Congress leader Rahul Gandhi raised alarm on Thursday over the skyrocketing cost of housing, especially in big cities like Mumbai. Sharing a media report on his WhatsApp channel, he pointed out that even the richest 5% of urban families in Maharashtra would need to save 30% of their income for over 100 years to buy a house in Mumbai.
“Yes, you read it right,” Gandhi said. “To buy a house in Mumbai, even the richest five per cent of India’s people will have to save 30 per cent of their income for 109 years!”
He highlighted the harsh reality for most people working hard in cities in search of better opportunities but facing the impossibility of owning a home.
“The inheritance of the poor and middle class is not wealth, but responsibilities — expensive education, healthcare worries, caring for parents, or buying a small car,” Gandhi said. “Yet they dream of having their own home one day. But when that ‘one day’ is 109 years away even for the rich, it shows the poor are being denied their right to dream.”
He emphasized that every family deserves a safe and comfortable home, but rising costs make it beyond the reach of most people’s lifetime earnings.
“The next time someone talks about GDP growth, show them the reality of your household budget — and ask, who is this economy really for?” Gandhi added.
His remarks come amid growing concerns about housing affordability and economic inequality in India’s urban centers.
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