Bengaluru techie's reality check on ₹2 crore flats goes viral — ‘Gen Z getting humbled by housing prices’
The techie noted that he leads a frugal lifestyle and had savings, but even with significant savings, a decent home in a gated community remains out of reach.
A 25-year-old cybersecurity professional in Bengaluru shared his struggles with the city's soaring real estate prices on Reddit. He highlighted that despite earning ₹1.8 lakh monthly, even a decent home in a gated community is out of reach for him. The techie lives a frugal lifestyle, with monthly living expenses of ₹31,000 in a paying guest accommodation and invests ₹75,000 monthly in SIPs for a 10% return.
He assumed a ₹1.3 crore home would be affordable, but was shocked to find that even spacious flats in large gated communities are priced above ₹2 crore. The post went viral, sparking debate among millennials and Gen Z about the disconnect between high earning young professionals and property valuations. Many advised him to delay home buying and save more, while others questioned the sustainability of current property prices.
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