Rs 1 crore income, still unable to buy home: Gurgaon couple frustrated with 'broken' real estate market after months of search

Despite earning a combined Rs 1 crore annually, a Gurgaon-based couple is struggling to buy a home in the city. With a budget of Rs 1.5–1.7 crore, months of searching have yielded few viable options due to poor construction quality, limited amenit...

Couple in Gurgaon Finds Homeownership Out of Reach Despite Rs 1 Crore Income
As property prices in India’s major cities continue to rise, homeownership is increasingly becoming a challenge even for high‑earning professionals. Urban centres such as Gurgaon, Bengaluru, and Pune have seen steep real estate inflation, making it difficult for individuals and families to secure homes that balance affordability, location, and quality. The combination of rising costs, limited supply, and inconsistent construction standards has left many prospective buyers questioning the value they receive for their investment.

High Income, Limited Options

A Gurgaon-based couple earning a combined annual income of around ₹1 crore shared their frustration on Reddit after months of searching for a home that met their expectations. Despite setting a budget of ₹1.5 crore, which they were willing to stretch to ₹1.7 crore, they reported finding no suitable options in the city. The couple described most available properties as either poorly constructed or lacking basic maintenance and amenities. They highlighted that peers in cities like Pune and Noida were able to purchase comparable homes within similar budgets, intensifying their sense of being “left behind.”



The couple’s post criticised local infrastructure, including roads that worsen during the monsoon and high pollution levels, as well as the overall reliability of builders. They noted that reputable developer names in other cities, such as Prestige and Godrej, inspire confidence, while Gurgaon’s projects often fail to deliver consistent quality. The couple also expressed surprise at their employer’s assumption that living costs in Gurgaon would be higher than in Bengaluru, only to find the opposite in reality.

Mixed Reactions

The post sparked wide discussion among Reddit users, reflecting the broader debate over Gurgaon’s real estate market. Some commenters argued that an annual income of ₹1 crore is no longer exceptional relative to property prices, with suggested budgets for competitive areas often exceeding ₹3 crore. Others noted that affordable housing options exist in outer sectors or nearby cities like Faridabad and Bhiwadi, though these may require compromises on location or amenities. Some users emphasised that the market’s pricing reflects investor demand and limited supply rather than buyers’ personal circumstances.


While the couple expressed a strong desire to own a home in Gurgaon, they acknowledged the practical challenges of doing so without stretching finances excessively. Their experience highlights a growing tension for urban professionals: the aspiration of homeownership versus the reality of a real estate market where prices may not align with quality or accessibility.
ADVERTISEMENT
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › Magazines › Panache › Rs 1 crore income, still unable to buy home: Gurgaon couple frustrated with 'broken' real estate market after months of search
Text Size:AAA
Success
This article has been saved

*

+