November 10, 2024 |
Gurugram vs New York: Shocking Real Estate Difference will Blow Your Mind
A recent post on X (formerly Twitter) has sparked an online debate about real estate prices in India versus the United States.A management consultant Gurjot Ahluwalia shared an eye-opening comparison of what $3 million (roughly Rs 25 crore) can get a buyer in Gurugram compared to New York.
In his post, Ahluwalia revealed that $3 million would buy you a spacious 4 BHK or 5 BHK apartment in a high-end society in Gurugram. However, in New York—a city known for its sky-high property prices—that same amount could fetch a luxurious 6-room penthouse overlooking the iconic skyline.
“Which $3M apartment would you prefer?” he asked, posting screenshots of the two listings side-by-side.
The images showed that in Gurugram’s upscale DLF Magnolias, Rs 26.8 crore could get you a 4BHK or even a 5BHK.
Gurugram’s upscale DLF Magnolias boasts amenities like a pool, gym, spa, covered parking, and lush green spaces.
Meanwhile, for about $2.85 million (roughly Rs 23 crore), you could own a penthouse in New York with a breathtaking view.
This comparison between New York and Gurugram triggered strong reactions on social media. Many users shared their frustration with India’s real estate market, calling it overpriced and a “scam.”
One user wrote, “It’s a bubble waiting to burst! Real estate, especially flats, is crazy in India.”
Another added, “With $1M, you can buy a mansion in the US and live like royalty…real estate here is daylight robbery.”
A third person chimed in, “India’s real estate is the biggest scam ever. With this money, you could get one of the best villas in Dubai. Maybe even two!”
One X user also shared a personal experience, saying, “The Gurgaon real estate market is the worst in the world. Rates are higher than Dubai, Singapore, and New York, but facilities are like those in underdeveloped countries. I left Gurgaon and moved to Chandigarh because of this.”
Source : ET
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