Were buyers fortunate to see their real estate investments quadruple over the past two years?

By Bricksnwall | 2025-05-14

Netizens say price hikes between 2020 and 2023 are unlikely to occur again, making what once seemed like a smart investment difficult for buyers to afford.

Many Reddit users who are thinking about purchasing a home think that people who made real estate investments between 2020 and 2023 just got lucky while they missed the bus because their property values have virtually tripled and their EMIs are paid by rent.

Many prospective homeowners believe that these buyers simply got lucky while they've "missed the bus," as property values have almost doubled and EMIs are now paid by rent for those who invested between 2020 and 2023, according to Reddit.

Internet users without real estate investments say the "ship has sailed" and the big price increases that occurred between 2020 and 2023 are unlikely to happen again.

"I keep seeing posts from people who bought real estate during 2020–2023, flexing how their 2BHK or BHK doubled in value, how rents are covering their EMIs, and how it’s the best decision they ever made," a Redditor wrote. The perception of internet users who have not yet invested in real estate is that "the ship has sailed," they have missed the boat, and the notable price gains that occurred between 2020 and 2023 are not likely to sustain themselves.

A few years ago, a 3BHK that currently costs over 2.3 crore was valued at ₹1 crore, according to internet users. Due to the significant price surge that took place between 2020 and 2023, many argue that what once seemed like a prudent investment is now unaffordable.

Let's take a moment to acknowledge that you were fortunate. When you purchased, interest rates were at their highest point ever.

lows, costs had barely increased, and developers were essentially pleading with real estate buyers. For less than 1 Cr, a 3BHK from a reliable builder? The notification states that "That ship has sailed."

According to the post, there have already been significant real estate gains. The claim that "real estate always wins" made by someone who has already purchased an apartment does not imply that someone should or can spend 2.3 crore on one at this time.

If you made a smart or lucky investment, that's great. But the Redditor emphasised, "don't condemn others or force them to take risks in order to replicate something that was only effective at a very specific moment."

Did COVID-19 cause investors to take risks?

Between 2020 and 2022, many real estate investors made what were then seen as risky decisions, and those decisions paid off, some buyers said.

"There was volatility in the market. The initial wave of COVID-19 occurred in 2020, and a second, more severe wave occurred in 2021. During this period, incomes in the IT sector rose significantly, often by 50% to 100%, as employees continued to work from home and keep the majority of their profits, he explains..

Will 2029 be the best year to purchase real estate?

According to a number of Redditors, the real estate market is currently in the latter stages of a long-term asset price cycle.

Possibly, the next big buying opportunity won't come around until around 2029. It is expected that prices will remain stable for the foreseeable future, with little chance of large price increases. Inflation will likely ultimately catch up as earnings and expenses rise gradually, and today's prices may once again appear more reasonable," the Reddit user added.

Source: Hindustan times