Indian Property Market Faces Criticism in Viral Post Comparing U.S. and Indian Real Estate

In a recent viral post, management consultant Gurjot Ahluwalia sparked online debate by comparing what $3 million (around Rs 25 crore) could buy in real estate across Gurgaon, India, and New York City, USA.

In a recent viral post, management consultant Gurjot Ahluwalia sparked online debate by comparing what $3 million (around Rs 25 crore) could buy in real estate across Gurgaon, India, and New York City, USA. On X (formerly Twitter), Ahluwalia presented the stark contrast between a spacious 4BHK or 5BHK apartment in Gurgaon’s luxurious DLF Magnolias, complete with high-end amenities such as a pool, spa, gym, and green spaces, versus a six-room penthouse in Manhattan with panoramic views of New York’s iconic skyline. The comparison raised questions about India’s real estate pricing. Ahluwalia’s post resonated with users who criticized the inflated costs in metro areas like Gurgaon. Many echoed his sentiment that Indian real estate feels like a “scam.”

Responses ranged from observations about an impending “property bubble” to disbelief at how far money stretches in international markets. One commenter noted that $1 million could buy a mansion in the U.S., allowing one to “live like a royal.” In comparison, $3 million could secure “one of the best villas in Dubai,” possibly even two. Another user shared that during a recent visit to Washington D.C., they found a 3BHK bungalow with a courtyard for Rs 4 to 5 crore. Other commenters criticized Gurgaon’s real estate facilities, likening them to those found in “African countries” and noting the high tax burdens. Citing high costs, one user shared their decision to relocate from Gurgaon to Chandigarh, where real estate was deemed more reasonable.