Are Bangalore rents finally crashing?
Thoughts on this?
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Good, normalising as they should. 👍 Bangalore needs to build world-class infrastructure first to demand that level of rent.
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
Very happy to see this.
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.
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
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.
Good that Bangalore rents are going down.😌
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