Bengaluru landlord's Rs 2.4 lakh deposit demand from tenant sparks debate online
A Delhi content creator said his friend was asked to pay nearly Rs 2.8 lakh upfront to rent a Bengaluru flat. The post triggered a wider discussion on hefty deposits, brokerage and refund worries in the city's housing market.
A Delhi man shared how his friend was left stunned by Bengaluru's rental market after being asked to shell out nearly Rs 2.8 lakh upfront just to move into a flat, prompting a debate online over the city's long-standing practice of hefty security deposits.
Paritsh Sharrma, a content creator from Delhi, shared the experience in a post on X.
In his post, he wrote that a friend who had recently moved to Bengaluru had found a flat with a monthly rent of Rs 40,000. However, the owner allegedly demanded a six-month security deposit amounting to Rs 2.4 lakh, along with Rs 40,000 in brokerage fees.
Questioning the rationale behind the practice, he wrote, "Can someone explain the logic behind a 6-month deposit? I haven't seen this as a normal practice in any other major city."
He also expressed concerns over tenants not always getting their full deposit back after vacating the property, adding that Bengaluru's rental market appeared "too hyped."
Take a look at the post here:
The post struck up a discussion among social media users, with several people pointing out that large deposits have long been a common feature of Bengaluru's housing market.
One user said they had seen both positive and negative experiences. Recalling their own time in Whitefield in 2015, the person said their neighbour had stayed in the same house for eight years and had a cooperative landlord who raised rents only once every two or three years.
Another commenter cautioned prospective tenants to assume that a portion of the deposit may never be returned and advised factoring that amount into overall rental expenses.
Several users also clarified that the brokerage amount had nothing to do with the landlord and was instead charged by middlemen or brokers. One person explained that property owners typically deduct either one month's rent or the cost of repainting and repairs, whichever is higher, before returning the security deposit.
The post once again brought attention to Bengaluru's expensive and often controversial rental practices, which have frequently come under scrutiny amid rising demand and soaring housing costs in India's tech capital.
A Delhi man shared how his friend was left stunned by Bengaluru's rental market after being asked to shell out nearly Rs 2.8 lakh upfront just to move into a flat, prompting a debate online over the city's long-standing practice of hefty security deposits.
Paritsh Sharrma, a content creator from Delhi, shared the experience in a post on X.
In his post, he wrote that a friend who had recently moved to Bengaluru had found a flat with a monthly rent of Rs 40,000. However, the owner allegedly demanded a six-month security deposit amounting to Rs 2.4 lakh, along with Rs 40,000 in brokerage fees.
Questioning the rationale behind the practice, he wrote, "Can someone explain the logic behind a 6-month deposit? I haven't seen this as a normal practice in any other major city."
He also expressed concerns over tenants not always getting their full deposit back after vacating the property, adding that Bengaluru's rental market appeared "too hyped."
Take a look at the post here:
The post struck up a discussion among social media users, with several people pointing out that large deposits have long been a common feature of Bengaluru's housing market.
One user said they had seen both positive and negative experiences. Recalling their own time in Whitefield in 2015, the person said their neighbour had stayed in the same house for eight years and had a cooperative landlord who raised rents only once every two or three years.
Another commenter cautioned prospective tenants to assume that a portion of the deposit may never be returned and advised factoring that amount into overall rental expenses.
Several users also clarified that the brokerage amount had nothing to do with the landlord and was instead charged by middlemen or brokers. One person explained that property owners typically deduct either one month's rent or the cost of repainting and repairs, whichever is higher, before returning the security deposit.
The post once again brought attention to Bengaluru's expensive and often controversial rental practices, which have frequently come under scrutiny amid rising demand and soaring housing costs in India's tech capital.
