The Economic Times

Techie earns Rs 25 LPA, 4 times more than his father, yet cannot afford the same home his father bought. What changed?

Noidas rising property prices highlight the growing gap between salaries and home affordability. Social media user Ankit Pandey compared a software engineer earning Rs 25 LPA with his father, who bought a similar home in 2005 at just 18 times his monthly salary. Current Noida property prices vary widely, while Reuters reports continued housing price growth. Experts also point to shrinking affordable housing supply, raising concerns about whether Indias middle class is earning more but paying disproportionately more.