A house-hunter in Bengaluru voiced her frustration on social media after a landlord demanded a Rs 5 lakh deposit for a flat with a monthly rent of Rs 40,000. Harnidh Kaur took to social platforms to share her struggles in the city’s competitive rental market, while also calling for a cap on the deposits landlords can charge. Her post sparked a broader conversation about the rising cost of rentals in Bengaluru, often referred to as the Silicon Valley of India, and led to comparisons with other cities like Delhi. Some users even suggested Kaur might be better off buying a home instead of paying such a large deposit for a rental. Others pointed out that the Rs 5 lakh deposit amounts to more than the total rent for an entire year. “5 lakh deposit for a flat with 40k rent,” Kaur wrote on X (formerly Twitter), expressing how “tired” she was of the ongoing search for a reasonable rental in the city.
In response to Kaur’s post, several users shared their own experiences with sky-high rental deposits in Bengaluru. One person commented, “I was asked for seven times the rent. I managed to negotiate it down to five times the rent.” Another user recalled, “I paid a Rs 2 lakh deposit back in 2019! It’s just a classic case of supply and demand in certain areas of BLR. It’s crazy how things have escalated!”
Others expressed surprise, pointing out that in many parts of India, the standard deposit is just one or two months’ rent. “I hope you’ll get back half of the deposit. Is the landlord an NRI?” one user asked. Kaur responded, saying the flat wasn’t worth it. “Didn’t bother lol, the flat was NOT worth it,” she replied.
A third user expressed disbelief, saying, “I feel lucky to be renting in the days when the norm was just one month’s security deposit and one month’s rent in advance.”
5 lakh deposit for a flat with 40k rent :)))))
— Harnidh Kaur (@harnidhish) November 11, 2024
I’m so tired :))))
“That’s insane and doesn’t even make sense. That’s like paying a whole year’s rent upfront,” posted a fourth user.
A fifth joked, “Tell me you live in Bengaluru without telling me you live in Bengaluru.”
“That’s the down payment for another flat, and the monthly rent will cover the EMI,” wrote a sixth user.
Some users also compared Bengaluru’s rental scene to Delhi.
One user commented, “In Delhi, as far as I know, the deposit is typically three months’ rent.”
Another weighed in, “Delhi is the best place to live in India—great public transport, the best food, good nightlife, more green spaces, less traffic, and more affordable. We just need to improve the air quality. Mumbai is ahead in terms of law and order, but Bengaluru doesn’t have anything over Delhi.”
Source: News 18
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