'Magnolias Park or Central Park': Viral post highlights what $3 million gets you in Gurgaon vs New York

Imagine having $3 million, roughly Rs 25 crore, to spend on a luxury abode! Where would you buy your dream house given the opportunity? In India or somewhere else? To help give a perspective to buyers regarding the dismal and shocking state of the country's real estate scenario management consultant Gurjot Ahluwalia posted a side-by-side comparison of what the amount will get you in Gurgaon vs in New York on his X account. The post went viral due to its shocking results! Keep scrolling to find out more.

Viral post highlights real estate market in India vs USA

Which $3M apartment would you prefer?

? Gurgaon or New York?
? 4BHK Flat or 6BHK Penthouse?
? Golf Course Road or Manhattan?
? Cyber City or Times Square?
? Magnolias Park or 3.4 sqkm Central Park?

IMO REAL Estate is a SCAM in India! pic.twitter.com/jNlPCm7fjK

¡ª Gurjot Ahluwalia (@gurjota) October 27, 2024

Captioning the post, "Which $3M apartment would you prefer?", Ahluwalia shared online listings of two luxury apartments. Sharing his sentiments saying, "IMO REAL Estate is a SCAM in India!" he revealed the amenities you will be getting with the apartment as well as photos of both the apartments' interiors, Ahluwalia highlighted how Indians are being scammed into giving into the country's sub-par quality of living.

We did a deep dive into both listings, check out what the whopping amount will get you in India vs the USA.

What $3 million (Rs 25 crore) gets you in Gurgaon

If you can extend your budget slightly to Rs 26.8 crore you will be able to get a 4BHK or even a 5BHK in Gurgaon's posh DLF Magnolias. As per a listing on 99 Acres, you will be able to get an apartment in the society with a built-up area of over 5,000 square feet.

In addition to the spacious apartment, the residential society lists a range of amenities like a covered [parking area, a swimming pool, a gym, a spa, and lush green spaces that you will have access to.

What $3 million (Rs 25 crore) gets you in New York

While Gurgaon's offerings do seem lavish, however, if you compare them to what you will get in the same price range in New York, which is considered to be one of the world's most expensive cities in the world you will be shocked!

As per a listing on Zillow, $2.85 million (roughly 23.9 crore), gets you a stunning 6-bedroom loft penthouse with a breathtaking view of the Manhattan skyline. The apartment also boasts a private double-rooftop terrace with river views, a private guest suite with a walk-in closet, a professional laundry room and a media room with a full bar.

How did the people react?

For naive people who think both places are the same, living at one of the above places provides you with

1. Social Security
2. Clean Air
3. Free education for children
4. Ease of business
5. One of the strongest passports in the world

¡ª Gurjot Ahluwalia (@gurjota) October 27, 2024

The viral post left the internet divided with its side-by-side comparison. While most people seemed to agree with Gurjot and left similarly frustrated comments like, "Totally agree Real Estate in particular magnolia types are a scam. Also apart from these regular ones are exorbitantly priced with horrible quality of construction. Something totally seems off when it comes to quality and pricing"

As well as, "It is a bubble which is going to burst one day!! Real-estate especially flats market is crazy in India"

A select few were quick to point out that New York is not all what is deemed to be saying, "At least in India people don't carry guns and fire randomly everywhere. In U.S., anything can happen."

While there were many whose sarcasm was too hard to miss! For instance, one user commented, "Who wouldn¡¯t opt for Gurgaon knowing that it has the best air and the best roads in the world?"

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