
Canadian tech influencer says Bengaluru landlords are the greediest, netizens agree: ‘Absolutely crazy'
In the now-viral post, which has sparked a discussion, Friesen compared the high security deposits in the 'Silicon Valley of India' with countries like Singapore, Dubai, London, New York City, and others. Friesen, who has lived in India for eight years, shared a screenshot of a flat up for rent on a popular property app, highlighting the security deposit for 12 months: Rs 23 lakh.
'Bengaluru landlords are the greediest in the world. Rs. 23 lakh security deposit (12 months rent) is OUTRAGEOUS. meanwhile, deposits in other cities: NYC? 1 month Toronto? 1 month Singapore? 1 month per year of lease SF? 2 months' Dubai? 5%-10% of annual rent London? 5-6 weeks',' he wrote on X.
See the post here:
Bengaluru landlords are the greediest in the world
Rs. 23 lakh security deposit (12 months rent) is OUTRAGEOUS
meanwhile, deposits in other cities:
NYC? 1 month
Toronto? 1 month
Singapore? 1 month per year of lease
SF? 2 months'
Dubai? 5%-10% of annual rent
London? 5-6 weeks' pic.twitter.com/WPkl5o40C9
— Caleb (@caleb_friesen2) July 21, 2025
With nearly two lakh views, the post sparked a fresh discussion on surging rents and security deposits in metro cities. Several users agreed with Friesen's post, with a user commenting, 'Bengaluru is absolutely crazy honestly. We here in MMR pay 3-5 months depending on area and they actually give back the deposit if house is maintained well.' Another user wrote, 'Very greedy. And they will try their level best to cut everything from the deposit when you leave and return pennies.'
'One makes them greedier, if we simply go without negotiating to a sensible price point with them. I feel that's what happened to most of these stubborn landlords, few people really paid for what they asked, & the market is now disturbed,' a third user reacted.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Deccan Herald
12 minutes ago
- Deccan Herald
Closure of Jan Aushadhi Kendras : Nadda asks CM Siddaramaiah to reconsider decision
In his letter, Nadda highlighted that JAKs provide quality generic medicines at rates typically 50% to 80% cheaper than leading branded medicines in the market, which has resulted in estimated savings of about Rs 5,700 crore to citizens in the state over the last 10 years


Time of India
25 minutes ago
- Time of India
A decade on, Spices Park fails to spice up exports
Vijayawada: Spices Park in Guntur has been lying in a neglected state for the past decade. Spread over just 125 acres, the Spices Park was envisioned as an international hub for spices, particularly chillies. However, the park has failed to attract even 30 industries due to lack of sustained focus. Experts believe it has the potential to become another Sri City if properly promoted by the state government. The Spices Park was a well-conceived initiative aimed at empowering farmers by enabling direct market linkages with exporters, thereby helping them secure better prices for their produce. Designed to provide common infrastructure facilities for processing, value addition, and storage, the park was meant to serve the farming community in the region. Facilities for cleaning, grading, and packing were expected to ensure higher quality produce, resulting in better market prices. The Spices Board of India established the park on the outskirts of Guntur city across 125 acres, with the objective of creating a value chain ecosystem and establishing market linkages for chilli farmers. The park was inaugurated in 2015, with the Centre and state governments spending around Rs 20 crore to set up essential infrastructure. However, the park is currently languishing in darkness, with no proper street lighting, damaged roads, and a lack of drinking water. Despite its potential, neither the Centre nor the state governments took adequate steps to promote the park as a major hub for chilli and spice-related exports. Even a decade after its formal launch, only about 20–30 units are operating from the park, leaving it among the most neglected industrial estates. While the Spices Board allotted land to 18 exporters for setting up processing units, only five have completed construction, while seven others are still in progress. The AP State Warehousing Corporation (APSWC) has established two cold storages with a total capacity of 13,000 MT and a warehouse with a 10,000 MT capacity, spanning 16 plots. This infrastructure came at an outlay of Rs 60 crore. "We have brought the issue to the attention of the state government, seeking additional incentives to attract investment to the park," said chillies exporter Venkateswara Rao. GFX Export Potential Remains Untapped Spices Board had developed plots in the park to lease out to the private entrepreneurs to establish processing unit The Board has divided the total area of 93.42 acres into 58 plots, out of which 49 plots have been allotted to 18 entrepreneurs for establishment of private processing units Infrastructure including internal roads, drainage facility created by the board was completely damaged Drinking water facility was not available in the park


Time of India
25 minutes ago
- Time of India
Bengaluru businessman coughs up nearly Rs 1 crore in tax dues for Ferrari, Merc
Bengaluru: A city-based businessman, who allegedly registered his high-end Ferrari and Mercedes-Benz outside Karnataka to evade the state's steep lifetime taxes, has been made to pay nearly Rs 1 crore in dues after a transport department inquiry. The department recovered Rs 61.9 lakh for the Ferrari 812 Superfast, which was registered in Jharkhand, and Rs 37 lakh for the Mercedes-Benz, registered in Puducherry. Officials said both vehicles were in regular use within the state, despite being registered elsewhere. "He is a resident of Bengaluru and operates his business from here. Both high-end cars were registered outside Karnataka to avoid the higher tax slabs applicable within the state. For instance, on the Rs 5-crore Ferrari, which he bought 4-5 years ago, he paid just Rs 14 lakh in Jharkhand. Had he registered it in Karnataka, he would have been liable to pay nearly Rs 1 crore in tax," a senior transport department official said. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru Under existing rules, if a vehicle registered outside Karnataka is used within the state for more than 12 months, the owner is required to pay the applicable road tax. "He failed to comply," the official added. The department issued a notice to the businessman in March this year, seeking recovery of unpaid dues. He initially claimed the Ferrari had only been brought to Bengaluru for servicing in Jan and would be returned to Jharkhand within three months. "Meanwhile, we gathered evidence showing both cars were being regularly used in Karnataka for over a year. On Friday, we confronted him with the details and warned of legal action for misleading the department," the official said. The businessman subsequently agreed to settle the matter and issued cheques to cover the outstanding taxes. This is the second such high-profile recovery by the department in recent days. Earlier this week, it collected Rs 40 lakh in tax dues from a businessman who had purchased used Rolls-Royce cars previously owned by Bollywood actors Amitabh Bachchan and Aamir Khan. The cars, originally registered in Maharashtra, were being operated in Karnataka for years without payment of local taxes.