‘₹8 crore for chaos?’ Viral put up on Bengaluru residence costs triggers hire vs purchase debate
A candid Reddit dialogue on Bengaluru’s hovering property costs has struck a nerve on-line, with hundreds of customers weighing in on whether or not shopping for a house in India’s tech capital nonetheless makes monetary — or way of life — sense.
The thread was sparked by a 32-year-old Redditor who argued that buying a home in Bengaluru in the present day gives “zero monetary logic,” regardless of his skill to afford one. The consumer, who claims a internet value of round ₹7 crore and a month-to-month in-hand wage of ₹3.7 lakh, stated he rents a 3BHK in Jayanagar for ₹35,000 — whereas the identical plot is at present valued at almost ₹8 crore.
“Let that sink in,” he wrote, calling the rental yield “a joke.” Shopping for at these ranges, he argued, would imply locking his complete wealth into “one illiquid asset” and hoping property costs hold climbing.
He additionally rejected the concept of shifting to Bengaluru’s crowded outskirts — Whitefield, Sarjapur, Varthur — describing them as chaotic, congested and poorly deliberate. “Not my scene,” he wrote.
What shocked many readers was his comparability with Europe. “With related cash, in the precise EU nation, I can transfer towards long-term residency and personal a better-planned property with sane infra,” he wrote. “Extra optionality. Extra diversification. Much less every day chaos.”
For now, he says he’s selecting way of life over possession: renting in Jayanagar and investing capital elsewhere.
The viral put up unleashed a flood of responses from Indians in India and overseas, many echoing the sentiment whereas others difficult it.
One consumer pushed again strongly in opposition to the “Europe is healthier” argument, writing: “It’s simpler stated than executed… Attempt it out as soon as and the delusion will vanish. My brother is in Germany since 4 years, getting PR now. I spent years in Australia, Europe and now heading to the US. Irrespective of how a lot we harp about it, as a brown particular person, India is our greatest guess.”
One other commenter, at present dwelling within the UK, stated Bengaluru’s costs now exceed these in components of Britain. “This go to to Bangalore I’m shocked to see how costs right here are far more than within the UK… I really feel priced out of my very own metropolis. My internet value is lower than ₹2 crore and it feels dangerous to dump all the pieces right into a home. I see no quality-of-life enchancment however costs double what they’re value.”
A 3rd consumer argued the economics broke down way back: “Shopping for a house stopped making sense in 2014. With income-tax adjustments eradicating indexation, actual property comes with 124% overhead — 100% to the house mortgage, 24% to the federal government… I gained’t be shocked in case your ₹8 crore plot turns into ₹4 crore.” The commenter additionally claimed that luxury-segment costs are largely propped up by NRI consumers and warned that Hyderabad has already “crushed Bengaluru in its personal sport” as a tech hub.
