Bengaluru’s residential real estate market is witnessing an unprecedented surge, with 2BHK apartments now touching the ₹1 crore mark in several micro-markets. This rapid rise has triggered an intense debate among homebuyers, investors, and industry observers: Are we riding a bubble?
Over the last few years, the city’s realty sector has seen steady appreciation driven by strong IT-led job growth, infrastructure expansion, and increased demand for modern housing. But the post-pandemic boom has pushed prices far beyond earlier expectations. Key localities such as Whitefield, Sarjapur Road, and North Bengaluru are now recording premium rates that were once associated only with central or south Bengaluru.
For many middle-income buyers, the ₹1 crore price tag for a 2BHK has become a point of concern, raising questions about affordability and long-term sustainability. While developers justify the surge by highlighting rising construction costs, land scarcity, and lifestyle upgrades, skeptics argue that investor-driven demand may be inflating prices artificially.
Experts remain divided. Some believe Bengaluru’s strong economic fundamentals, expanding metro network, and job stability safeguard the market from a bubble. Others caution that sudden price jumps without proportional income growth could eventually lead to market corrections.
Despite differing views, the sentiment among end-users remains cautious. Many potential buyers are postponing purchases, hoping for price stabilization, while others are turning toward peripheral areas with more reasonable valuations.
As Bengaluru continues to evolve as India’s tech and startup capital, its real estate trajectory remains under close watch. Whether the current surge represents a natural growth cycle or an overheated market will become clear only in the coming years. For now, the debate around the city’s ₹1 crore 2BHK homes is more active than ever.
