Bangalore's rising rent prices are pushing the residents to the edge, and many call the “unsustainable” situation. The viral contribution on the Grapevine social media platform has caused outrage over renting salaries, while users shared their financial struggles.
The original poster emphasized the grim reality: “Rent increases faster than salaries grow.” They added: “3 BHK is now closer to 90K in the upper areas. Even in Sarjapur Road/Bellandur near Tech Parks, it's not less than 70k. ”
“This is unsustainable, because salaries do not increase at this rate. I know it,” the user said.
The situation is not limited to Bangalore, as the user emphasized: “He spoke with several friends in Delhi NCR. This is definitely the case of gurigram and delib. “Mumbai? “There is no talk about the city or no points.”
The post resonated deeply with users. One shared a personal fight and said, “My current CTC is the same as my annual rent. Last year my hike was 8%while my rent increased by 10. My only economical grace is that my household is two revenue. “He lamented another:“ It is really unfortunate that one person's income is completely consumed for rent. It's like working for your landlord. ”
Some recommended drastic measures to face rent. One user sincerely suggested, “BRO, re -evaluate your lifestyle. Why is your rent the same as your monthly salary? To move. Look for other areas. Commute from further away. ”
Others proposed ownership of the house as an alternative. “Buy an apartment, pay EMI 50K – at least you build something.”
Some accused tenants for driven the price increase. “Bachelor are ready to take 2/3 BHK for 70K and 10 people remain there sharing rent. So 7k is much cheaper than PG … Families with a single income are screwed for a long time. ”
Given that rent prices are rising across the main Indian cities, many fear that the situation is only getting worse. The question remains: How long can salaries keep up?
