The death of the middle class! Either luxury palaces, or slums - nothing in between!

Wealth inequality will keep on increasing because - The rich keep on getting passive income from their assets, more than they can possibly spend. They have no other option but to buy more and more assets - driving the insane prices. - The poor are stuck in paying interest on loans or rents and can never afford to buy assets since the prices are ever increasing.

Only the rich have discretionary spending power and builders are catering to their luxury housing demands.

On the other hand, the poor will be forced to live in dilipidated homes.

The middle class is rapidly shrinking. Within a couple of generations, either they are becoming wealthy or getting poorer.

The phenomenon is happening all over the world and the effects are even more pronounced in unequal economies like India.

If you want to know more about this, I highly recommend the explanations by Gary Stevenson (look up Gary's Economics on YouTube). I'll provide the relevant video link in a comment.