Financial influencer and entrepreneur Sharan Hegde, Founder & CEO at GetOnePercent, has sparked a heated debate on India’s housing market after declaring that spending over ₹1 crore on rent in the past decade made him wealthier than buying property would have.

In a post on X (formerly Twitter), Hegde wrote, “I’ve spent ₹1 crore on rent in 10 years… and I’d do it again. As a multi-millionaire, I could write a check for a ₹5 crore house today. But I won’t. Renting made me ₹3.1 crores richer than buying would have.” Advertisement

Renting over Buying

According to Hegde, India’s real estate is “the most expensive in the world” when adjusted to income levels, costing 15-20 times annual income compared to a global average of 5x. He argues that a ₹1 crore house eventually costs ₹2 crore in EM

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