
Opinion about rent
I found a place which is 2.6km away from Bagmane T Constellation Business Park (where my office is) and the rent is 18k including maintenance for a 1BHK, deposit is 3 months pay.
It’s not in a gated society, so no gym, pool etc but has power backup.
Is it a good deal or is it too much? The reason why I am am confused is because some of my friends are saying that I am paying too much while some are saying that there is a shortage of places to stay, so it’s good.
Please help me out 🥹
Talking product sense with Ridhi
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Both of them are right. You are paying too much, but finding a place is tough currently.
If you can then search for more places.
IMO, rents won’t decrease but also won’t increase dramatically anymore. However if you don’t find anything then prepare to wait for at least an year or more to start finding affordable homes. Especially given that lot of properties should finish constructions around 2024-2025.

That’s an interesting take, wasn’t aware of that. Thanks again.

It's difficult to find good 1BHK apartments in Bangalore. You can get 2BHK in a gated society and can share it with someone. That could be a better deal. 18K is not bad for a 1BHK if they have power backup, lift, security and proper waste management.

It is a average deal

How big is the place? For a non gated society, ideally you should not be paying above 20/sqft