I'm not able to wrap my head around the pace at which rents increase in Bangalore.
We moved here about a year ago and rented a 2 BHK semi-furnished apartment with basic amenities for 28k plus maintenance charges. The rent agreement said there would be a 10% increase after one year. Even though it was a bit over our budget, we decided to go for it.
Now, a year has passed and we've settled in, but the owner is suddenly saying he's canceling the previous agreement and starting a new one with a rent of 38k plus maintenance. And he told us this only 15 days before! This new amount feels way too high for our apartment. We're thinking about moving out, but then again the trouble of finding another place and shifting all our stuff in short period is making me anxious. We are not able to decide on what to do. Is this normal here? Any advice?
Bangalore is only for those who earn more than 50 lakh annually. Otherwise one has to live a very sad life.
💯 agreed. Otherwise you will just be just spending all of your money instead of saving.
38k is way too much. And these so called owners will get it if not from you than from someone else. It's better to move out but I can understand the pain of finding house again. It's not easy job. Plus you have to pay brokerage again. Security deposit again. Lot of unwanted spenditure.
Yeah :(
For the past year, my WFO policy has been relaxed a bit. Previously, it was 3 days per week. Now, it's still 3 days, but I can manage with 3 days every 2 weeks. So currently, I'm considering moving back to my native place and maybe traveling biweekly.
Too much headache in travelling. Better to avoid it. Don't go to office at all. If your manager threatens than give him reason I can't afford 45k house.
A house is vacant in my building in Vijaynagar. Very close to Vijaynagar metro. 15k rent. 2Bhk, 1bath. Humble house but very nice locality.
Thanks, we are thinking about leaving for our native place for a few months.
Maybe Renew the lease for a few months until you find a cheaper house
Yes, we actually checked with the owner about the renewal. However, he is saying that renewal is not possible. He said, 'It is up to you to decide whether to continue or vacate. As I said, it is not a renewal but a new tenancy at market rates.' This will also have an 11-month lock-in period again!
There'll be some penalty if you break the lock in so it's ok. You'll have to make peace with paying that
Understanding what is the going rent for a 2BHK in Bangalore close to ORR.
Used to work from home happily. But office folks decided to make it hybrid last year and I moved to Bangalore with my wife. Rented a 2BHK flat near Marathahalli...
Recently our Owner asked us to vacate after 3 years of staying here in Koramangala, a 4 BHk home. Mostly be renegotiating with him.
Meanwhile in our search for possible other options, we have found that most of the residential properti...
I have took a 1Bhk house for Rs.13500/month in 2021 Dec. In the agreement it was mentioned that rent will be increased by 5% every year. But after 11 months he has increased it by almost 50% and made it to 19k. Again after 11 months now ...
In and around Whitefield rents have increased more than 10k compared to last year. It's very difficult to find a good house in budget near to office and near to kid school. Salaries are not increased but cost of living is touching the sk...
😅 Owner increased the rent by 15k to meet the market. They expect bachelor's to pay up or exit. 55k is the new price for 3bhk in a 15 year old society. When will the bubble burst? Is everyone making 40-50 lakhs?
