Mumbai29 minutes ago
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If you earn 11 lakh rupees annually and save 30% money annually to get your dream house, then this house will not be destined to you. Because it will take 109 years. This information has been revealed in a report by the Times of India.
According to the report, the top 5% of the rich families of Maharashtra earns an average of Rs 10.7 lakh annually. About 3.5 crore rupees will have to be spent to buy an average size i.e. 1,184 square feet of house. Which will take more than 100 years from annual savings.
In March 2025, the price of per square foot was Rs 29,911. To buy a similar house in Gurugram, you need to save 64 years, 50-60 years in Bhubaneswar, 36 years in Bengaluru and 35 years in Delhi.
How will 109 years take more than 3 lakh savings annually
- The top 5% of the rich of 21 states and union territories of the country were included to prepare the report.
- In the capital region, 1184 square foot was taken between the 3 house size fixed by the National Housing Board.
- Saving data was taken against the GDP of 2022-23 to detect savings, which is 30.2% of the income.
- Capita Consption (MPCE) was taken on the average monthly of the top-5% families. This is less in rural areas.
- Urban MPCE for Maharashtra is Rs 22,352 every month, Rs 10.7 lakh annually. Annual savings around 3.2 lakh rupees.
- According to the National Housing Board’s data from March 2025, the price of 1184 square feet will be ₹ 29,911 per square foot ₹ 3.5 crore.
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