There was a time when having an independent house was a normal feature but today if someone has a independent place to stay then it is considered a big status symbol. With the kind of property boom that is happening, owning a house has become a dream and something far from reality.
Talking about the prime localities such as the Banjara Hills, Jubilee hills the talk is that if someone has to own a home there then the minimum budget for that would be Rs 8 crores and from then on it increases in multiples. So those who can afford it are going for the bungalows and those who cannot are settling for an apartment since that also costs nothing less than 1-1.5 crores in those areas.
Going forward, this graph will only take an increasing mode so there will come a time only the crème de la crème will be seen at specific areas and owning a home will become next to impossible for many. So grab the opportunity while it is only 8 crores and become the rich ones.