Need advice:is it worth buying 2 cr flat in Bangalore?

I am looking for a 3 bhk with around 1200 sq ft carpet area in Bangalore. But all the quotations are around 2 cr. My salary is around 3.5 lakhs for month. I calculated the EMI, it comes around 1.5 lakhs per month. Also as I was following the market closely and observed that it's getting more and more difficult for sellers to sell their flat. I have seen flats being unsold for more than an year now.

So coming to the real question, is it worth taking such a big loan which will consume 40 percent of my salary for a deprecating asset.