Bengaluru man regrets not buying ₹30 lakh 1BHK in 2020, now worth ₹90 lakh: ‘I bought a car instead’
Bengaluru Man Regrets Not Buying 30 Lakh Flat in 2020
Bharatmorningnews.com – A Bengaluru man regrets not buying 30 lakh worth of property in 2020 when he chose a car instead — a decision that now represents roughly ₹60 lakh in unrealised appreciation. What began as a casual remark at a friend’s housewarming party in Choodasandra quickly became a viral social-media post, sparking widespread debate about Bengaluru’s accelerating real-estate boom and the opportunity cost of everyday financial choices.
The Original Decision
In 2018, the man, then 26, relocated to Choodasandra because the neighbourhood sat close to his workplace in HSR Layout and rents were affordable. He rented a 1BHK unit whose owner was planning to leave the city. Around 2020, the landlord listed the flat for sale at approximately ₹30 lakh. The tenant considered purchasing it but ultimately decided against it.
“I was 26 then and actually thought about buying it. But obviously, I didn’t, and instead I bought a car for myself.”
That trade-off — a depreciating asset over an appreciating one — has since become the source of his frustration and the subject of his online post, which many readers framed as a cautionary tale about timing in India’s fastest-growing housing market.
The Price Shock
Years later, while attending a housewarming gathering in the same pocket of the city, he noticed the streets lined with new residential towers and a proper walkway circling the local lake. Roads, he conceded, were still in rough shape. But the real shock came from a casual conversation about current asking prices.
“I found out that the same 1BHKs are now going for around ₹90L. Apparently, owners aren’t even very interested in selling because the rental income is good and they’ve already seen significant appreciation. ₹30L to ₹90L in six years.”
The tripling of prices in roughly six years mirrors a broader trend across Bengaluru’s outer-ring localities, where infrastructure upgrades, metro extensions, and corporate corridor growth have compressed what were once affordable suburbs into premium micro-markets almost overnight.
From “Nowhere” to Mini Whitefield
Looking back, he recalled the ridicule his friends directed at him over the locality’s
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