A Reddit user recently shared their experience of Bangalore’s ever-soaring property prices, highlighting the persistent doubts that have surrounded the market over the years. In 2011, they moved to the city, and despite hearing that real estate prices were inflated, they hesitated to purchase a 3BHK in JP Nagar priced at ₹96L. By 2016, the property had appreciated to ₹1.3 crore due to rising demand from the influx of people into the city. Despite the pandemic-induced uncertainty in 2020, prices barely dipped, and by 2024, the same property had surged past ₹2.5 crore, with multiple sales recorded.
The user’s cautionary advice reflected the cyclical nature of the market: “Don’t listen to social media gurus or Reddit charlatans… There is never a right time, your life here is temporary.”
The post sparked intense debate. One user offered practical wisdom, advising, “Buy a home to live in. Don’t invest in real estate unless you have black money to hide.” Another commenter critiqued those who compare equity to real estate returns, pointing out the importance of considering leverage, GST, and registration charges.
A seasoned real estate observer, with over 15 years of experience in Bangalore, weighed in, noting, “Every year, someone predicts a crash. Yet, prices keep climbing. The fundamentals haven’t changed—Bangalore’s tech sector remains strong, land is scarce, and the population keeps growing.”
In summary, a final user summed up the sentiment: “Real estate doesn’t crash. It flattens for a while and then takes off. If you wait for a crash, you might miss the train.”
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