Koramangala Man Shocked as Cooke Town 3BHK Quoted at ₹1 Lakh
Bengaluru’s rising rental market has once again sparked debate after a Koramangala resident took to social media to share his frustration about being quoted a staggering ₹1 lakh for a 3BHK flat in Cooke Town. His reaction — “Have people lost their minds?” — resonated with thousands of users who have been equally shocked by the city’s escalating housing costs.
The incident highlights a trend many Bengaluru tenants are experiencing: steep rent hikes, unrealistic quotes, and increasing competition for well-located apartments.
Why Are Cooke Town Rents So High?
Cooke Town has always been considered an upscale neighbourhood, but in 2025, prices have climbed faster than ever. Key factors include:
1. Expats and High-Earning Migrants
Tech professionals, startup founders, and remote workers with global incomes are willing to pay premium rates.
2. Limited Supply of Spacious 3BHK Homes
Old independent houses are being replaced with boutique apartments, reducing availability.
3. School and Lifestyle Demand
Cooke Town offers proximity to top schools, cafes, parks, and premium supermarkets.
4. Owners Expecting “Post-Pandemic Appreciation”
Landlords cite rising property taxes, renovation costs, and shifting market demand as reasons for high pricing.
What Tenants Are Experiencing in 2025
Bengaluru tenants have reported:
20–40% rental hikes during renegotiation
Brokers quoting “corporate budget” pricing
Long waiting lists for houses in central neighbourhoods
Pressure to pay high deposits despite city regulations
Many young professionals say they’re now forced to shift to suburbs such as Hennur, Yelahanka, and Sarjapur to find affordable spacious homes.
Tips for Renters Facing High Quotes
Compare at least 10 properties before finalizing
Negotiate based on area-average rents
Avoid panic rentals at peak-season pricing
Consider slightly outer but better value micro-markets
Use rental affordability calculators from trusted finance tools
Frequently Asked Questions (FAQ)
1. Is ₹1 lakh for a 3BHK in Cooke Town normal?
In some premium buildings, yes. But many apartments in the area still range between ₹70,000–₹90,000. It depends on amenities, age of the building, and owner expectations.
2. Why are Bengaluru rents rising so fast?
Demand from tech workers, return-to-office policies, limited supply, and premium location pricing have all contributed to steep rent increases.
3. Are brokers increasing prices artificially?
Some tenants report inflated quotes. Comparing prices and directly negotiating with owners can help avoid this.
4. Which areas are more affordable than Cooke Town?
HBR Layout, HRBR Layout, Horamavu, Hennur, and Kalyan Nagar offer similar connectivity at lower price points.
5. How can Vizzve Finance help renters?
Vizzve Finance provides market insights, affordability tools, and financial planning support to help tenants make smarter rental decisions.
source credit : Shylaja Varma
Published on : 20th November
Published by : SARANYA
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