1 hr ago
₹80K Monthly Salary Considered Poverty in Mumbai
A 24-year-old professional in Mumbai earns ₹80,000 a month and wants to buy a home.
A journalist named Vishal Bhargava said that ₹80,000 is almost poverty in Mumbai.
He advised the young professional not to rush into buying a home just because prices might rise.
Bhargava suggested focusing on career growth and saving money before making a big purchase.
He also said that buying a home early can make people more careful with their spending and career choices, which might slow down their growth.
The advice was to wait, save more, and then buy a home in the desired location.
A 24-year-old professional in Mumbai earns ₹80,000 per month and seeks advice on buying a home.
Journalist Vishal Bhargava states that ₹80,000 is almost poverty in Mumbai.
Bhargava advises against rushing into home purchases due to the myth of continuous price appreciation.
He suggests focusing on career growth and saving before making a major property purchase.
Bhargava highlights the financial and psychological implications of early home buying, such as reduced career risks and expenses.
- Who
- Vishal Bhargava, a real estate and infrastructure journalist, and a 24-year-old professional
- What
- Advice on home buying in Mumbai
- Where
- Mumbai, India
- When
- Present
- Why
- To discuss the feasibility of buying a home on a ₹80,000 monthly salary
Key facts
- Monthly Salary
- ₹80,000
- Location
- Mumbai, India
- Advice Source
- Vishal Bhargava
- Current Residence
- Andheri West
- Work Location
- Bandra Kurla Complex (BKC)
Quotes
Vishal Bhargava
Real estate and infrastructure journalist who gave housing advice.
“Don't go with the assumption that you have to buy quickly because home prices will keep rising and rising. It's the most popular myth or lie in real estate.”
freepressjournal.in
“For most people, Rs 80,000 per month is a good salary. But if you're in Mumbai, Rs 80,000 per month is almost below poverty line.”
freepressjournal.in
Sources
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