1,000,000.00 INR = 13,985.88 EUR
and that's the top rate for the senior JS dev position.
Their rent on 2k sqft is approx $1.9k (7.6k savings / 4 month) so that gives some scale as well.
I should mention that I work here and that another friend did share your concerns too. But I feel the positives outweigh the negatives in this case.