A recent tweet by Harnidh Kaur has brought attention to Bengaluru’s steep rental market, where a Rs 5 lakh deposit and Rs 40,000 monthly rent are becoming the norm. Kaur’s post sparked widespread discussion, with renters sharing similar struggles and questioning Bengaluru’s high-security deposits. Unlike other cities like Delhi and Kolkata, where deposits range from one to two months’ rent, Bengaluru and Mumbai landlords commonly demand six to ten months’ rent upfront.
Bengaluru’s elevated deposit requirements, often justified by landlords as protection for premium amenities, are contributing to a shift towards homeownership among younger residents. High rental demands, combined with slow deposit returns and restrictive tenant screening, are making millennials and Gen Z rethink renting as a long-term option.
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