A Reddit post has reignited discussions about Bengaluru’s skyrocketing rental housing market. The post revealed a landlord demanding ₹40,000 monthly rent and ₹4.8 lakh as a security deposit for a 1BHK in upscale areas like Koramangala and HSR Layout.

Reddit users debated the practicality of such high rents. One commented, “Bengaluru is becoming like Mumbai,” while others noted rental increases of 23-30% annually, with some prime areas witnessing hikes as steep as 50%. Brokers confirmed deals like a ₹40,000 monthly rent for an 800-sq-ft 1BHK near MG Road.

While city-centre apartments command exorbitant prices, affordable options are available in suburbs like BTM Layout, Whitefield outskirts, and Kanakapura Road, albeit often with fewer amenities. However, tenants continue to grapple with hefty deposits, typically ranging from six to nine months’ rent, and sometimes double.

The trend reflects a growing demand-supply mismatch as Bengaluru cements its status as an IT and real estate hub.