H
yderabad's real estate market, once a haven for India's aspiring middle class, is now pricing out even well-paid tech professionals. The city's skyrocketing property prices, combined with growing family responsibilities and intense societal pressure to own a home, are leaving many young men with limited options. For instance, non-branded apartments located 40 minutes from Hitech City are now priced at ₹1.2-1.5 crore, making homeownership unaffordable for most middle-class buyers.
Some young professionals are turning to plot investments as a more affordable alternative, allowing them to build homes at their own pace. A 28-year-old software engineer shared how owning a home is becoming difficult due to his limited disposable income after supporting his siblings' education and household expenses. He finds it disheartening that even in his native town, a modest house costs around ₹75 lakh.
Redditors are exploring affordable housing options but face numerous roadblocks. Many are now shifting their preference towards purchasing land, even if it means moving further from the city. One Redditor suggested booking an under-construction flat with a Tier-1 builder to signal financial stability and get married, then flipping the apartment to recover the money. However, this plan comes with its own set of challenges, including interest on partial disbursement.
The stark mismatch between available inventory and what most middle-class buyers can afford is becoming increasingly apparent. Even non-branded apartments are priced at ₹1.2-1.5 crore, making homeownership unsustainable for many. As a result, some young professionals are opting to buy plots of land instead of expensive homes, hoping to build something for the future.
