Understanding the Budget and Salary Needed to Buy a ₹2 Crore Property in Bengaluru
Explore the financial requirements and strategies needed to purchase a ₹2 crore property in Bengaluru, as discussed by netizens on Reddit. From dual incomes to family support, discover the multifaceted approach to homeownership in India's tech hub.
Bengaluru Real EstateProperty PricesHomebuyersEmisFamily SupportReal Estate NewsSep 16, 2025
While some wondered what kind of salaries could support a ₹2 crore purchase, others argued it’s less about sky-high paychecks and more about a mix of dual incomes, family support, careful EMI planning, market timing, and risk appetite.
As one Redditor cautioned, “Don’t fall for marketing hype. The peace of mind that comes from buying within your means is worth more than owning an overpriced flat.”
One of the Redditors shared that they had bought a 3BHK in Dommasandra for ₹78 lakh two years ago and questioned how families today are buying homes for ₹1.5–2 crore. With a family income of ₹4 lakh per month, he admitted they couldn’t imagine spending that much, noting, “Most of the people I see are buying at ₹2 crore. What kind of salaries do they have?”
Another buyer admitted they earn ₹3 lakh a month but still struggle with the EMI burden of a ₹90 lakh home bought in 2023. “I dread the 20 years of EMIs,” he wrote. Others argued that it comes down to mindset: either pay rent for decades or take the plunge into homeownership.
EMIs, Risks, and Fear of a Job Loss
Many Redditors stressed that a ₹2 crore home often means long-term EMIs, but there are ways to ease the pressure. One user suggested exploring overdraft home loans to park surplus funds and cut interest outgo, while another said, “The goal isn’t to finish the loan quickly, but to save enough to repay when you want. Meanwhile, you get tax benefits.”
Still, fears remain. Several buyers pointed out that job security in the private sector is shaky. “Even if you’re the best at your job, one bad deal abroad can sink your role,” wrote one of the Redditors, urging people not to overstretch.
Family Savings, Double Incomes, and Timing
Many buyers highlighted that pooling family savings makes such purchases possible. One couple, both earning ₹15 lakh CTC annually, said they managed a ₹1.1 crore purchase with contributions from their own savings plus ₹20 lakh from parents.
Others narrated how timing worked in their favour. A Redditor who bought a ₹1.05 crore flat in 2018 explained how salary hikes, low COVID-era interest rates, and bonus payouts helped them close a ₹75 lakh loan in just seven years.
Another recurring theme was the role of double-income households. With both spouses working, families can stretch budgets more comfortably. One of the Redditors said, “With two salaries, women are now shaping not just design decisions but also the budgets, they’re leading financially and creatively.”
Rent versus Buy: Purchasing Property Offers Long-Term Security
Some netizens argued that the drive to buy expensive homes is deeply cultural. One comment summed it up: “Buying things keeps you away from buying experiences. In India, a house or car is seen as meaningful, unlike luxury hotel stays or fine dining, which fade away.”
Several argued that buying a home, no matter the EMI burden, offers long-term security compared to renting indefinitely. “If you’re planning to live for 20 years, a loan is non-negotiable,” one of the buyers wrote, pointing out that EMIs may be stressful, but at least build ownership. Others, however, felt that splurging on a ₹2 crore flat was more about lifestyle and social status than necessity. They noted that Indian families often prioritize tangible assets like homes or cars over “experiences” such as luxury travel or dining, seeing property as a more meaningful investment in the long run.
Redditors pointed out the reality in Bengaluru and other metros: buying a ₹2 crore home isn’t always about sky-high salaries. Instead, it’s a mix of dual incomes, family contributions, EMI management, timing, and sheer risk appetite. But as one of the Redditors warned, “Don’t fall for marketing hype. The peace of mind of owning within your means is worth more than a high-priced flat.”
Frequently Asked Questions
What is the average salary needed to buy a ₹2 crore property in Bengaluru?
While it varies, many netizens suggest that a combined family income of ₹4-5 lakh per month is often seen as a benchmark. However, factors like family savings, dual incomes, and market timing also play crucial roles.
How can one manage the EMI burden of a ₹2 crore property?
Strategies include exploring overdraft home loans, careful budgeting, and leveraging family contributions. Some buyers also focus on saving enough to repay the loan when they choose, rather than finishing it quickly.
What role does family support play in buying a ₹2 crore property?
Family support, especially financial contributions, can significantly ease the burden of a high-value property purchase. Many buyers rely on savings from parents or other family members to make the purchase feasible.
Is buying a ₹2 crore property in Bengaluru a good investment?
It depends on individual financial situations and long-term goals. Many argue that owning a home offers long-term security compared to renting, but others caution against overstretching financially and falling for marketing hype.
What are the cultural factors influencing the decision to buy a ₹2 crore property in Bengaluru?
In India, tangible assets like homes or cars are often seen as more meaningful investments than experiences like luxury travel or dining. This cultural preference drives many to prioritize homeownership, even with high EMIs.
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