Bengaluru Real Estate: Are Brokers to Blame for Sky-High Flat Prices?
Bengaluru homebuyers are facing a daunting challenge as the real estate market remains overpriced, with Reddit users pointing fingers at brokers for further inflating property rates. Here’s what you need to know.
Real EstateBengaluruBrokersOverpricingProperty MarketReal Estate NewsJul 19, 2025
According to a Reddit user, a broker re-listed a property that was listed on a relatively unknown platform to a more popular site at a 40% markup.
“I came across an incident where the owner had posted his property for resale for X amount in some lesser-known real estate portal, and a broker had posted the same property with 1.4x amount in a famous real estate portal. I am already sensing an amount of shadiness going on in the property market,” the user wrote.
The netizens also claimed that it's difficult to ascertain who the real owner of the property is, as these are listed multiple times at multiple prices.
“Multiple brokers are operating even in smaller micro markets. Unfortunately, price discovery for buyers only happens via these listings. So it is very fair to be challenging,” he wrote.
From a buyer’s point of view, there’s very little price discovery. Brokers list the same property at different prices, and most buyers don’t know which one to trust, the post said.
From the broker’s point of view, netizens pointed out that a single high-value sale, despite sluggish transaction volumes, can help offset months of inactivity and lost income.
“They aren’t able to move many listings. So they mark up wherever they think they can get away with it. It depends on the area, demand, builder reputation, and other factors,” the user said.
For many property sellers, navigating the real estate market on their own has proven difficult, according to Reddit users. “Many find it hard to get buyers on their own and eventually hand over the property to brokers with a fixed price expectation. What brokers do beyond that is not something the sellers usually track. They just want the flat sold at price X. They’re not worried about how it’s done,” one commenter noted.
On the buyer’s side, users warned that inflated prices are common and often driven by FOMO (fear of missing out). “It’s the fear of missing out that’s driving this,” one user said. Listings lacking clarity on carpet or super built-up area are frequently flagged as suspicious. “Don’t go by just price. If the details aren’t clear, skip that listing,” another advised.
Buyers are being urged to take a cautious approach, verifying listing sources, requesting layout plans, and ensuring all documents are in order before committing to a deal.
Frequently Asked Questions
Why are Bengaluru flats so expensive?
Bengaluru flats are expensive due to a combination of high demand, limited supply, and the involvement of brokers who often mark up prices.
What is the role of brokers in the Bengaluru real estate market?
Brokers play a significant role in the Bengaluru real estate market by listing properties and helping with transactions, but they are also accused of inflating prices for their own profit.
How can buyers avoid overpriced properties in Bengaluru?
Buyers can avoid overpriced properties by verifying listing sources, requesting detailed information, and being cautious of listings that lack clarity or seem suspicious.
What should sellers be aware of when working with brokers?
Sellers should be aware that brokers might mark up the price of their property to maximize their profit. It’s important to set a clear price expectation and monitor the listing process.
What is FOMO in the context of real estate?
FOMO, or Fear of Missing Out, in the context of real estate, refers to the anxiety buyers feel about missing a good deal, which can drive them to accept inflated prices.
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