Recently, social media was taken by surprise when a post about a luxury apartment in Gurgaon stirred disbelief among users. A man, describing himself as a “recovering founder” on X (formerly Twitter), shared details about a new luxury apartment complex in Gurgaon with starting prices that left people astonished.
₹75 Crore for an Apartment in Gurgaon
The social media post by Abhinav Kukreja featured images of DLF’s latest high-end project, highlighting its extravagant amenities like a private theatre, games room, spa, and even an ice bath area. The smallest apartment in Gurgaon in this development was listed at a staggering ₹ 75 crore. Kukreja added to the shock by writing, “Can’t believe they cooked this in Gurgaon,” showcasing the incredible features of the luxurious project.
Comparisons to Global Luxury Properties
The announcement of such steep prices sparked discussions, with many people comparing the cost of an apartment in Gurgaon to luxury properties worldwide. Mr. Kukreja revealed that the smallest unit is around 9,500 square feet, with an estimated price of ₹ 80,000 per square foot. This means that owning a home in this complex could easily reach ₹ 75 crore ($9 million).
Reactions from Social Media Users
Social media users were quick to share their thoughts. One person humorously compared the cost of an apartment in Gurgaon to a similar-sized apartment in Italy, stating, “You can get a facing view in Italy for the same price with much better facilities.” Another user pointed out that a 1-bedroom apartment in the Burj Khalifa in Dubai starts at around ₹ 6 crore, which seemed like a bargain compared to the prices in Gurgaon.
Growing Concerns About Housing Affordability
Many users expressed frustration over the increasing costs of housing in India, particularly in urban areas like Gurgaon. One user commented, “For $1.2 million, you could get an apartment near Times Square in Manhattan.” Another added, “For this price, I think I can buy a home in Los Angeles. Real estate in our country has become so expensive, but people’s incomes remain the same.”
The Impact on the Middle Class
Several users echoed the sentiment that property prices have become unaffordable for the average person. One individual remarked, “If this continues, the middle class will never even dream of having a 2BHK house.” This reflects a growing concern about the widening gap between housing costs and income in cities like Gurgaon.
A Call for Change in the Real Estate Market
The conversation around the high price of an apartment in Gurgaon highlights a broader issue of escalating property costs in India. One commenter summarized the situation by saying, “Our real estate is out of control. Pound for pound, it’s cheaper to buy housing abroad than in India. This makes no sense, considering less than 30 years ago, Indian housing was affordable.”
Conclusion
The viral post has sparked a debate on the rising costs of luxury apartments and housing in Gurgaon and other urban areas of India. With prices skyrocketing, the dream of owning an apartment in Gurgaon or elsewhere in major cities is slipping out of reach for many. This trend has raised serious concerns about the future of affordable housing in India.
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