Is a ?3 crore 4 BHK in Kerala really worth it? Viral photos ignite heated debate
A recent post on X about a 3500 sq ft home in Kerala listed for ?3 crore sparked debate online. While some find the price reasonable, others argue it's overpriced. The property, fully furnished with 4 bedrooms and modern amenities, underscores the challenges of rising real estate prices and the struggle for financial viability in the current market.
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%.
What did the Kerala house look like?
4 BHK, 3500 sq ft is what 3Cr gets you in Kerala. pic.twitter.com/oRqSzmWqZg
¡ª Sidharth II ????????? (@sidharthgehlot) September 9, 2024
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.
How did people on the internet react?
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.
Too expensive.. There are better homes at far lesser price tag
¡ª Red Indian Trader (@redindiantrader) September 9, 2024
House Costing : Rs.50 lakhs
¡ª Visit Udupi (@VisitUdupi) September 9, 2024
Land Cost : 2.5 Cr ( 10 lakhs per cent ? What is the location?
Brilliant outdoors, terrible interiors
¡ª Dr Shaurya Garg (@DrShauryaGarg) September 10, 2024
They're looting people.
¡ª Gems of Bharat (@Gemsof_Bharat) September 9, 2024
Anyone can built such house in much less cost
¡ª Nitin (@gnitin21) September 14, 2024
unless one from premium society want to buy for recreation purpose and dispose
Cr replaced as "new Lac" nowadays
Also read: Kerala man opened a demat account for maid to invest in stocks on Zerodha, internet has mixed views
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