India, July 20 -- Bengaluru's real estate market has witnessed a sharp rise in property prices and rents over the last 2-3 years. While supply and demand are contributing factors, many buyers believe the real catalyst is the IT community itself, willingly paying inflated rates and unknowingly pushing up market benchmarks. Many don't realise that those who buy at peak prices often struggle to resell, as they're forced to quote even higher prices just to break even on their investment.

"There's no logic in pricing anymore," a user wrote on the social media platform Reddit. "People are paying Rs.1.5 crore for a 900 sq. ft. 2BHK, and once that happens, it becomes the new benchmark. Everyone else follows, and the price keeps going up." The sa...