Rents are increasing faster than Salaries are increasing
How much longer can we have rents increasing here. It just makes no sense. A 3 BHK is closer to 90K in top areas now. Even in Sarjapur road/Bellandur near tech parks its no less than 70K
2 BHKs are costing around 70K in top areas Less famous areas are not far behind at 40-60K
This is unsustainable as salaries are not increasing at this rate. I know this for a fact.
Spoke to a few friends in Delhi NCR. This is definitely the case in Gurugram and Delhi. Noida I am unaware
Mumbai. No points even talking about that city. Rents will always accelerate faster than salaries there.
What is happening to you personally? Is rent accelerating faster for you than salary? Its screwed up
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My current CTC is the same as my annual rent. Last year my hike was 8% whereas my rent increased by 10. My only saving grace is that mine is a 2 income household.😅😅😅
Bangalore is becoming unsustainable. It really is screwed up
Monthly ctc?
This is really unfortunate that one person's income is completely consumed for rent. It is as if you are working for your landlord. :(
When people are ready to give rent wil keep on increasing. Bachelors are ready to take 2/3 BHK for 70K and 10 people stay there sharing rent. So 7K is much cheaper than a PG. hire a cook or self cook. Deal is done. As an owner these houses are investment and they don't bother who stays, how many stay, how is it looked after etc. they just care about getting rent on time as they are already well settled or at onshore. Families with single income are screwed long time.
In Whitefield, its terrible. The realtors have ruined Bangalore. There's always dust & noise everywhere, the buildings are poorly built without much planning, conjusted from all sides. One can only hope to get the sunlight. And they have the audacity to ask 40k+ for a 600 sq ft box they call 2bhk.
Sounds like Mumbai 🙃
Sounds like Pune too. Just the rent is high.
That’s why everybody is trying to build a company, finding ways to scam investors. That’s where the real money is. Either sell courses to the gullible or build a half baked AI company and fill your pockets with investors fund ASAP.
Or become a landlord yourself and join the oppressors.
As long as we have centralised base locations this will not end. Pune bangalore hyderabad delhi .Companies are choosing 4-5 cities thoughout India.
All have drained resources from other cities.
Despite this, rental yields continue to hover below 4% almost everywhere. The underlying rela estate price inflation is irrational. This is a long con frankly.
That's because the denominator of rental yields (the price of properties) has become irrationally high.