Looks like its difficult to get an apartment in BLR now unless you are willing to pay a premium price. Earlier I used to see one room in 2/3 BHK for 10-15k. Now, its difficult to even get a room in a decent apartment for 15k. I checked on flat and flatmates and a room is going for as high as 35k in a 2/3BHK but most of them are about ~20k which I feel is too expensive for an un/semi furnished room. How much are you guys paying currently if you are okay and which locality? I want to understand, what's considered reasonable here.

Which areas are you looking at? That sounds absurdly high. I'd heard of rent climbing, didn't think it's that high!

It has climbed to double, pre covid to post covid. Everywhere in banglore.

Whatever has happened in terms of people coming back to Bangalore to join jobs, there isn't such a large exodus back that there is so much demand. In fact a lot of office complex buildings have very large vacancies. Accenture for eg. has vacated ⅔ of it's rented space permanently. You definitely have more supply of houses than before COVID, and less people than before COVID. And no, even 10% inflation does not explain a 2x rent. There is a very large amount of FOMO built up by people who are vested in this - unscrupulous brokers, greedy landlords. These rents are unsustainable, and few things will happen: 1. People will just move away, or to non-gated living, or outskirts 2. Houses will be empty, despite whatever you might hear, there is a glut of housing across Bangalore (and India) I know these things are easy to say, and in an environment of fear mongering, reality and sense don't matter, but here are a few suggestions: 1. Take a coliving/serviced apartment over 6-12 months. If you are going to pay a premium, get something for it. These places are not inflated randomly like individual apartments. 2. Put more legwork. When we rented, we first spent a day just going around in a cab, doing area recon over the entire region (Mahadevapura), we went to every society and asked the guards for contacts and what was going on. There are empty flats everywhere, and everywhere brokers told us it was all full. In my building there are 9 empty flats out of some 40, but ask anybody and they will tell you it's all full and rents are insane. 3. Engage with a good broker, they are rare and generally organised. You will not find them online, you will find them among the ones that the guards tell you to contact. They are the ones who generally build relationships with many owners. Although I still think they should be compensated differently, they are worth it. If you can do 1 or just stay further away, or outside Bangalore for sometime, then this too shall pass.

Yeah, i am not even touching bangalore seeing these crazy high rents. Hopefully this will cool down

@melodic-potato-92766 you used to pay 35k for 2bhk in year? i know some who paid 50k for 2 bhk for a fully furnished last year.

Damn these rates are crazy! I used to pay 15k for a semi-furnished 2BHK in a non-gated society before I left Bangalore is 2019.

I think house owners are trying to make up for the lost rent during the pandemic. I hope this sees a course correction.

My renewal will be interesting. Contract says 5% but I highly doubt owner will agree on this.

But why is this insane increase in BLR only and not in other cities?

general pay gap is higher for blr vs pune/hyd

@bored-photographer-23310 35k per month for 3 bhk.