Ah, indian real estate—the never-ending rollercoaster that lets you dream of homeownership one moment and crushes your hopes the next. If you’ve been wondering why buying a house now feels like trying to catch a train that left the station years ago, let’s take a sarcastic stroll down memory lane.
2009-2014: The Golden Age of Skyrocketing Prices
Once upon a time, between 2009 and 2014, property prices in india shot up by a humble 30–120% across major cities. You know, just a small appreciation—totally reasonable. Developers and speculators had a blast, while regular homebuyers watched from the sidelines, hoping they’d win the lottery to afford a decent flat.
2014: The "Stabilization" Era
Then came 2014. And suddenly, real estate decided to become… stable? From a speculator’s paradise, it turned into a production-driven, customer-oriented market. Sounds good, right? Developers started actually building homes instead of hoarding land like it was a doomsday bunker. Prices didn’t go crazy, and middle-class indians could almost afford a house.
2022-Present: Oops, We Did It Again!
But wait—what’s that? The ghost of speculation returned in 2022, and property prices jumped 30% across India's top cities in just two years. Yep, while most people’s salaries were crawling at a snail’s pace, real estate prices sprinted like Usain Bolt. Clearly, the market had no interest in playing fair.
And now, here we are—homebuyers watching helplessly as prices soar, developers laughing all the way to the bank, and politicians throwing in a few "affordable housing" schemes as a formality.
What’s Next?
At this point, you have two options:
- Wait and pray that the next government somehow fixes this (lol).
- Join the game—start speculating, buy a flat you can’t afford, and hope to flip it before the next bubble bursts.
Meanwhile, The Ken has been covering these price movements and their wonderful implications for homebuyers for years. read all about it while you try not to cry into your rent agreement.
click and follow Indiaherald WhatsApp channel