Do you believe the Bangalore real estate market is currently over valued ?
Problem with Bengaluru real estate is that most swanky new societies have zero road/outside infrastructure. 2cr flats with high luxury society, but the moment you step out for the premises, you are welcomed with village level roads, dust and single lane traffic.
Why would I spend my life’s savings and go in a debt trap if I can’t even go on a proper walk outside.
Real estate almost everywhere in India is overvalued. But Bengaluru is still somewhat affordable. You need to find the right projects and compromise a little on the location.
Localities like Koramangala, HSR and Indiranagar has extremely inflated rental and real estate market which IMO is because of the startup culture or “building xyz” culture.
My friends from Bombay are flabbergasted at what 70k/mo rent gets you in HSR and keep telling me they’d move in a heartbeat if they didn’t own properties in Mumbai. But for a typical Bengaluru person, For a person from Bengaluru, the thought that someone would rent at ₹70k instead of buy and pay EMI in a little far off locality is bonkers. 😂
Yes IT IS. Reason : Bangalore's traffic grapples with persistent congestion, exacerbated by the city's rapid growth. Commuters face challenges such as poor road conditions, insufficient public transportation, and a lack of last-mile connectivity.
Absolutely no. Every day there are 100s of people are coming here, 100s of people planning to settle down here.. the housing prices are no where close to overvalued. There might be a few location in the outskirts that are charging more but blore RE has a long way to go before being called overvalued.
