Did you notice? Bangaluru housing prices have EXPLODED

Techies are over paid. That overpayment is reflecting in RE. stagflation is the only solution for this

Time to call in-laws and say that "Aap do jodo mei ladki bhejo ladki huio hamaari"

So if you are looking at Sarjapur Road after the Wipro Campus. Couple of things have happened. 1. Metro being planned to Sarjapur 2. Prestige smart city shaping up 3. Satellite ring roads sections being completed IRRESPECTIVE OF LOCATION 4. End of WFH and folks deciding if it’s better to pay 1 lac emi than 75k rent. 5. Controversial Opinion : Bangalore is still one of the safest cities in India. Folks who have moved here from “rougher” parts of the country do not want to live in their hometowns. 6. More families than now are dual income, so folks assuming that the rising costs are due to SDE salaries are wrong. In my community there are many homes with total income of 50lpa+. But they aren’t single income homes. 7. Construction costs have almost gone up by 100%. e.g in 2022 , 1000 sqft construction required ~ 11 lacs and in 2023 was ~23 lacs. 8. The resources required for construction are becoming scarcer and hence pricier. Stone, wood , water etc are going to be even more regulated in the future due to environmental concerns. Regulations = Cost. (Side story: Hyderabad’s construction boom was supplemented by the fact that the whole of Hyderabad is a stone quarry) 9. Having a house is becoming sort of the baseline for being considered an eligible bachelor now.

Surprisingly salaries are not increasing in that propotion any more.

This is all silliness and out of touch with reality. This is how it works: - Builder builds 100 flats, finds 10 bakras to buy for 2Cr and then claims the asset value is 200Cr, even though 30-50+% of every project is unsold (and actual "value" is probably closer to 1Cr). - The bakras are usually techies who don't know local prices but still happily overleverage themselves for the "house" dream, thinking it's normal to buy apartments in localities without water or even roads for a Crore plus for "future appreciation" - Builder uses that asset value to get more loans to build more. - bakra ends up with a 1/100 apt in a society with 0 infra which grows in value in savings account interest rates. End result: Google "Evergrande Crisis China" Please don't get sucked up into hype trains... You've been smart to make your money, don't be stupid when spending it.

I am the founder of a real-estate startup where you can buy a resale home easily. Couple of things we hear from our customers are: 1. Lot of us migrated to Bangalore for a job over the last 10 years. Now we are accepting Bangalore as our “home” city and hence looking to buy v rent + migration to Bangalore continues to grow 2. Gap between rent and EMI is the lowest it has ever been. Why not own if it only takes 20-30k more per month. This dynamic is true only in resale properties though, not under construction. At a macro level, few factors impacting the price growth: 1. NRIs are investing a lot in Blr RE (~30-40% under construction is by NRIs) 2. People have made a lot in stocks last few years. RE is Indias favorite store of value 3. Rental yield is 4-5% now. It’s better to invest in a home and earn rent than saving in an FD A lot of these dynamics are long term trends and hence I believe prices will continue to grow until builders flood the market with more homes than there is demand for (likely 2027-2028)

It’s time to leave this city!

Gurgaon is far worse than this😅

I wonder what would be the profession of the people buying these houses. Plus seems like if one takes a loan and buys a house and sells it next year, they get a fooking profit of 70 lakh INR minus interest, that can be a good business opportunity!

I have some bad news for you. Interest rates are primed for a fall. When that happens, demand will boom again. Not like it needed a second invitation.

Bhai aap ghar khareed rahein hai ya mahal? There are plenty of resale homes available for 1.2 1.3 you just need to think broadly. There’s not much difference between a grade builder and b grade sab chor hai

Having worked in real estate, the prices are inflated on any app, because they get paid for views, not conversion. If you actually want to buy it, go to a local proper dealer.

Tufan pehle ki shanti😀

Bengaluru boom period is over with the underwater level decreasing and wfh options increasing not a good place to invest for future

Self inflated prices by builders and resellers. Only the gullible ones buy these. Bangalore housing market has saturated.

Most of the real estate isn’t just based on pure organic demand. Prices are inflated by builders. Most of the units are either bought by NRIs, or businessman or politicians. They have shit load of money, and literally that’s how builders would show demand. When in actuality, the demand isn’t that way.

Wait AI is coming😃😀

Come to Chennai i can give my premium 2bhk apartment opposite to the airport for 2 cr

Companies are forced employees to come to office due to the indirect pressure from real estate companies through government and the employees instead of paying 35000 rent they are trying to buy a house and the house margin got increasing day by day and the real estate people are growing wealth day by day.

If your Emi <= 30% of your in hand salary, you can buy the house. Else, strict no! You will be trapped. IT Jobs aren't secure in current times, too much debt can kill you