Shocking Rent Deal in Bengaluru: Woman Asked for INR 5 Lakh Deposit for INR 40,000 Rent Flat, Netizens React, Calling It Common Practice in the City
A Bengaluru woman was asked for an INR 5 lakh deposit for a INR 40,000 rent flat, sparking outrage online. Netizens reacted, calling it a common practice in the city's rental market.
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
The Owner Requires Security
Better Rent an Airbnb
Common Practice in Bengaluru
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