Man claims landlords asking ₹1 lakh rent for 3BHK Bengaluru house, sparks debate
The city of Bengaluru, known for its thriving IT industry and pleasant weather, has become a hub for people from all over the country to settle and pursue their careers. However, the city’s rapidly growing population and limited housing options have led to a significant increase in property rates, making it difficult for people to find affordable accommodation. A recent post on X (formerly Twitter) by a Bengaluru-based man has sparked a debate about the exorbitant rent being asked by landlords in the city.
The man, who is apparently on the hunt for a new house, shared his frustrating experience of searching for a 3BHK (three-bedroom, hall, and kitchen) house in Cooke Town, a popular locality in Bengaluru. He claimed that landlords are asking for a whopping ₹1 lakh as rent for a 3BHK house, which does not even include the maintenance charges. The man’s post read, “Landlords are asking for ₹1 lakh rent in Cooke Town for a 3BHK. Have people lost their minds?” His post quickly went viral, with many users reacting to the astronomical rent being asked by landlords.
One user, reacting to the post, wrote, “Won’t be surprised if…deposit was ₹12 lakh.” This comment highlights the harsh reality of the rental market in Bengaluru, where landlords are taking advantage of the high demand for housing and charging exorbitant rents and deposits. The deposit amount, which is usually 2-3 months’ rent, can be a significant burden for tenants, especially for those who are already struggling to pay the high rent.
The issue of high property rates in Bengaluru is not new. Over the years, the city has seen a significant increase in property prices, making it difficult for people to buy or rent a house. The demand for housing in the city is high, driven by the growing IT industry and the influx of people from other parts of the country. However, the supply of housing has not kept pace with the demand, leading to a shortage of affordable housing options.
The high rent being asked by landlords is not limited to Cooke Town or 3BHK houses. Many areas in Bengaluru are witnessing a similar trend, with landlords asking for high rents for even 1BHK and 2BHK houses. This has made it difficult for people, especially those with limited budgets, to find affordable accommodation in the city.
The Bengaluru-based man’s post has sparked a debate about the need for regulation in the rental market. Many users have called for the government to intervene and regulate the rent being asked by landlords. Some have suggested that the government should introduce a rent control act to prevent landlords from charging exorbitant rents.
While the government has taken some steps to address the issue of affordable housing, more needs to be done to regulate the rental market. The Karnataka government has introduced several schemes to promote affordable housing, including the Rajiv Gandhi Housing Corporation Limited (RGHCL) scheme, which provides subsidies to developers to build affordable housing projects. However, these schemes have had limited success, and the city still faces a shortage of affordable housing options.
In conclusion, the issue of high property rates in Bengaluru is a complex one, driven by a combination of factors, including the growing demand for housing, limited supply of housing, and the lack of regulation in the rental market. The Bengaluru-based man’s post has highlighted the need for urgent action to address this issue and make housing more affordable for people in the city.
As the city continues to grow and attract more people, it is essential that the government and other stakeholders take steps to address the issue of affordable housing. This can include introducing rent control measures, promoting affordable housing projects, and increasing the supply of housing in the city.
Read more about the man’s frustrating house hunt experience and the reaction of other X users on the issue here: https://www.news18.com/amp/viral/bengaluru-man-expresses-frustrating-house-hunt-experience-landlords-demand-rs-1-lakh-rent-aa-ws-l-9721246.html
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