0 months ago
Bengaluru Housing: Owning a Home Feels 'Impossible' as Prices Soar
A man named Shankar von Mysuru wrote a post online about buying homes in Bengaluru.
Bengaluru is a big city in India where many technology workers live.
He said that in 2026, buying a home there is very, very hard.
A small two-bedroom flat in a good area now costs at least 1.4 to 1.8 crore rupees.
Homes that cost less than one crore rupees have almost disappeared from the city's center.
People with good jobs still have to pay very big monthly loan bills, sometimes up to 1.1 lakh rupees.
Many people replied and said the same thing is happening in other cities like Mysuru and Mangaluru.
Some people said prices go up every year and pointed to fast-rising land rates.
A few people disagreed and said cheaper used flats can still be found.
The online discussion shows that many people are worried about not being able to buy a home.
X user Shankar von Mysuru posted on August 4, 2026, that buying a home in Bengaluru 'feels less like a goal and more like a fever dream.'
A decent 2BHK in a good locality now starts at Rs 1.4-1.8 crore, while homes under Rs 1 crore have almost vanished from the core city.
Mid-level professionals face monthly EMIs of Rs 80,000-1.1 lakh, which the poster says swallows a huge chunk of salaries even as incomes rise.
Commenters said price spikes extend beyond Bengaluru, with Mysuru sites selling for Rs 1.2-1.5 crore and Mangaluru flats starting at Rs 3 crore.
Some users disagreed, noting second-hand 2BHK flats are available for as low as Rs 1 crore through distress sales, while others blamed NRI investment and speculative money.
- Who
- Shankar von Mysuru, an X user whose viral post sparked replies from many social media users about housing costs in Bengaluru and other Karnataka cities.
- What
- A viral debate over surging Bengaluru property prices, where 2BHK flats start at Rs 1.4-1.8 crore, homes under Rs 1 crore have nearly vanished, and monthly EMIs run Rs 80,000-1.1 lakh.
- Where
- Bengaluru, with commenters also citing Mysuru and Mangaluru in Karnataka, India.
- When
- The post was shared on August 4, 2026, discussing prices in 2026.
- Why
- Property prices have outpaced income growth, with commenters citing NRI investment and speculative or corrupt money, while the poster asked whether Bengaluru is pricing out its own workforce.
Housing is unaffordable and prices are unfairly inflated
Affordable homes still exist and rising prices are the new normal
Can people still afford a home in Bengaluru?
Housing is unaffordable and prices are unfairly inflated
A decent 2BHK starts at Rs 1.4-1.8 crore, homes under Rs 1 crore have vanished from the core city, and EMIs of Rs 80,000-1.1 lakh swallow salaries, making ownership feel impossible.
Affordable homes still exist and rising prices are the new normal
Affordable options still exist - plenty of second-hand 2BHK flats are available for as low as Rs 1 crore through distress sales caused by job losses.
What is driving the price hikes?
Housing is unaffordable and prices are unfairly inflated
Many NRIs investing in Bengaluru real estate are the reason for high prices, while speculative and 'corrupt' money flows into the sector and governments show no interest in regulating it.
Affordable homes still exist and rising prices are the new normal
The debate itself asks whether this is simply the new normal, with one user noting this has been the trend for the past four years as prices climb steadily year after year.
Key facts
- Source of debate
- Viral X post by Shankar von Mysuru (@MeShankara)
- Date of post
- August 4, 2026
- 2BHK starting price (good locality)
- Rs 1.4-1.8 crore
- Homes under Rs 1 crore
- Almost vanished from Bengaluru's core city
- Typical monthly EMI
- Rs 80,000-1.1 lakh
- Mysuru 30x40 site price
- Rs 1.2-1.5 crore
- Mangaluru flat starting price
- Rs 3 crore
- BSK 6th Stage land price trend
- Rs 8,000/sq ft (2023) to Rs 15,000/sq ft (2026)
Quotes
Shankar von Mysuru (@MeShankara)
Social media user commenting on Bengaluru housing market
“Buying a home in Bengaluru in 2026 feels less like a goal and more like a fever dream. A decent 2BHK in any good locality now routinely starts at Rs 1.4-1.8 crore, while homes under Rs 1 crore have almost vanished from the core city.”
NDTV
businesstoday.in
“This is the generation that earns more than their parents ever did, yet owning a house here feels more impossible than it did a decade ago.”
NDTV
Unnamed user
Commenter describing year‑on‑year price increases
“"This has been the new normal for the past four years. Every November and December, we used to go property hunting in BSK 6th Stage. In 2023, land was ₹8,000 per sq ft. In 2024, it was ₹10,000 to ₹11,000. In 2025, it reached ₹13,000 to ₹15,000. I finally bought it for ₹15,000 per sq ft in 2026, and now they're asking ₹16,000."”
businesstoday.in
“"I don't think you've researched this well. There are plenty of second‑hand 2BHK flats available for as low as ₹1 crore through distress sales caused by job losses."”
businesstoday.in
Sources
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