Bengaluru’s ₹2.5 Crore Housing Dilemma: Even Techies Struggle to Afford Homes
Bengaluru’s real estate market is soaring, with property prices for 3BHKs exceeding ₹2.5 crore. Tech professionals, despite their high salaries, are finding it increasingly difficult to buy homes, leading to a significant sense of disillusionment.
BengaluruReal EstateProperty PricesTech ProfessionalsHousing MarketReal Estate NewsOct 17, 2025
For this price, you could get much better homes in the US, in better neighborhoods. It feels like working hard as a techie isn’t paying off anymore, the post continued, echoing a growing sense of disillusionment among urban professionals.
One of the Redditors wrote, “Even for 20-year-old gated societies inside the city, they are quoting ₹2.2–₹2.3 crore onwards. Only dual-income couples can think of buying, that too on the outskirts.” Another added that job insecurity in the IT sector makes the idea of large home loans even riskier: “Anything can happen in IT. I wonder how there are so many people who can easily afford it.”
Redditors note that the disparity between salaries and property prices has widened significantly post-pandemic. “Land, approvals, and input costs have shot up, but tech salaries haven’t kept pace,” one Redditor noted. “You can still find decent 3BHKs for around ₹2.5 crore in emerging corridors like Kanakapura Road, Hennur, or parts of Sarjapur, but you’ll have to compromise on location or brand.”
Several experienced buyers chimed in with advice, arguing that many prospective homeowners simply don’t negotiate hard enough. “You’re probably asking the price and moving on. You have to play mind games,” one commenter said, adding that a friend had managed to bring down a ₹3.2 crore quote to ₹2.6 crore in Hyderabad. Another wrote bluntly, “You guys are absolutely poor when it comes to property search. Go beyond big builders and you’ll find value.”
One user claimed to have bought a 3BHK apartment near Dommasandra for ₹75 lakh in 2023 from a smaller developer, complete with amenities such as a gym and swimming pool. “It’s not a fancy apartment or a reputed builder, but good value for money,” he said. Others pointed to resale properties around ₹1.5 crore as practical alternatives.
Another popular suggestion was to ditch apartments altogether. “Get a 30x40 plot in JP Nagar 8th Phase and build a G+3 house. Rent out two floors and use that to pay your EMI,” one Redditor advised, estimating potential rental income of ₹30,000–₹50,000 a month.
Many commenters also blamed the city’s real estate ecosystem, from local politicians to builder lobbies, for fuelling the price spiral. “The locals already own homes and only profit from this. The politicians and builders are hand in hand, and there’s no one to stop them,” one person wrote. Another added, “They work on loot philosophy. If you don’t research or network locally, you’ll get overcharged. Go directly to landowners or smaller builders instead.”
While some users shared tips on scouting overlooked projects and negotiating smarter, others expressed resignation. “Unless an IT hub starts somewhere else or people stop buying, prices won’t fall,” one commenter concluded. “Either pay the price or keep renting, which, honestly, is smarter right now.”
In a city once known for its balance of opportunity and affordability, the idea that ₹2.5 crore isn’t enough for a decent 3BHK apartment speaks volumes about Bengaluru’s new housing reality, where aspiration, inflation, and inequality now coexist under the same roof.
Property prices in Bengaluru are reaching unprecedented levels, making the city one of the most expensive real estate markets in India. Data from Knight Frank India shows that at the start of 2025, Bengaluru recorded the highest price growth among the top seven Indian cities, with average rates increasing 16% to ₹7,116 per square foot.
Kiran Kumar, vice president of Hanu Reddy Realty, highlighted the rapid appreciation in both residential plots and apartments. “In 2021, a plot in Jade Garden, a gated community in Devanahalli, was bought for around ₹2,000 per sq ft. Today, similar plots are being sold for ₹6,000–₹7,000 per sq ft,” he said. Apartment prices have followed a similar trajectory. A 3BHK in Brigade Orchards, located in north Bengaluru, which was priced at ₹65 lakh a year ago, now commands roughly ₹80 lakh. On Old Madras Road, Aishwarya Excellency apartments have surged from ₹1.2 crore to about ₹2 crore in just 12 months.
Frequently Asked Questions
What is the current budget range for a 3BHK apartment in Bengaluru?
The current budget range for a 3BHK apartment in Bengaluru has exceeded ₹2.5 crore, making it challenging for many tech professionals to afford such properties.
Why are property prices in Bengaluru increasing?
Property prices in Bengaluru are increasing due to a combination of factors, including rising land costs, higher approval and input costs, and strong demand from urban professionals.
How can buyers negotiate better deals in Bengaluru’s property market?
Buyers can negotiate better deals by being persistent, playing mind games, and exploring smaller developers or landowners. It’s also important to research and network locally to find undervalued properties.
What are some alternatives to buying a new 3BHK apartment in Bengaluru?
Alternatives to buying a new 3BHK apartment include looking for resale properties, purchasing plots and building custom homes, or opting for smaller apartments with good amenities.
What is the future outlook for Bengaluru’s property market?
The future outlook for Bengaluru’s property market is uncertain. While prices are currently high, they may stabilize if more people choose to rent or if new IT hubs emerge in other cities.
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