Arecent post on X (formerly Twitter) by a user named Abhinav Kukreja has sparked significant conversation online about the skyrocketing prices of luxury apartments in Gurugram. Kukreja shared images of DLF’s latest high-end project, highlighting extravagant amenities such as private theatres, games rooms, and spa facilities. However, what truly shocked social media users was the starting price of Rs 75 crore for the smallest unit in the development.
In his post, Kukreja wrote, “Can’t believe they cooked this in Gurugram,” underlining the scale of luxury on offer and the associated costs. According to him, the smallest apartment in the project covers 9,500 square feet, with an estimated price of Rs 80,000 per square foot. This places the starting price for the smallest unit at Rs 75 crore (approximately $9 million).
DLF launched their new project, The Dahlias on Golf Course Road, Gurgaon today.
— Abhinav Kukreja (@kukreja_abhinav) October 9, 2024
Smallest apartment configuration is 9500 sqft. Expected selling price is ₹80k per sqft.
This means that there is now a building in Gurgaon where the cheapest home costs ~ ₹75Cr ($9m) https://t.co/SUqUMgNKWc
The post triggered a wave of reactions on social media, with users expressing disbelief at the price tag and making comparisons to property prices in some of the world’s most iconic cities. One user remarked, “You can get a facing view in Italy for the same price with much better facilities,” while another noted, “Rs 75 crore for a Gurugram apartment or an apartment in the Burj Khalifa. Tough choice…”
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Others echoed similar concerns, pointing out that for $1.2 million, one could buy an apartment near Times Square in Manhattan, or a home in Los Angeles for a fraction of the cost. The sentiment among many users was that real estate prices in India, particularly in urban centres like Gurugram, have become increasingly unaffordable for the average citizen.
Some users took the conversation further, reflecting on the broader issue of escalating property prices in India. “Our real estate is out of control. Pound for pound, It’s cheaper to buy housing abroad than in India,” wrote one user.
“Does that include a helicopter service in case it floods?” a user questioned sarcastically.
A user stated, “Leave purchasing house, I think majority of people here would find it difficult to pay its monthly maintenance.”
