In the white real estate scene in Bangalore, fear sells faster than the facts. The growth of technology feeding in the city, high rents, and cheerful new releases pushing young and buying professionals for the first time to Snap-frowning decisions more than planning. Social media outperforms the views of the club and “booking before the prices of prices”, while the brokers are urge to insist with tales of the fading stock.
But the viral post of a user now turns the text program, puts emotional and financial losses from falling for noise – and urges others to breathe before jumping.
Upon warning of others not to allow fear to dictate their financial resources, a Bangalore resident participated in a raw narration, after reserving a brown apartment for construction and continues for months to cancel the allocation and restore the amount of the reservation.
“You may think you are late for the real estate party. But here is a different perspective: you are already on time – to overcome this excessive wave and wait for a correction or installation,” the user wrote on Redait.
After they lived in Bangalore for six years, the user said that they chose consciously renting to buy-which measures the financial flexibility on EMI’s burden for two decades. They said: “The return of the weak rent is the high interest of interest, and the psychological weight of a 20 -year loan did not feel easy.” Between 2020 and 2022, they saw the market, but they remained cautious. Then the rents multiplied, and friends began to boast about new homes online. Fomo kick.
“They surrendered,” confess. This was followed by a whirlwind of site visits and price shocks. “Level 1 builders quoted from $ 1.8 -2.2 rupees for 2BHK. Even the 3/4 layer of builders wanted 1.3 rupees or more!”
In the end, they booked an apartment worth 1.2 rupees in East Bengalor after the sales stadium “80 % of the units was already sold”. But after the reservation, the red flags appeared. Legal issues, construction with a busy record, and worse – the same apartment was presented to a friend after weeks at a price of $ 10.
The user said: “Then I started following 100+ painful to recover my reservation amount.”
Their message was frank: “Real estate in Bangalore has already swelled. Do not believe the noise.” They wondered about aggressive marketing, delayed timelines for possession, and secret discounts – all signs, as they said, this demand is not as fever as it seems.
“In such times, criticism is the king,” they said, cited from economic uncertainty and labor market fluctuations. Their advice? “Be smart. Be patient. And most importantly, do not fall into Fomo.”
The echo of the publication on a large scale. One of the users, who is now running a real estate company, commented: “The second grade builders in Bangalore are conceited … The rents increased more than 50 % after the ruling.” Another said: “It is a course. If you live in the house you bought, this is an essential necessity, not an investment.”
A third called the “Book” Bani Sielis Fomo “, warning that the imbalance between the experienced sellers and the anxious buyers for the first time leads to unfortunately. They added:” Good luck waiting for a decline in real estate, “noting the continuous flow of black funds and the delay of infrastructure as pioneers of prices.
A final voice, echoing the feelings of the original poster, she participated: “I booked an apartment worth 1.8 crores. The stress of scrutiny, legal issues, and the escalation of cost led me to a nervous collapse. Cancel it was a relief.”
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