Noida's rapidly rising property prices have come under the spotlight after a local resident shared a viral Instagram video describing the harsh reality of buying a home in the NCR city.
Calling a compact apartment a "kabutar khana" (pigeonhole), the man claimed that even such a small flat now costs around Rs 80 lakh. According to him, buying a modest 2 BHK in Noida requires a monthly salary of at least Rs 1 lakh and a down payment of around Rs 25 lakh.
In the post, he wrote: "Machis se bhi patla aur kabutar khana bolne wale is apartment ko kharidne ke liye bhi aaj Rs 80 lakh tak ka budget chahiye! Aur iske liye: - Salary Rs 1 lakh+ per month - Down payment Rs 25 lakh ke aas-paas
Tab jaakar Noida mein ek chhota sa ghar lena possible hota hai. Real estate ki reality kadvi zaroor hai."
The viral post comes at a time when Noida is witnessing a sharp rise in residential property prices, particularly in the premium and luxury housing segment.
