Bangalore’s soaring rent prices push residents at the limit, many calling for the “unsustainable” situation. A viral article on the social media platform, Grapevin, triggered indignation in the face of rent increases exceeding salary increases, users sharing their financial difficulties.
The original poster has highlighted the disaster reality: “Loyers increase more quickly than wages increase.” They added: “A 3 BHK is closer to 90K in the high areas now. Even in Sarjapur Road / Bellandur near technological parks, it is no less than 70k. »»
“It is not durable because wages do not increase at this rate. I know it for a fact,” said the user.
The situation is not limited to Bangalore, as the user pointed out: “Talking to a few friends from Delhi NCR. This is certainly the case in Gurugram and Delhi. »Mumbai? “No point even speaking of this city.”
The post resonated deeply with users. We shared a personal struggle, declaring: “My current CTC is the same as my annual rent. Last year, my hike was 8% while my rent increased by 10. My only saving thanks is that mine is a two -income household. Another deplored: “It is really unfortunate that a person’s income is completely consumed to rent. It’s like working for your landlord.
Some have advised drastic measures to counter the tightening of rent. A user supported with without: “Brother, re -evaluate your lifestyle. Why is your rent the same as your monthly salary? To relocate. Look for other areas. Commute from further away. »»
Others have proposed ownership as an alternative. “Buy an EMI belonging to 50 km – at least you build something to you.”
Some have blamed the tenants themselves for fueling prices overvoltage. “Singles are ready to take 2/3 BHK for 70k and 10 people stay there by sharing the rent. Thus, 7K is much cheaper than a PG … single income families have been screwed for a long time. »»
The prices of rents skyrocket in major Indian cities, many fear that the situation will get worse. The question remains: how long can wages follow?
