‘Is This A Joke?': Internet Can't Believe Rs 2.7 Lakh Rent Demand For Bengaluru Flat

News18

2 days ago

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A screenshot of an apartment in Haralur, Bengaluru with a rent of Rs 2.7 lakh per month went viral on Reddit.
A rental listing for a three-bedroom apartment in the Haralur neighbourhood of Bengaluru that charges a monthly rent of Rs 2.7 lakh and a security deposit of Rs 15 lakh has caused a stir on the internet. The 1,464-square-foot apartment, which one Reddit user called 'decent-ish" at best, gained notice after a screenshot of the listing was posted.
The Reddit post was titled, '2.7L rent for a 3bhk in Haralur?" and includes a screenshot of the rental listing with whooping charges mentioned.
'Is this something people pay for?" the Reddit user enquired before adding that the property appeared to be 'at best a decent-ish" flat, not deserving of such a high price tag.
'What is going on? Am I missing something? Or have people in Bangalore started paying this kind of money for shit apartments?" the Redditor added, questioning the outrageous rental fees.
Check out the viral post here:
One user commented, 'No one would pay this. Other flats in the same society are being offered at 50k."
A second user added, 'This is a step by the agents to start inflating the price."
Given that the claimed rent is far more than the going prices in the neighbourhood, some users even conjectured that the posting might be a phoney or test listing.
'Seriously how do they come up with these security deposit numbers though… 6 month rent, 8 month rent, 12 month rent, lifetime rent plus your 1 year salary," a third comment read.
'This is a cartel move. This allows other guys to start raising prices. Brokers are stupid or this is an NRI who has no clue," another said.
In February, a video went viral that showed a claustrophobic one-bedroom apartment being rented for more than Rs 25,000 per month. The video was shared on Instagram by a user who claimed that his friend owned the facility.
In the video, the poster stood in the middle of the room and showed the length of the room by effortlessly touching both walls with his hands. The whole space was a little larger than an adult's height.
Bengaluru has seen a sharp rise in rental costs, with certain localities seeing annual rises of up to 50 per cent. A two-bedroom flat in Koramangala, for example, currently costs about Rs 70,000 a month, which is roughly the same as comparable accommodations in the suburbs of New York.
Rent increases are more pronounced in some parts of Bangalore than in others. Rents in North Bangalore, which includes Hebbal, Hennur, and Thanisandra, are expected to increase by 20–25 per cent as a result of ongoing infrastructure improvements and the area's proximity to the airport.
High demand and a shortage of available properties have reportedly caused rents in desirable areas like Indiranagar and Whitefield to increase by 40 to 50 per cent in the last 12 months.
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News viral 'Is This A Joke?': Internet Can't Believe Rs 2.7 Lakh Rent Demand For Bengaluru Flat