Bengaluru’s soaring real estate prices put homeownership out of reach for many

Bengaluru, often celebrated for its robust IT industry and favourable climate, is grappling with a sharp surge in property prices that is increasingly pricing out the city’s middle-class population. The city’s rapidly expanding housing market is struggling to keep up with growing demand, making it harder for average families to purchase homes.

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The influx of tech professionals, attracted by job opportunities and urban infrastructure, has intensified the need for residential spaces—especially in sought-after localities such as Whitefield, Sarjapur Road, and North Bengaluru. These areas have become prime hotspots for 2BHK and 3BHK apartments, but a shortage in housing supply is driving prices higher.

Adding to the price pressure is the growing participation of Non-Resident Indians (NRIs) in the real estate market. With higher disposable incomes and the flexibility to work remotely, many NRIs are choosing to invest in Bengaluru properties, contributing to the surge in housing costs. The city now rivals other metro hubs like Mumbai and Pune as an investment destination.

Currently, the price of a 3BHK apartment in Bengaluru ranges between ₹90 lakh and ₹2 crore, making homeownership a distant dream for many. The imbalance between demand and supply continues to widen, leaving a significant portion of the city’s population unable to afford property in their own hometown. As Bengaluru’s growth trajectory continues, the housing affordability crisis is expected to deepen.