'Who is buying these apartments?': Techie shares video of under-construction apartments in Noida sold for Rs 15 crore
Real estate prices in India are skyrocketing, particularly in metro cities where buyers often pay exorbitant amounts, incur significant debt, and still end up with modest-sized homes. An engineer from Delhi NCR recently highlighted this issue by showcasing under-construction apartments in Noida being sold for ?15 crore. He posed a crucial question: Who is actually purchasing these high-priced flats?
Real estate prices in India are skyrocketing, particularly in metro cities where buyers often pay exorbitant amounts, incur significant debt, and still end up with modest-sized homes. An engineer from Delhi NCR recently highlighted this issue by showcasing under-construction apartments in Noida being sold for ?15 crore. He posed a crucial question: Who is actually purchasing these high-priced flats?
ATS Knightsbridge, a luxury housing project in Noida
Kashish Chhibber, known as "Witty Engineer" on Instagram, recently took his followers on a virtual tour of Noida Sector 124, where he visited the upcoming ATS Knightsbridge development.
In his video, he asked, "Can you guess the cost of an apartment here? It's ?15 crore for a 4BHK and ?25 crore for a 6BHK!"
He expressed his disbelief, adding, "I'm forced to wonder who is buying these apartments. What work do they do? I also felt like no matter how many jobs I switch, no matter how much I trade or invest, will I ever be able to afford a 4BHK in this society?"
Watch the video here:
One of his followers commented, "No need to buy flats at this price. Better to buy a piece of land and build a bungalow."
Another pointed out, "This is artificial inflation."
A third follower offered a logical perspective: "The only way to get super rich is by owning a business that puts your money to work for you when you are not working. If you only sell your time for money¡ªlike a doctor, lawyer, or any employee¡ªthe chances of getting this rich are very slim. You don't need to own a business directly; even buying shares and investing over long periods can get you this wealth."
A follower from Mumbai shared their experience: "I'm from Mumbai, and I have many friends who were weak in school but after studying and starting their own businesses, they are now buying expensive homes. This is very common in Mumbai."
It seems that, according to people, owning your own business or investing your money wisely is the path to such riches.
What's your take on this?
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