Many people still aspire to own a home because it provides security and a potential source of income. However, in the post-Covid period, housing values have skyrocketed, making home ownership unattainable for many in major cities. In places like Delhi, Noida, and Bengaluru, the cost of a 3 BHK apartment averages approximately ? 2 crore, while a 4 BHK can range from ? 2.5-3 crore.?
The rise in pricing has prompted many people to reassess their alternatives, evaluating the hardship of long-term EMI payments against high bank interest rates of more than 8%.
A recent post on X regarding a four-bedroom property in Kerala sparked a big internet conversation. A web developer and entrepreneur shared a post highlighting a 3500 sq ft home listed for ? 3 crore. The post includes a link to the Olx listing and provides information on the home's size, amenities, and price.
The Olx listing offers the property as fully furnished, with four bedrooms, four bathrooms, two parking spaces, a terrace, a balcony, and an attic, ideal for people seeking a spacious and well-equipped home.?
As the argument continues, it highlights the broader issues that potential homeowners have in dealing with rising property prices and the search for financial viability in a rapidly shifting real estate market.
There have been conflicting reactions to the post. Some users believe that the price is reasonable. Others, however, oppose the listing, claiming that it is overpriced. Here's what people wrote.?
Also read:?Kerala man opened a demat account for maid to invest in stocks on Zerodha, internet has mixed views
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