In a recent instance in Bengaluru, a woman looking for a flat was stunned when the landlord requested a hefty INR 5 lakh deposit for a flat with a monthly rent of INR 40,000. Harnidh Kaur, who had come across this rental option, was shocked by the disproportionate deposit demand, which was nearly 12 times the rent. She expressed her dissatisfaction, calling it "not worth it." Reactions poured in on social media, with one user, @Mohit12425, noting that the owner requires security in case of damage, while another, @poha_met_jalebi, quipped that a hotel or Airbnb would be cheaper. Many locals pointed out that asking for a 10-12 month deposit is a common practice in Bengaluru’s rental market, leaving tenants frustrated with the growing affordability issues. Bengaluru Sees Highest Rental Yield of 4.45% in First Quarter of 2024, Mumbai Next, Says Anarock Report.
Woman Asked for INR 5 Lakh Deposit for INR 40,000 Rent Flat
5 lakh deposit for a flat with 40k rent :)))))
I’m so tired :))))
— Harnidh Kaur (@harnidhish) November 11, 2024
The Owner Requires Security
owner needs security in case u damage anything
— Mohit Bansal (@Mohit12425) November 11, 2024
Better Rent an Airbnb
isse sasta to hotel ya airbnb padega
— Average Engineer (@AverageProMax) November 12, 2024
Common Practice in Bengaluru
Welcome to Bangalore
10-12 month deposit is very common ask here
— Poha Jalebi (@poha_met_jalebi) November 11, 2024
(SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user's social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY does not assume any responsibility or liability for the same.)