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Why Buying a Home in India Is Now Harder Than in America
For the price of a spacious house on an acre of land in Connecticut, an Indian buyer gets a cramped 1200 sqft flat in Mumbai. Everyone assumes the reason is obvious. Too many people, too little land. But the reality is stranger than that.
Over 10 lakh homes are sitting unsold across India’s top eight cities. More than 3 lakh in Mumbai alone. A shortage that severe should not leave that many flats empty.
In this video we break down what is actually driving the numbers. The price to income ratio, the FSI caps that keep our cities from growing upward, the towns operating without a master plan, and the land acquisition mess that keeps tier 2 and tier 3 India underbuilt. At the same time, we examine the circle rate loophole that turned real estate into the country’s largest parking lot for unaccounted cash.
This is not about property prices. It is about housing quietly turning from a basic need into an asset class, and what it will take to reverse that.
Watch till the end before forming an opinion.
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Sources & Reference: https://docs.google.com/document/d/1ena8mn6KWen5uicoVZd5ybxZRXqcl96a8pehuJ2oThk/edit?usp=sharing