A Gurgaon resident has sparked a discussion online after sharing his frustration over the rapidly rising cost of renting a family home in the city. The man said he had been searching for a three-bedroom apartment for his family of three, but the prices being quoted by brokers no longer seemed reasonable.
Taking to Reddit, the user explained that even apartments located away from Gurgaon’s most premium neighbourhoods were now commanding monthly rents of ₹50,000 or more.
‘The numbers just don’t add up anymore’
“I've been house hunting for a 3BHK for my family of three, and the numbers just don't add up anymore. A 1,700 sq. ft. 3BHK on Golf Course Extension Road is now being quoted at ₹50,000+ per month, while in many central Gurgaon sectors, ₹60,000+ has become the norm,” he wrote.
According to the user, brokers repeatedly asked him to stretch his budget instead of offering homes within his preferred price range.
{{/usCountry}}According to the user, brokers repeatedly asked him to stretch his budget instead of offering homes within his preferred price range.
{{/usCountry}}“Every broker has the same response: ‘Sir, you'll have to increase your budget.’ But what people don't realise is that a ₹5,000 increase in monthly rent means another ₹60,000 every year. And somehow, every apartment you see is just ‘another ₹5,000,’” he added.
The man further broke down the annual cost of renting a home at these prices. He said that a monthly rent of ₹50,000 alone amounts to ₹6 lakh a year, without including maintenance charges, electricity bills and other household expenses.
“At ₹50k rent, you're already paying ₹6 lakh a year, excluding maintenance, electricity, and other expenses. Add maintenance, and you're easily looking at ₹7 lakh+ annually just to have a roof over your head,” he wrote.
‘Salaries haven’t increased at this pace’
Questioning how middle-class families were expected to manage such expenses, the Reddit user said salary growth had failed to keep up with rising rents.
“Salaries haven't increased at this pace. How are middle-class families supposed to justify spending this much on rent? Are people actually paying these prices, or have landlords and brokers simply decided that ‘increase your budget’ is the solution to everything?” he asked.
The post was shared with the title, “When did ₹50k become the new ‘affordable’ rent in Gurgaon?”
(Also read: ₹37,000 rent">Gurgaon couple breaks down monthly expenses with ₹37,000 rent)
Check out the post here:
Internet reacts
The discussion resonated with several users who shared similar concerns. One person wrote, “Gurgaon rents are getting out of hand,” while another remarked, “ ₹50,000 is no longer affordable.” A third user pointed out, “Salaries are not rising this fast.” Another summed up the situation by saying, “Renting now feels like paying an EMI.”
(Disclaimer: This report is based on user-generated content from social media. HT.com has not independently verified the claims and does not endorse them.)