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🏘️ India’s real estate boom is pricing Indians out of homes.
What we’re building today isn’t housing — it’s speculation.

Let me explain:

1️⃣ Mumbai
– Flats in Worli & Bandra now sell for ₹80,000–₹2.5 lakh per sq. ft.
– But most remain vacant.
– Owned by investors who never live there.
– Supply exists, but it’s locked away from real people.

2️⃣ Gurgaon
– Super-luxury towers like DLF Camellias are selling at ₹100 Cr+.
– These are 2nd, 3rd, even 4th homes.
– Local incomes can’t keep up = locals pushed out.
– Empty towers dominate the skyline.

3️⃣ Hyderabad
– Was once affordable. But FOMO & easy credit inflated prices.
– Builders overbuilt. Demand collapsed.
– Resale prices dropped 15–30% in parts.
– Govt had to freeze new permissions.

Across metros, the pattern is the same:
🏢 High prices, low occupancy, distorted demand.

But here’s the twist…

🧠 Monaco — one of the richest places in the world — doesn’t allow this nonsense.

✅ You need to live in your house at least 6 months/year.
✅ Utilities & taxes are tracked to prevent idle assets.
✅ No proof of residency = no ownership.
✅ Wealth is filtered via deposits in Monaco banks.

Result?
– No ghost towers.
– No speculative frenzy.
– Locals aren’t priced out of their own city.

📜 Policy India needs (inspired by Monaco & others):
1. Vacancy Tax – Tax unused homes after 12 months.
2. Occupancy Declaration – Yearly audit of home use.
3. Higher Stamp Duty for Investors – Like in Hong Kong.
4. Builder Licensing Caps – Stop approvals in oversupplied markets.
5. Minimum Holding Periods – Higher tax if you flip in less than 3 years.

🏙️ India’s goal should be to build homes, not hollow assets.
Otherwise, we’ll keep creating wealth traps, not wealth creators.