Hindustan Times
Real Estate
Real Estate
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Bengaluru’s rental market: 5 things tenants expect from landlords
1 Lower security deposits: On average, landlords in Bengaluru charge anywhere between 5-10 months of rent as security deposit.
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In contrast, it is common practice to provide two-months’ worth of rent as safety deposits in other metro cities.
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2 Greater privacy and reasonable restrictions: Bengaluru landlords have often earned infamy for their eccentric demands.
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These demands extend from requesting resumes to income records and email approvals for guests to stay over.
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3 Better infrastructure: Besides traffic woes, the IT capital is also prone to water issues and long power cuts.
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4 Fully furnished homes: Tenants, especially those renting high-end properties, believe that quality interiors are a must.
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5 Standard annual rent hikes: Bengaluru has seen sharp rent hikes post Covid-19, by over 40% in prime areas.
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Per Anarock, Bengaluru recorded the highest rental yield amongst top-7 cities during Q1 2024 at 4.45%.
Photo Credits: Unsplash
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