Archive · 30 Dec 2025
IIM Graduate Earns Rs 1.2 Crore, Struggles to Afford Gurgaon Home
A man who earns a lot of money, about Rs 1.2 crore every year, is having a hard time buying a house in Gurgaon.
He has saved a lot of money, about Rs 7 crore, but houses in Gurgaon are very expensive.
Even a small house costs Rs 5 crore, and bigger ones cost even more.
He can either use all his savings to buy a house or take a loan and keep working for many more years.
People who commented on his post said that houses in Gurgaon are usually bought by people who have inherited money or are very rich, not by people who earn a salary.
Some suggested that he should move to a cheaper city and enjoy his life there.
An IIM Bangalore graduate earning Rs 1.2 crore annually struggles to afford a home in Gurgaon.
Despite Rs 7 crore in savings, property prices in prime locations like DLF Phase 2 start at Rs 5 crore.
Larger 4BHK units in upscale areas like MGF Vilas cost upwards of Rs 14 crore.
Older apartments are priced between Rs 3.5 and Rs 4.5 crore, with additional costs pushing the total to Rs 5 crore.
Comments suggest that property in Gurgaon is often purchased using inherited wealth or by high-net-worth individuals.
- Who
- An IIM Bangalore alumnus and corporate professional earning Rs 1.2 crore annually
- What
- Struggles to afford a home in Gurgaon despite significant income and savings
- When
- Current situation, no specific timeline provided
- Where
- Gurgaon, India
- Why
- High property prices in Gurgaon, especially in prime locations, make it difficult to afford a home even with a high income
High Earnings, Low Affordability
Alternative Living Solutions
Property Prices in Gurgaon
High Earnings, Low Affordability
Property prices in Gurgaon are exorbitant, making it difficult for even high-earning professionals to afford homes.
Alternative Living Solutions
Consider moving to tier 2 cities where the cost of living is significantly lower, and quality of life is high.
Financial Strain
High Earnings, Low Affordability
Even with substantial savings, purchasing a home in Gurgaon requires either depleting all savings or taking a long-term loan.
Alternative Living Solutions
Avoid spending all your savings on a property in Gurgaon; consider other investment options or lifestyle choices.
- Annual Salary
- Rs 1.2 crore
- Savings
- Rs 7 crore
- Monthly Income
- Rs 6 lakh
- Property Price in DLF Phase 2
- Rs 5 crore onwards
- Property Price in MGF Vilas
- Rs 14 crore onwards
- Older Apartments Price
- Rs 3.5-4.5 crore
- Estimated Total Cost with Additional Expenses
- Rs 5.4 crore
- Estimated Monthly EMI for Rs 3 Crore Loan
- Rs 2-3 lakh
