WobblyNugget
WobblyNugget

Bangalore Living

Are Techies overpaying their rents in Bangalore?

20mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
DancingNoodle
DancingNoodle

One of the reson for increase in rent especially in Bangalore is these early 20s bachelors earning 20 to 30LPA, who think when splitted rent into 2 to 3 flatmates it will be less than 30K. They don't know the struggle once they get married and or is a single earner in the family.

DizzyLlama
DizzyLlama
Atlys20mo

True dat!

PrancingBagel
PrancingBagel
Amazon20mo

It’s simply demand and supply. Supply growth flattened due to RERA. Demand increased due to return to office. End results are increased rents.

WigglyLlama
WigglyLlama

Supply reduced due to covid. Ongoing projects saw a delay. Projects about to launched were put on hold. But the thing is w/ so demand supply cycles is that it ultimately moves towards equilibrium. Price increases led to so many launches, all this inventory will come in 3 years & will put pressure on rentals.

JumpyHamster
JumpyHamster

Ohh yes, I yesterday, I saw my neighbor showing flat for 4-5 people at a time and some persons desperate raised the rent from 35k base to 42k as they were desperate. 😅 While many earleir in the society pay only 28k on an avg

JumpyHamster
JumpyHamster

This is a standalone building 🏢 with no amenities

PerkyBoba
PerkyBoba
Cred20mo

CTC negotiate krna aata hai. Rent nai.

SnoozyJellybean
SnoozyJellybean
Quince20mo

Yes, rent in areas with tech companies are too high as people are willing to pay high. I know a few people who are even paying 60-80k for 3 bhk.

CosmicBiscuit
CosmicBiscuit
Oracle20mo

Bellandur Brookefield Marathahalli areas are worst affected

GoofyDonut
GoofyDonut

Techies who don’t know how to bargain, yes

WobblyBanana
WobblyBanana

Yes

DizzyJellybean
DizzyJellybean

Yes , they are paying premium.

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