Bengaluru rental prices have become a major cause of concern for tenants as landlords demand outrageous sums of money for deposits. The incident was highlighted in a recent social media post, where a resident claimed that they were asked to pay a deposit of around Rs 3-4 lakh for a 2BHK flat with a monthly rent of Rs 70,000 and facilities poorer than a PG accommodation.
“Found a 2BHK in a pretty location, basically walking distance from my office. So yes, I was willing to pay a premium. there was no fridge, no washing machine, no dining table and no bed in the second room While the flat was advertised as fully furnished. “Asking rent: roughly Rs 70k including maintenance. “If I’m paying Rs 70k for a 2BHK, I don’t expect a palace. But I expect premium value. Big rooms, proper furnishing, great facilities. I eventually offered around 65K with a three-month deposit. They refused. Fine. I walked away without regret. The resident advised other tenants to question the rent, inquire about the basic amenities and if possible, walk away, as the IT salaries were not infinties, especially in the current market. If you’re paying a premium, demand premium value. Maybe someone else will happily pay Rs 70k for this flat. Good for them.”
Because “others ask 10per cent, and the owner wanted approximately 7-8 per cent rent increases every year, presented like he was doing me a favour. Deposit: around Rs 3-4 lakh.
Highlighting that the city’s rental market was getting ‘ridiculous’, the resident said they were genuinely frustrated as house hunting had become an impossible task. The flat had a nice decorated living room and balconies with good views,” they said. The resident said they had seen better-furnished PGs. At this point, where do people think money is coming from?” they said. “That Rs 10-15k extra you’re casually paying every month is money that could have gone into investments, savings or simply buying yourself more financial security,” they said. “Don’t just accept “This is Bangalore.
‘System Harasses Us’ Reacting to the landlord’s demand, social media users highlighted that it had unfortunately become the norm in Bengaluru. The residents did not have any other option, as living far from the workplace would mean struggling in traffic. “The problem is, someone will pay that much. I don’t know why people in Bangalore don’t negotiate. It is unfurnished, btw. How were you ready to pay 65k.”
Not generalising, but someone will book that flat and pay 70k,” said one user, while another added: “For such small rooms, I pay around 26k, and I feel even that is too high.
A third commented: “Agreed. But what do we do when the system itself is built to harass us? The roads and infrastructure are built to fail us. That’s what is happening in Hyderabad. People are okay to live in stand-alone apartments and there’s just an oversupply there.”
Because the travel, traffic, petrol, cab prices will take away our time, hard-earned money, and peace, we can’t afford to stay anything more than 10km away from office.
A fourth said: “If everyone collectively stops going for these prices, it’ll just come down.
