmetic of trying to have a house in Delhi today.

Highlighted by a viral Reddit site, the pure cost of having a house in Delhi has left many dazed. “Delhi’s real estate property is out of the reach of a middle -class pay person,” the user wrote, capturing a feeling that hit an agreement with many.

Sharing their struggle, the user explained how his family insisted on buying Delhi because of “the old mentality that Ghaziabad/Noida is bad.” The search caused some eye opening discoveries:

East Delhi

  • IP extension: 3 BHK in a closed colony starts at 1.8 ₹ crore
  • Krishna Nagar: 3 BHK ranges from 95 $ lakh to 1.8 ₹ crore
  • Laxmi nagar: avoided by his “bad reputation”

South Delhi

  • CR PARK: 4.5 ₹ crore for a 3 bhk
  • A 4 BHK property found during the search was priced at 6.5 ₹ crore

Delhi from the north

  • Town Model: 2.5 ₹ Crore for a 3 BHK
  • North/East Delhi: 1.9 ₹ – 2.5 lakes per square garden

In the face of unattainable listings and family pressure, the user regretted: “I just want to leave the northeast of Delhi, but now it is so difficult to buy a property.” Despite having an ancestral house worth more than 2 ₹ crore, the financial burden is important. “It seems that I will end easily with a debt of 1 crore, although my parents deposit the initial amount,” they said, and they added, “moving from a whole house to a value of valuable crores does not seem fair to me, but Kya Kar Sakte Haan ab?”

The publication led to a strong commitment and empathy of colleagues.

“With all high prices, looking from a common perspective, I think it’s a long winter to come,” a commentator said. “If the rupee falls more, we will see even more gap between income and accessibility.”

Another called “the largest scam in India”, citing the largest lag between property prices and stagnant salaries. “In 2014, Price Flat was 30 lakes … Now 1.4 cr. The coolest salary, then it was 3 lpa, now 3.5 lp. Even 40 LPAs cannot be easily purchased.”

A third user, disappointed with life in northeastern Delhi, wrote: “Pollution, crime, congestion, traffic and what is not. Delhi is undoubtedly a living hell now.” They moved to Dehradun and did not express any regret.

And then came a fundamental advice: “Paying crores for a flat after leaving an appropriate ancestral house feels like a descent … maybe you try to convince them for Naida/Ghaziabad: better societies, less debt and larger space.”



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