Typical average IT guy is completely irrelevant to the real estate market . That comment you copied exemplifies the sort of selfabsorbed blinkered attitude people on social media have . The world is not defined by the lens of your own perspective . i am in IT . i know some salaries there . so i put the real numbers . others can extrapolate as per their profession and salaries . plus i do not know where u stay , but i am staying in mumbai and in property hunt for years and know market quite well . Anyone who tries to buy real estate right now would be taking a huge risk , since prices can completely crash at any time . in one of the greatest recession of 2008 too the market rates dropped by 10 15 %. right now prices have doubled to that of 2010 values in urban and 3 to 4 times in nonurban places . have personally bought and sold propertyyou make strong conclusions without much understanding of context i must say