Good, normalising as they should. 👍 
 Bangalore needs to build world-class infrastructure first to demand that level of rent.

Even in Gurgaon infra is so good for the rent you give.

Product Manager

In BLR, you give high rent for a flat that has no air circulation, sunlight or even 1 balcony. 🤦‍♀️

Supply has met with demand. Bangalore cannot sustain Mumbai-like rents.  
  
 Good news for renters; especially young professionals and students.

Product Designer

Stabilising for sure. Days of over-inflated rents like over-inflated salaries are over lol. 

The flat I'd vacated after the ludicrous price increase (30 → 55) went for 40 many months later. LOL

Now that is good, where was the location?

Whitefield, similar stories coming in from Bellandur-Sarjapur ORR corridor. Techbros during boom time thinking sharing a 3BHK for 30k/person is completely fine

Software Engineer

It just goes on to show how demand side inflationary illiquid assets tend to be. 
  
 When the bubble drops is cutely when the penny drops for most people.

Test engineer

Im actually seeing lots of tolet boards around my area

This is genuinely very cool to see. After all, rents need to be sustainable for a young demographic to move in.

Nope. This is small set of audience or area. This won’t give full picture. Real estate won’t work week on week or month over month metrics. Rents are usually 11 months commitments and you won’t see trend until after a year

Lawyer

Remember the good old days when the landlord used to ask for LinkedIn profile, employment history, start-ups built, 5 interview rounds for a flat? A lot of this tech-bro mindset needs to be left at the office doors.

Data analyst

Good that Bangalore rents are going down.😌

Growth Manager

Indiranagar 15th main - 60k (all incl) for a fully furnished 2 bhk apartment. Is this normal rent or am I overpaying? 🤔

Overpriced 60k should be for 3bhk in prestige like apartments

Kaha milenge yeh 😅 there’s a prestige Leela residence nearby which is 1L for semi furnished 3bhk & I don’t think they have 2 bedroom homes there

Clickbait. it's possible that overpriced some rents would have come down. But crashing?? Sharp dip wala graph dikhao 📊

Backend engineer

Wait for all those building projects that got stuck to get available in the market.

My owner asked for a 50% increase in the rent this month 😂

Comments by founders with related business are usually  hyped. They either lack the touch of reality or prefer to make comments that  benefits their business. Learnt this the hard way, now i ignore these people. Fall in rents usually happens gradually, as most house owners will tend to wait a longer time.  No house owner reduces rent unless there are multiple houses avl for rent in the neighborhood.

Consultant

Are Bangalore rents finally crashing?

Analyst

Are Bangalore rents finally crashing?- Grapevine

Recently our Owner asked us to vacate after 3 years of staying here in Koramangala, a 4 BHk home. Mostly be renegotiating with him. 

Meanwhile in our search for possible other options, we have found that most of the residential properties are being inflated randomly by the owners recently, the reason being, we all know the influx into Bangalore & I have had a call with few properties

- 1.3 Lakhs quotes for unfurnished 4 BHK home in HSR Sector 1

- 1.5 Lakhs quoted for Unfornished 5 BHK in HSR sector 3 

Too much firing in place, AI advent, Funding slowdown in Startups

Things are going super greedy with owners here in Bangalore. 

Thoughts on how to overcome this situation ?

Bangalore Rents are going Crazy

In and around Whitefield rents have increased more than 10k compared to last year. It's very difficult to find a good house in budget near to office and near to kid school. Salaries are not increased but cost of living is touching the sky.
Is it same overall Bangalore?

Huge rise in  Bangalore rents

We've witnessed so many layoffs in the past year and this continues to be an upward trend. Bangalore is a city of IT professionals and these layoffs seem to have no effect on the real estate. 
Is this because the numbers are negligent? I don't think that's the case, my company has been laying off people since last year. It was never public. I'm sure there are lots of such companies. 
What are your thoughts?!

How is there no correlation to layoffs and Real Estate?

Software Developer

Understanding what is the going rent for a 2BHK in Bangalore close to ORR. 

Used to work from home happily. But office folks decided to make it hybrid last year and I moved to Bangalore with my wife. Rented a 2BHK flat near Marathahalli for 30k (Rent+Maintanence). Now that the 11 month contract is over, the owner is asking for 36K even though the rental agreement says 5% increase an year.

What are you guys paying as rent? And is it common in Bangalore to increase rents by 20% year or year which seems really crazy.

Trying to understand the rental scene in Bangalore

Is Bangalore in a real estate Bubble ?

People in Bengaluru are ready to pay 75k for a 3bhk, 50k for a 2bhk in famous builder societies. Rents for apartments which were 35k before 2021 are demanding 55k onwards nowadays. Why are people tolerating this shit ? Why are people still opting to stay in so called societies? 
Gyms hardly 5 PC people use 
Swimming pools are used occasionally 
Sports facilities are also not very commonly used. 

Why are people paying such large premiums for amenities they don't really use ?

Crazy rents in Bengaluru

Are Techies overpaying their rents in Bangalore?

Bangalore Living

New highs as a nation! (sic)

People laughed at me when I asked for decent living spaces below 10k at these locations. It took 2 days, i went for a walk in the streets of Koramangala and HSR layout. And found multiple 1rk's less than 8k and multiple 1bhk's less than 12k. There are a lot of furnished 1bhk apartments with rent ranging from 15k to 18k. To all the people who are new to Bangalore, don't fall prey for hefty rents, do roam in and around the surroundings.. you will find good places within the budget. Surprisingly there are plenty of vacant spaces and soon the prices will come down.

Reality of rents in HSR/Koramangala/Madiwala

Category manager

Welcome to Software Engineers's Private Community

Looking for product companies that offer INR  75Lakhs - 1 Cr as cash component and has some stock component.

Any companies that are hiring senior engineering roles?

Lead engineer

After getting a bunch of 'buy a house' advice from my in-laws over the weekend, I decided to fire up magicbricks to check prices in Bengaluru. My browsing ended within 5 mins seeing just how much the prices have risen in last 1 year

A 3BHK that used to cost 2.3 Cr last year is now 3.7
A 2BHK that used to cost 1.8 Cr last year is now 2.7

These are two houses I had earmarked for sometime later when I would have more money

WTF is happening in BLR

Did you notice? Bangaluru housing prices have EXPLODED

Does anyone have an idea on how the Bangalore rental market is in 2024? Especially for residential apartments in gated societies. 

Thanks in advance for the info.

Rents in Bangalore for residential purpose

Program Manager

Recently my friends moved to 4 BHK apartment near Domlur. The total rent is coming to 1 Lakh for unfurnished apartment, it has some really good amenities.

All 3 of them have offices nearby, and I work remotely for a US startup. After, furnishing and one time setup, just rent is coming to 32k. I am unsure, whether moving there would be worth it or not for me.

I really enjoy company of my friends, but the rent for me is expensive + 6 months deposit. I can definitely afford to pay that much rent, but not sure whether it’ll be good decision or not because of market conditions and tons of uncertainties. I cannot back out if I say yes.

I am super confused, one side I want to stay with friends and on other side rent and deposit is worrying me.


Would love to hear thoughts of you all. 🙏

Is it worth it to pay 32k in rent for a room in bangalore if you work remotely ?

https://www.deccanherald.com/india/karnataka/bengaluru/bbmp-shifts-to-new-property-tax-structure-from-april-1-to-add-burden-on-rent-2906548

What are your thoughts on this?

- rainfall has reduced
- > 70% lakes have dried up/covered up by builders
- its not even feb and there is shortage of water everywhere. There are people literally carrying jugs of water on their head like villages if you head out after evenings.
- brigade/sobha/prestige societies with flats > 1.5 cr have put out notices with water supply being cut for more than 6 hours everyday, wtf is Bangalore real estate really 
- water supply here was really bad initially ( hard water, polluted water) but the water shortage in feb only is really worrisome.

I want to understand homeowners/aspiring homeowners - how are you planning for this? Are You even worried about this?
Or even people thinking of settling long term in Bangalore, thoughts about this?

https://www.indiatoday.in/education-today/gk-&-current-affairs/story/water-crisis-in-india-279427-2015-12-29
Article of 2015 predicting what we are experiencing right now.

Are Bangalore rents finally crashing?

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