Owning a home in Bengaluru is no longer just about finding the right neighbourhood or amenities, it’s become a financial puzzle for many. With premium apartments now priced between Rs 1.5–2 crore, homebuyers
are weighing salaries, EMIs, family support, and timing more carefully than ever. A recent discussion on Reddit provided insights into how residents are navigating the challenges of buying high-value homes in the city.
According to netizens, purchasing a Rs 2 crore house is not just about having a high salary. Many highlighted the importance of multiple factors, including a double income, financial support from family, careful management of EMIs, timing the market, and taking calculated financial risks. One user noted, “Don’t be fooled by marketing rhetoric. Buying a house within your capacity is very important for peace of mind.”
Several users shared personal experiences to illustrate these points. One Redditor recounted buying a 3BHK in Dommasandra two years ago for Rs 78 lakh and expressed surprise at how buyers are affording properties worth Rs 1.5–2 crore with a monthly income of Rs 4 lakh. Another explained that despite earning Rs 3 lakh per month in 2023, managing EMIs for a Rs 90 lakh property was challenging, saying, “Thinking about 20 years of EMI is scary.” However, many also argued that buying a home, even with a long-term loan, is better than paying rent for decades.
Long-term EMIs and job security remain key concerns. Several Redditors emphasized that private-sector employees may struggle with the unpredictability of income, making EMI management a source of stress. Pooling family savings and choosing the right purchase time were frequently cited strategies. One couple, both earning Rs 15 lakh CTC per annum, combined their savings with parental support to buy a home worth Rs 1.1 crore. Another buyer described purchasing a flat in 2018 for Rs 1.05 crore and paying off Rs 75 lakh over seven years through salary increments, bonuses, and low-interest periods during the pandemic.
Double-income households, according to Reddit users, are better positioned to stretch their budgets. While the EMI burden is substantial, many believe homeownership offers long-term security, a value deeply rooted in Indian culture. One user summed it up, “If you’re planning to live for 20 years, debt is inevitable, but it provides stability and ownership in the long run.”
The conversation highlights that while buying a Rs 2 crore property in Bengaluru is challenging, it is achievable with strategic financial planning, support from family, and careful timing. For many, these combined efforts make the dream of owning a home in the city a reality.
