Viral post compares $3 million homes in Gurgaon and New York: ‘Indian real estate is a scam’ | In trend

As for real estate, $3 million (approx ₹25 crore) can mean completely different things in India and the United States, as a recent post that went viral on X highlights. Management consultant Gurjot Ahluwalia shared a side-by-side comparison of what $3 million would get a buyer in India vs. social media users were shocked by the discrepancy, which highlights just how overpriced the Indian property market is

“Which $3 million apartment would you prefer?” Aluwalaya wrote on X, sharing screenshots of two lists taken from the Internet.

₹25 Crore Apartment in Gurgaon

If you have ₹25 crores and you are willing to stretch your budget a little more, you can buy a 4BHK or 5BHK in a posh society in Gurgaon. This is evidenced by the listing on 99 acres ₹26.8 crore will get you an apartment in Gurgaon with a built-up area of ​​over 5000 sq.ft.

The apartment will be located in a residential complex that offers a number of amenities, including a swimming pool, covered parking, gym, spa, access to green spaces and more.

Not too shabby – but nothing compared to what you’d get in New York for the same amount.

$3 million in New York

AND Zillow listing shows that $2.85 million ( ₹23.9 crores approx), is enough for a stunning 6-room penthouse overlooking the iconic New York skyline in the United States.

The penthouse, with a terrace, consists of a “52-foot huge great room with 14-foot ceilings and breathtaking river views to the east, south and north.” It also features a master bedroom with “tranquil views of the East River and city skyline,” a separate guest suite with walk-in closet, a media room with a full bar, a professional laundry, additional large bedrooms, and access to a double roof deck. with 360-degree views of the Manhattan skyline.

The Rover View Penthouse is 4,500 square feet.

“Real estate in India is a scam”

A comparison between Gurgaon and New York has led many social media users, including Gurjot Aluwalia, to conclude that real estate prices in India are “cheating” customers.

“We are the most overpriced real estate market with the poorest infrastructure,” wrote Lok Sabha member Karti Chidambaram.

“Property pricing in India is a scam created by black money holders,” opined another user X.

“Horrible… for $1 million you can buy a mansion in the US and live like royalty… real estate in India is a rip-off,” said another.

“Indian real estate is the biggest scam. For this money you will have one of the best villas in Dubai. Maybe even 2,” user X Siddharth wrote. Some X users predicted that India’s “real estate bubble” would soon burst.