Bangalore Community

by RickSanchezRD

Student

4 months ago

Bangalore Rents are going Crazy

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 properties are being inflated randomly by the owners recently, the reason being, we all know the influx into Bangalore & I have had a call with few properties - 1.3 Lakhs quotes for unfurnished 4 BHK home in HSR Sector 1 - 1.5 Lakhs quoted for Unfornished 5 BHK in HSR sector 3 Too much firing in place, AI advent, Funding slowdown in Startups Things are going super greedy with owners here in Bangalore. Thoughts on how to overcome this situation ?

BiryaniEnthu

Stealth

4 months ago

Quoting high rent and getting them are different Are these even finding people willing to pay?

BiryaniEnthu

Stealth

4 months ago

They should as for replacement tbh after eating

Jack3d

Unicorn

4 months ago

The rents are matching Mumbai now. No point going to Bangalore

B4Consultant

4 months ago

Area will never match. But get your point.

LadyGaga

JP Morgan

4 months ago

True. Hyderabad best now

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DiracDelta

Student

4 months ago

I was house hunting in Hyderabad, they asked 2.smth for renting a 3 bhk :)

SabChangaSi

Stealth

4 months ago

That's like saying i was in phulera Village and a 3 bhk house costed 4L pm. We know it's possible but it's not the norm.

DiracDelta

Student

4 months ago

Ik it's just that this happened yesterday and I saw this post on the same topic so couldn't resist mentioning it!

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MightyLazyGeekStar

Stealth

4 months ago

Hopefully someone is coming up with a fractional ownership real estate startup at urban cities.

BiryaniEnthu

Stealth

4 months ago

How does that work? I have heard similar setups in Goa RE

Borosil_Carrier

Stealth

4 months ago

Timeshares 😂

ValKilmer

SaaS

4 months ago

Being a 3rd gen non-kannadiga bangalorean I'm forced to admit that local landlords have really always been greedy with their 10 month rental deposit demand. And now with crazy rental hikes. There are some folks in recent times who have slowly stopped with the 11 month deposit non sense and come down to 3-6 months, that too on negotiable terms. No wonder proptech in any form seems to do well here. There's no way to overcome this situation, it's just how it is and will be with the city growing wealthier day by day. Law of supply and demand is heavily favored on in the rental supply side now, so prices will remain high

StudentInDilemma

Student

4 months ago

What is the security and month-wise breakdown and the minimum contract.

Runlord

US Based Startup

3 months ago

I had 1 year stint in Bangalore and never going back. Landlords were super educated IT honchos in US and amount of greed they displayed was crazy. They didn’t even pay back my deposit money citing some random issues which existed before I took possession as I was too naive not to photograph every angle of flat and send them pictures before I took possession. Horrible horrible mindset

courageousDev

TCS

4 months ago

How much rent is there or average per month

Brutallyhonest

Stealth

4 months ago

Yes. People are waiting to pay more and share more. Flushing old tenant is a good idea as per land owner as one might get used to property if stayed longer and hike is less. new tenant will pay more and give more advance that's it.