HomeNewsTrends'5 crore is the new 1 crore:' IIT Bombay alumnus narrates ordeal while trying to buy land, sparks discussion

'5 crore is the new 1 crore:' IIT Bombay alumnus narrates ordeal while trying to buy land, sparks discussion

IIT Bombay alumnus Kalpit Veerwal took to X to narrate his ordeal while trying to buy a plot of land. He remarked that five crore is now the new one crore and his post sparked a discussion on X.

April 04, 2024 / 15:58 IST
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metro city
Kalpit Veerwal shared his predicament in a viral post on X. (Image: @kalpitveerwal/X)

Owning a house or any sort of property is a dream for many. However, it is not any easy feat and sometimes it takes years to manifest. Something similar happened with an IIT Bombay alumnus. Kalpit Veerwal took to X to narrate his ordeal while trying to purchase a plot of land. And his post sparked a discussion on the microblogging site.

Veerwal talked how five crore is the new one crore in metro cities. He claimed that he it is difficult to get a decent flat in one crore. “Five crore is the new one crore. Can't even get a decent plot of land in one crore anymore (in metros, it's not even a decent flat),” read his post.

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See the post here:

Since being shared online, the post has gone viral with over 80,000 views. It also triggered a conversation on X, with social media users weighing in with their own opinions and experiences.

“20 years ago 'Kaun Banega Crorepati' show really meant something, for 1 crore back then you could get so much. A decent flat in a city like Noida will cost 1 crore now, don't even want to think about Bengaluru and Mumbai,” one user wrote.

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