Bengaluru landlord demands ₹5 lakh deposit for flat with ₹40,000 rent. ‘Insane,’ says internet

In the latest chapter of 'Bengaluru Rent Woes,' a woman claims she was asked to pay ₹5 lakh as security deposit on a ₹40,000 per month apartment.

Published on: Nov 12, 2024, 11:36:19 IST

By Sanya Jain

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In the latest chapter of 'Bengaluru Rent Woes,' a woman claims she was asked to pay ₹5 lakh as security deposit on a ₹40,000 per month apartment. Harnidh Kaur took to social media to share her renting woes and her post has grabbed eyeballs on X (formerly Twitter), where many said that rent prices in Bengaluru are “out of control".

A woman claims she was asked to pay ₹5 lakh as security deposit in Bengaluru (Shutterstock)

“5 lakh deposit for a flat with 40k rent. I’m so tired,” Kaur posted on X.

In many cities like Delhi, the security deposit is typically one or two months’ rent. In Bengaluru, known for its skyrocketing real estate prices and space crunch, the amount can go as high as five or even 10 months’ rent.

But the general consensus on social media was that ₹5 lakh as security deposit is high even by Bengaluru standards. Social media users pointed out that it exceeds a year worth of rent - which would have amounted to ₹4.8 lakh.

Only in Bengaluru

As Kaur’s post began to go viral online, she received a ton of surprised queries. The Bengaluru-based founder of The Hiring Update said that she did not agree to rent the apartment as it was not worth the ₹5 lakh ask.

“A year of deposit? Which city? When did this become a norm? How come this isn’t unethical?” asked fitness influencer Chirag Barjatya.

“Bengaluru house owners are thieves. They will give you a very hard time when you vacate,” another opined.

“Could be another reason for Nikhil Kamath to buy a house,” X user Niraj joked.

The post also renewed the old debate about which city offers the best quality of life in India. “Delhi is the best place to live in India. Public transport is great, best food, good night life, more green, less traffic, more affordable . We just need to improve the air quality. Mumbai is ahead in law & order scene though definitely but Bangalore has nothing over Delhi,” an X user wrote.

Some wondered whether it would be more financially prudent to buy a house rather than rent at such high prices, while others called out ‘greedy’ landlords for pricing tenants out of the market.

(Also read: ‘43,000 rent, 2.5 lakh deposit’: Woman seeks tenant for 2BHK in Bengaluru)

ABOUT THE AUTHOR
Sanya Jain
Sanya Jain is an Assistant Editor with Hindustan Times Digital. She has nearly a decade of experience in covering offbeat stories that speak to the everyday experience - from viral videos to human interest copies that spark conversation. Her interests stretch across business, pop culture, social media trends, entertainment and global affairs. Before joining Hindustan Times, Sanya spent two years with Moneycontrol and five years with NDTV. She holds an undergraduate degree in English literature from St Stephen’s College, Delhi, and a master’s in journalism from the Xavier Institute of Communications, Mumbai. Sanya has a sharp eye for spotting emerging trends and looking for newsworthy angles to elevate viral posts into meaningful narratives. She was the first one, for example, to cover Narayana Murthy’s remark on 70-hour work weeks that sparked a national conversation. She is equally at ease writing about business leaders as about the common man, about issues of national importance and memes that amuse social media. Sanya enjoys speaking with content creators, newsmakers and entrepreneurs to transform everyday moments into engaging, slice-of-life stories that resonate with readers. When she is not working, Sanya can be found curled up with a good book. Born and raised in Lucknow, she has spent the last several years in Delhi. She is deeply interested in animal welfare and now spends a lot of her time running after her destructive orange cat.Read More

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