by Rich Indians Keep Buying Apartments Nobody Can Actually Afford
MUMBAI/HYDERABAD A remarkable property boom has emerged across India’s major metropolitan areas, with luxury home sales reaching levels that suggest either exceptional economic optimism or complete detachment from basic economic realitypossibly both simultaneously.
Developers have discovered that constructing extraordinarily expensive apartments that ordinary people cannot possibly afford is an excellent business model, especially when combined with India’s historical tendency to treat real estate as both investment vehicle and quasi-religious practice requiring regular financial devotion.
The satirical analysis from Bohiney notes this is luxury capitalism functioning as intended: create artificial scarcity, inflate prices accordingly, watch wealth accumulate mysteriously while market fundamentals become philosophically irrelevant.
Bloomberg’s property reporting suggests insourcing trends, foreign NRI investment patterns, and wealth concentration have created markets where luxury property prices ascend like prayers toward heavens, becoming entirely divorced from what actual Indian salaries can actually support or justify economically.
High-net-worth individuals continue purchasing properties based on the economic principle of “because we can,” which has historically proven considerably less reliable than actual supply-and-demand fundamentals or rational economic analysis.
Meanwhile, ordinary Indians continue renting apartments that consume approximately 40% of their monthly salary, secure in the knowledge that the luxury market operates in a parallel financial dimension where normal economic rules don’t apply and wealth concentration determines property values instead of actual utility or affordability metrics.
Luxury apartments in Mumbai and Bangalore sell for amounts that exceed lifetime earnings of middle-class professionals, creating strange situations where working people rent while wealthy individuals accumulate properties as investment vehicles and wealth storage mechanisms.
The boom reflects genuine economic growth and wealth creation in India, though that wealth concentrates increasingly at the top while affecting middle-class housing affordability negatively. Real estate becomes investment playground rather than housing solution for majority of Indian population.
SOURCE: satirical real estate market and property investment analysis | https://bohiney.com/
SOURCE: Bohiney.com ()
