Landlord Demands Rs 4 Lakh Deposit for 2BHK Flat in Bengaluru, Tenant Shares Experience

Homeowners requiring exorbitant deposit amounts have made Bengaluru’s rental costs a serious concern for tenants. In a recent social media update, a local stated that they were required to pay a deposit of between Rs. 3 and Rs. 4 lakh for a 2 BHK flat with a monthly rent of Rs. 70,000 and amenities that were worse than those of a PG accommodation.

The incident was highlighted in this post. The resident stated that they were genuinely frustrated and that house hunting had become an impossible task since the city’s rental market was becoming ridiculous, according to the user.

Also Read

Union Minister Piyush Goyal Addressed Indian Diaspora in Chicago, Urged to Deepen Trade Ties

Asian Games 2026: Pranavi Urs Becomes First Indian Woman Golfer to Win Gold Medal

Verity Ft Anne Hathaway, Dakota Johnson, Josh Hartnett Fails to Live Up to What the Book Promises? Find OUT!

“Found a 2BHK in a pretty location, basically walking distance from my office. So yes, I was willing to pay a premium. The flat had a nicely decorated living room and balconies with good views. Asking rent: roughly Rs. 70k including maintenance. Deposit: around Rs 3-4 lakh. And the owner wanted an approximately 7-8 per cent rent increase every year, presented like he was doing me a favor because “others ask 10per cent.” At this point, where do people think money is coming from?,” the user wrote.

“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 user wrote further.

Bangalore’s rental market is getting ridiculous.
by
u/CapSteve4 in
bangalorerentals

“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,” the user said.” Don’t just accept “This is Bangalore.” If you’re paying a premium, demand premium value. Maybe someone else will happily pay Rs. 70k for this flat. Good for them,” the post said.

Although the flat was advertised as completely furnished, there was no refrigerator, no washing machine, no dining table and no bed in the second room. The local said that they had seen PGs with better furnishings. Because IT salaries aren’t infinite, particularly in the current climate, the tenant recommended that other tenants inquire about the rent and basic services and, if at all feasible, leave.