Amid the rising complaints over Bengaluru's pothole-ridden roads, traffic jams, and congestion, an investment banker took to LinkedIn, stressing the worsening
condition of the city, which was earlier celebrated as the Silicon Valley of India and known for the country's upgrading tech and startup ecosystem. However, seems like all of this is fading now with poor road conditions, people spending most of their time on roads, stuck in traffic and congestion, increasing air pollution, water shortages, power outages, and a surge in property prices. Investment Banker Sarthak Ahuja, in a post on LinkedIn, stressed the worsening situation of Bengaluru, stating that it has now been rated the third-worst city in the world for traffic jams. He added that people in Bengaluru are spending, on average 134 hours every year in traffic. "The traffic in Bangalore has become so bad that it is now rated the 3rd worst city in the world for traffic jams and congestion, and people spend on average 134 hours every year in traffic...," he wrote.
People leaving Bengaluru, moving to Mysore
Ahuja further highlighted that huge numbers of people are now leaving Bengaluru and moving to Mysore, further explaining the reason behind it. He cited the traffic, congestion on roads, air pollution, water issues and rise in property prices, for people leaving the city.
"And because of the rising air pollution, water issues, as well as rising property prices... people are now moving to Mysore...," he said.
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Here's what the data says
The banker quoted the data, stating that in the past year, real estate prices in Mysore have risen by over 30 per cent.
"Despite that, property prices in Mysore are 30-50% cheaper compared to Bangalore, while rental yields are higher...," he stated.
He further said that the cost of living is 10-20 per cent cheaper in Mysore, as compared to Bengaluru and people can travel anywhere in the city within 15 minutes by road.
"The Bangalore-Mysore expressway, which was completed in 2023, has propelled the access so much that bigger builders are now buying up parcels of land to build developments over the next decade," he wrote.
He further stressed that this problem is not just limited to Bengaluru, but all other metro cities too.
"This is the problem of all our metros, including Mumbai, Delhi, Gurgaon, Pune…," he wrote, adding, "So if real estate growth was seen in the metros over the past decade… I think all that growth will come from tier 2 cities in the coming decade."
