India, Oct. 5 -- A Reddit post claiming that a 650 sq ft 2BHK apartment in Vashi, Navi Mumbai, near Mumbai, is being offered at a monthly rent of Rs.1.2 lakh has triggered a debate over the rising cost of housing in the Mumbai Metropolitan Region (MMR). The post questioned how rental and property prices in the region have reached levels that many users find increasingly difficult to justify relative to local incomes.

According to the Redditor, the rent per sq ft is more than in Europe and the US. "What the hell is happening to rentals in Mumbai! 650sqft isn't even the carpet area, or built up area. It's a super built-up area. Btw this is costlier than most Europeans and Americans real estate rates on per sqft basis, while income is many ...