India lo middle class ela untunnaru?

[andhrabullet]

Even Kukatapally lanti crowded area lo 3 bhk 1c plus undi. 
janalu ela afford chesthunnaru? Nri kakunda local ppl.

[citizenofIND]

Kukatpally lanti area Lo land Ledhu obvious per sq will be high. 

[kevinUsa]

19 minutes ago, citizenofIND said:

Kukatpally lanti area Lo land Ledhu obvious per sq will be high. 

Even kharmanghat lo kuda 1c undi 

[nokia123]

2 hours ago, andhrabullet said:

Even Kukatapally lanti crowded area lo 3 bhk 1c plus undi. 
janalu ela afford chesthunnaru? Nri kakunda local ppl.

Inka middle class rent ki undatame…

[aratipandu]

2 hours ago, andhrabullet said:

Even Kukatapally lanti crowded area lo 3 bhk 1c plus undi. 
janalu ela afford chesthunnaru? Nri kakunda local ppl.

Middle class are buying old apartments in the city anna..very rundown buildings with old infrastructure but affordable unna buildings chuskuni konukkuntunnaru...

[akshith13]

Define Middle Class , income ranges are very confusing. The people who are making 75 lacs per annum are also middle class and people who are making  3 -5 lacs. 

Last year Avg income as per ITR stats is around 12-17 lacs. 

The person with 15 lacs income is getting 60 lacs home loan. That's how people are getting into rat race 

[lollilolli2020]

2 hours ago, andhrabullet said:

Even Kukatapally lanti crowded area lo 3 bhk 1c plus undi. 
janalu ela afford chesthunnaru? Nri kakunda local ppl.

ela vundatam endii uncle; 

konukovali ani anukunetodu konukuntunnadu; stomatha lenodu rent ki vuntununnadu. 

[ManOffSteel]

Most of the people's wealth is invested in real estate in India and hence the land prices and home prices are very high. In the US only 20 to 25% of the wealth is in real estate, remaining amount is int he stock market but in India most of the wealth is in real estate like 80%. Also India is a very crowded country, so obviously land is very expensive. 

[kevinUsa]

14 minutes ago, ManOffSteel said:

Most of the people's wealth is invested in real estate in India and hence the land prices and home prices are very high. In the US only 20 to 25% of the wealth is in real estate, remaining amount is int he stock market but in India most of the wealth is in real estate like 80%. Also India is a very crowded country, so obviously land is very expensive. 

 plus cities like hyd lo kotha developments chesina people are not willing to move, 4th city ani revanth's plan is good on paper kani akkada infrastructure ledu public transport connectivity ledu. oka metro veste to 4th city people will start moving kani state does not have money.  credit is the biggest problem in India. useless schemes like free bus. etc 

[Joker_007]

emundi Kaka... Okappudu Inti baruvu mathrame mose vaallu .. ippudu desanni kuda mostunnaru due to Free bees

[yslokesh]

1 hour ago, ManOffSteel said:

Most of the people's wealth is invested in real estate in India and hence the land prices and home prices are very high. In the US only 20 to 25% of the wealth is in real estate, remaining amount is int he stock market but in India most of the wealth is in real estate like 80%. Also India is a very crowded country, so obviously land is very expensive. 

Makes sense. May not be 80% but definitely a very big worrisome proportion thats impacting many lives directly 

[HighlyRespected]

An average IT employee falling under debt trap to own 2 or 3 bhk  by paying EMIs  20 to 25 years.

[neethy]

Bro, is everyone in US buying homes with downpayment in range of 1 million + ? Here you have mortgage, there homeloans with emis. what is the difference?

[citizenofIND]

6 hours ago, kevinUsa said:

Even kharmanghat lo kuda 1c undi 

It’s depend on the builder and stuff. In Kukatpally, since op mentioned, even an individual building with known land owner it is 1cr. Forget about high raised, no options here. 

even in small municipalities, we are selling 70 L a decent 2k sq ft apartment. 

[krishnaaa]

10 hours ago, kevinUsa said:

Even kharmanghat lo kuda 1c undi 

Home prices inside Hyderabad have stagnated and not rising as per inflation.

You can get a building with land for less than 2C

People are selling buildings with multiple apartments inside to buy 1 single apartment in West Hyderabad.