A Reddit post from a frustrated homebuyer has reignited the conversation around Bengaluru’s spiralling property prices, revealing how even a ₹2.5 crore budget is increasingly insufficient for a 3BHK flat in the city. The user wrote that builders lose interest once they hear the budget, adding that homes outside the BBMP limits are also beyond reach.

The post reflects a growing sense of disillusionment among IT professionals who feel priced out of the city’s housing market. “For this price, you could get better homes in the US,” the user remarked, echoing the sentiment that tech salaries have not kept pace with soaring property rates.

Several Reddit users agreed, saying even older apartments within the city cost over ₹2 crore, while those relying on a single income find it nearly impossible to buy. Others cited job insecurity in the IT sector as an additional barrier to taking large home loans.

Discussions on the forum revealed that many 3BHK apartments in Bengaluru’s established localities now exceed ₹2.5 crore, with developers quoting steep prices even for decades-old projects. Dual-income families are among the few able to afford such properties, and often only on the city’s outskirts.

Redditors also noted that while construction and land costs have surged since the pandemic, tech-sector incomes have stagnated. Some users advised exploring emerging corridors such as Kanakapura Road, Hennur, or Sarjapur for more affordable options. Others recommended negotiating more aggressively or considering smaller developers.

One buyer shared that they purchased a 3BHK near Dommasandra for ₹75 lakh in 2023, while another suggested investing in plots and building rental floors to offset EMIs. Many, however, blamed entrenched systems — including local political interests and builder lobbies — for fuelling the price escalation.

Market data supports these concerns. According to Knight Frank India, Bengaluru recorded the fastest property price growth among India’s top seven cities in early 2025, with average rates up 16% to ₹7,116 per square foot. Kiran Kumar of Hanu Reddy Realty noted that plots in gated communities such as Jade Garden have tripled in price since 2021, now selling for ₹6,000–₹7,000 per sq ft.

Apartments have followed suit: 3BHK units in north Bengaluru’s Brigade Orchards have risen from ₹65 lakh to around ₹80 lakh in just a year, while properties on Old Madras Road have jumped from ₹1.2 crore to ₹2 crore in the same period.

Experts and buyers alike agree that Bengaluru’s housing market now faces an affordability crisis. In a city once prized for its balance of growth and opportunity, even a ₹2.5 crore budget no longer guarantees a home — a sign of how aspiration, inflation, and inequality are reshaping India’s tech capital.