One of the downsides of growing up and living on your own is putting great thought into the prospect of owning a house someday. However, after seeing the current prices of real estate properties located in metropolitan cities in India, one might have second, third, and fourth thoughts or give up the idea entirely,
However, a user on Twitter named Arati compared apartment prices in Bhandup, Maharastra, and Rochester, New York state. For Rs 70 lakh, a person would get a 350 square feet apartment in Bhandup.
However, for 80,000 USD (Rs 66 lakhs approx), they could get a 1,200 square feet, 3-bedroom apartment in Rochester.
For 80,000$ you can either buy a 350sqft apartment in Bhandup or a whole house, 1200sqft , 3bedrooms in a tier-2 American city like Rochester….😂
Per Capita income in Rochester is $ 58K pic.twitter.com/OOgdytwWyZ
— arati (@Arati1411) June 4, 2023
That’s not all. For 230K USD or Rs 1.90 crore approx, one can buy a 2-BHK apartment in Vikhroli, a suburb of Mumbai.
And for the same price, they could buy a 1300 square feet 2-BHK apartment in a well-connected Dubai suburb that’s a 15-minute drive away from Palm Jumeirah.
For INR 1.89 crores or $ 230,000 you can either buy an 800sqft 2bhk in Vikhroli or a 1300sqft 2bhk in a well connected Dubai suburb (approx 15mins drive to the Palm Jumeirah) pic.twitter.com/GFxzg4sVAg
— arati (@Arati1411) June 4, 2023
People online were left shocked after knowing about such steep property prices in India. Here’s what some of them said:
Indian metro property prices make no sense to me
— Vedica Kant (@vedicakant) June 4, 2023
For this amount, approx ₹66 lacs, you’ll get a 2 BHK unfurnished flat bare shell in kolkata that too a very outer location.
America is Sasta as compared to even kolkata.— Rahul M Maheswari 🇮🇳 (@rahulsofficial) June 5, 2023
How does one get to Rochester?
— VeeratheHeera (@ForamVeera) June 5, 2023
Housing is the new way of keeping people enslaved.
— Jenith Mehta (@jenith_mehta) June 5, 2023
What are your views on these prices?