3 ms·
Cities like Bangalore are worse (relatively speaking) than Silicon valley. Bad infrastructure, horrible traffic, pollution...and yet, home prices are sky high a
by vijayr 11y ago
Cities like Bangalore are worse (relatively speaking) than Silicon valley. Bad infrastructure, horrible traffic, pollution...and yet, home prices are sky high and out of reach for most Indians. A lot of Indians blame software people for this, and they are partly right. With all the multinationals moving in, the salaries went high and with it the real estate prices. Today, it is so bad that even software people can't afford, unless they are ridiculously highly paid.
That said, outside of the big cities there are still lots of places that are cheap to live - if you don't mind cows, electricity problems, internet problems etc.
- kamaal 11y ago>> Bad infrastructure, horrible traffic, pollution...and yet, home prices are sky high and out of reach for most Indians. A lot of Indians blame software people for this, and they are partly right. Not entirely true. I was born and raised in Bangalore. A long before software boom happened here, rents were still considered high for those times, this is because of the economic opportunity this city offers. I'm sure this is true for other cities too. This isn't Bangalore or any other city, as long as there are jobs in a particular city people move in to make a living. This reduces the supply of houses for living, and drives the prices high. >>That said, outside of the big cities there are still lots of places that are cheap to live - if you don't mind cows, electricity problems, internet problems etc. Sorry to break out the bad news to you. In most satellite districts to Bangalore like Mysore, Tumkur etc. The prices are almost on par as Bangalore.