25-year-old Gen Z techie earning Rs 1.8 lakh says Bengaluru homes are unaffordable
A 25-year-old cybersecurity professional in Bengaluru faces challenges with high housing prices despite earning a good salary. He initially thought he could afford a decent home with a Rs 1.3 crore budget. After exploring properties, he realized that affordability in major cities is increasingly difficult for young professionals. His experience raises questions about home ownership dreams among…
A 25-year-old cybersecurity professional living in Bengaluru has expressed his disbelief at the steep housing prices, stating that even with a monthly income of Rs 1.8 lakh, affording a desirable home seems unattainable. The individual, who has a frugal lifestyle and invests a significant portion of his income, initially thought a budget of Rs 1.3 crore would be sufficient for his desired home.
However, upon visiting properties in popular areas like Indiranagar and Whitefield, he discovered that a Rs 1.3 crore budget could only secure a small 2 BHK in a sub-standard building. Larger gated communities could exceed Rs 2 crore. This revelation has left him questioning whether his high salary is enough to make home ownership achievable in major Indian cities.
He now contemplates whether he should maintain his cost-cutting lifestyle for several more years, save more, or take a loan to purchase a home. His predicament is shared by many young professionals in India, who face an increasingly difficult challenge in buying a home due to soaring property prices. Social media users echoed similar sentiments, with some arguing that buying a home only becomes feasible after 35-40 years, while others believe the Indian housing market may remain expensive without significant disruption.
Written by urgent.news from Times of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
