Bengaluru real estate: The prices of flats in Bengaluru are often the subject of discussion on social media. The real estate market here is also emerging rapidly. In such a situation, the question comes that how much salary should be for 2 crore flats so that you can bear the burden of EMI well. Social media platform Reddit has again sparked debate about the real estate market of Bengaluru. One user wrote, do not fall into the marketing affair. Relaxation is in taking home according to your status, not to be the owner of excessively valuable flat.
Debate again in reddit
Actually, a user posted on Reddit and wrote that he had bought a 3bhk for Rs 78 lakh in Domsandra two years ago. The user said in his post in his post that nowadays people are buying a flat of 1.5-2 crores. He said that buying such an expensive flat in earnings of Rs 4 lakh a month is beyond his thinking. He said, most people are taking a house worth Rs 2 crore, how much will they get salary?
Sweat is left to fill the installment
Agreeing with his post, another user admitted that he earns Rs 3 lakh a month, but despite this, he is facing difficulties in filling the installment of the flat purchased in 2023 for Rs 90 lakh. He said, I am afraid to think about 20 years and EMI. On this, another user wrote that it depends on the mindset of the people that he would like to pay the rent for years or to buy a house of his own by paying EMI.
Many other ways to reduce EMI pressure
However, many reditors also believe that buying a house of 2 crore does not mean that you always have to pay a long EMI. There are many other ways to reduce this pressure. A user suggested to save more money and take an overdraft home loan for payment of low interest. It also includes tax benefit. However, some users also feared job security in the private sector.
Residential real estate market shocks
Meanwhile, a shocking report of ICRA has surfaced, stating that in the business year 26, the market of residential real estate can fall up to 3 percent in the top seven metros of the country including Bengaluru. The rating agency considered the affordableness as the main reason for this, which will lead to a decline in sales.
The average selling price of the residential unit by the business year 2023-25 has gained up to 10 percent. Buying a house with this is now going away from the budget of the people. In the trading year 26, the residential cell in Mumbai, Delhi, Bengaluru, Hyderabad, Pune, Chennai and Kolkata will be reduced to about 620-640 million square feet.
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