The Mumbai Couple Who Got Shocked With Rents Of Bangalore | The Tenant 

The owner has fleeced him royally, and he thinks he got a good deal. In addition to ₹130,000 rent for this ordinary 2100 sq. ft. apartment with minimal amenities, he is earning another ₹20000 a month as interest from the rent deposit of ₹20 Lacs (that is 15 - 16 months security deposit). Also, this is not the most posh area of Bangalore as well. I am unsure how Tejas runs a start-up when people can fleece him so easily.

20 lacs deposit?? Because of these types of people, normal people like us are suffering.

I stayed in Defence Colony between 1994-2001. My starting rental for a 2BHK in 1994 was Rs 8,000 - which was a king's ransom then. When I left Defence colony, I was paying nearly Rs.20,000/month as rent. So, to anyone who is surprised about the rent - IT HAS ALWAYS BEEN EXPENSIVE. but recently it spiked even more.

Tejas, get out of the fantasy (and the apartment) you are living in. You have been scammed. It is scary to know the owner initially wanted a rent higher than Rs. 1.3 lakhs and increased the deposit to a ridiculous Rs. 20 lakhs and you were foolish enough to cough it up. For someone who physically visited 60-70 apartments, you seem to have done absolutely no research on the rentals etc.

Imagine be a landlord of this house , with 1.3 lakh rent and 20lakh deposite... If the landlord put deposite in a FD with 7% interste he would get additional 1.5 lakh per year plus the rent of 1.3lakh per month damn thats approximately 1.5per month lakh passive income😢😢😢😢😢😢

People like this are spoiling the rental market for most of the population paying crazy rents.

Vishal can you also take interview of the conman landlord who has royally fleeced this educated couple

The guy got the math terribly wrong, it's definitely not a 2100 sqft hous. It looks more like a 1100 sqft home.

Being a native Bengaluriga, I find it odd that, nowadays, people are struggling this much to find a home for rent. In our 80s and 90s days, it was bit tough to find rentable home, but not this much as somone has to go through 60-70 homes!!. Our city - Bengaluru - was so much better before this IT/BT invasion!! The standards and expectations of both tenant/owner are so much nowadays.

Even Vishal could not hide his shock when he mentioned the deposit 17:40 Usually in other videos, he can hide well or be subtle

Excellent Residence really appreciate but the concerning part is what is the sense and Concept of deposits of more than 15 times of monthly rent. There must be provisions in Model Tenecy Act which must place a Bar on Maximum deposits in commercial and residential properties.

Hustling, struggling nd pay 1.5L rent and 20L Deposit ...Wish I have such a struggle

I'd say other than the deposit (which should be 10 months), rent is quite ok for a 2100 carpet area home (2500 sqft super built), I've given a flat half the size for 50k + 5k maintenance, also in an ultra posh area, so double that for double the space is fine. A 1500 sqft flat in Mumbai prime area will cost 2L rent easily.

I had to replay the part when he said 20 lakh, just to make sure he is telling it right. What on earth is a 20 lakh deposit? That could have been a downpayment for a 1.5cr house lmaoooo

Thank you for exposing such absurdity. You need to interview landlords too and see their side of the story. 😁

I stay close by to Defence colony. This area in bangalore is most sort after, even before the the IT boom happened. It's been very peaceful, serene, calm since the inception 80's . The civic infrastructure and centrally located, along with the culturally aware residents is what sets this apart. Jayanagara and HSR layout are also few of the pristine residential gems of bengaluru. ❤ Namma Huru..

I would like to understand how can mover their career from cabin crew to VC firm. What skills and qualifications are required?

75k rent 8 lakhs deposit I think is the correct value Anyone agrees? Also I liked the foldable table, good for dinners and reading books. Aesthetic

I'm a landlord in Bangalore but 20 lacs deposit is insane. BUT having said that, it is Indiranagar and unfortunately the startup boom since covid relaxed has essentially made rents in Bangalore crazy. Only few areas like Indiranagar, Marathhalli, Electronic city, HSR etc where there are tech companies that the rents are this super high. And if people are willing to pay this kind of rent and deposit cos they have the money, that sort of ruins it for others who cannot afford the same.

They should know where to look, rents here in Rajajinagar are around 30k-35k for 3bhk apartment.

The owner thought these guys are struggling, because rhey are starting something new. Idk when the definition of struggling became not being able to afford a house at all to only being able to spend 130k per month as the rent. I'm personally only capable of spending barely 25-30k per month for renting a room as a bachelor, and I would call myself in the top few percent in Bangalore, let alone the country. I wouldn't call myself struggling at all😂😂😂

I live in Indiranagar just behind Leela Palace Hotel and 20 Lakhs deposit for this apartment at first floor, I just want to say landlord royally fooled them. No one asks for 15 month deposit, come out of that house dude. there are so many beautiful houses in Indiranagar which you can avail within 70k-80K. I still think this is made up numbers he is telling

Very humble .. and nice episode.. great Sunday morning 🎉

I literally burst of laughing when I heard 20 lakhs deposit🤣 It’s true the tenants are the true fools. Asking is free, giving is what costs you resources & clearly they don’t care much for their’s. It’s high time the regulators busts these predatory landlords’ asses.

This video is mind boggling. So many things just dont make sense: 1. There is no way this place is 2100 sq ft carpet, its more like 1100 sq ft carpet. 2100 sq ft carpet area is where brands like sobha, prestige build 4bhk+ servants quarters, with huge balconies. I fail to see where all the space went in this apartment if its 2100 sq ft. 2. The running rate in indiranagar for such properties is around 1 lac max. They seemed to be paying atleast 30% extra, which they claimed is the reduced rent. What?! 3. 20 Lakh deposit, which is 15 times the monthly rent, is just unheard of!. For some perspective, big brands that build high rise apartments with dozens of amenities offer 3bhk apartments for 2 crs. 20 lakh could have been the downpayment for such projects. 4. They say dont believe in renting because they want to move around freely. Last time I checked there is no burden of taking the house along with you when you move to another place. Tons of people who live in different cities rent out their properties in bangalore. I would rather pay 20 lac as deposit and 1.3 lac emi for my own high rise unit at a brand project. That would give me a property after 20-25 years which I can use rent free for another 20-30 years, or get rental yields for life if i dont intend to stay there. None of this makes sense! On the good side, I like how the house is so minimalist. Amazing interior design in a time where people tend to over design their houses. Looks classy!

This is an insane amount they are paying for defence colony and the house certainly does not look like 2100 square feet carpet it's more like 1300 sq feet. Also what is the maintenance he is paying for this flat. 1.3 lakh is very expensive the rentals are more in the area of 70-80k and the landlord has clearly fleeced you Tejas by charging 20 lakhs as sd. That is criminal as the sd is usually 6-10 months rent as deposit. I think landlord has capitalised on your lack of options and fleeced you guys big time. As you are now staying in indiranagar keep an eye out for renewal time you will get a much better deal than this. In an area like say 13th main road a 750 sq feet unfurnished older construction house comes for 28k a month plus 1.4 lakh deposit. Keep that benchmark in mind. In 1sr cross road where Tejas lives an apartment like the one he is staying in should cost about 70-80k a month and say 10x rent as deposit.

So "strugglers" renting out a 2000 sq.ft carpet flat for Rs.1.3 lacs with deposit 20 lacs and this guy dreams of a unicorn with a Zomato like idea for gold jewellery..!!!! I just wonder how Ashneer Grover would react to these guys...!! "KYA KAR RAHA HAI YAAAR"..!!!!! They are just some random idiotic couple with piles of money gushing down from their parents..! 😂😂😂

These fellows have got conned . .nobody pay 15 times as the deposit . 1.3 lakh is also way too high

dude, this guy is literally me. I spend all my time on the chair working or on the ground. crazy!

20 lacs deposit 😮..@1.3 lacs/mth rental that's like 15 mths......insane levels.....the owner milked them really well......

I am surprised by her excitement.I didn't have this much excitement while purchasing my dream home nor never invested this much time on any of my property investment. You could have got an appartment a posch one itself and paid off the whole emi in max 5 years by using 1.3 lakhs rent

Carpet area is 1250sq ft max. Doesn't look at all like a 2100sqft. At this cost they could have bought a house ! Locality is no doubt very good, but the deposit amount is insane.

Unscrupulous Bangalore landlords taking advantage of the fact that tenants are mostly looking for apartments these days close to their workplace because of the nightmarish traffic situation thus shrinking the market size significantly. This is the only explanation behind the sudden stratospheric spike in rents at a time of low to zero increments and widespread job losses.

1.3 Lakh rent and 20 Lakh deposit for a 2100 square foot apartment in Indiranagar defence colony , whaooo

Right at the onset they should mention the locality where the house is located

Nice house and soft spoken couple. But Vishal Bhai this does not look 2100 sq ft carpet at all. More like 1300 or something. Our Ulwe place was close to ~1900 carpet & ~2800 built-up. This looks much smaller. Maybe Tejas has confused carpet with built-up. Also, who is to judge, but why do double income no kids couple prefer this quiet residential neighborhood. If you don't have kids then live in the most happening part of the city, right? India is a very strange country, LOL.

Good to hear you're having a good relation with each other.

He says he is in entrepreneur and he has fallen for scam and landlord has royally taken advantage of him

These numbers are absolutely insane. I personally know someone renting at walking distance from this building, newly built society, covered parking, quiet neighbourhood and well lit 3bhk paying 60-65k for rent and a 6 months deposit. The owner is a tough cookie though, internet, cable, car cleaning, all by predefined vendors only. I highly doubt this flat is 2100sqft. 1200sqft would be more apt from what is shown on the video. I feel the brokers took the best of you guys. It would have been better to live in a hotel for a month and do a focused search rather than flying multiple times to find a property. The decision seems rushed and not well evaluated probably because of limited focused time for search.

This is one of the typical example why the rent in Bangalore has gone up like crazy

@2:00 Zomato of Gold to make Gold accessible to everyone. What !!! Gold is not accessible or affordable to everyone? If its about finding a Jewelry shop, then I think people will stick to big brands or known Jeweler. I am not sure how this startup idea is working out

For extra minimal or minimalist spending maximum rent ! Hats off !

1.3 lakhs for a 3 bhk... bro if u had come to uttarahalli, i would have helped you with a 40k and a bigger high floor one

20lakh deposit is just mind-blowing.😵

Bombay is bit like Hotel California "you can check in but you can never leave". Legendary words ❤

The lyrics from Hotel California are, 'you can check out anytime you like, but you can never leave'. He said check in 🧐

Always take advance minimum 3lakhs .. My tenant paid 55001 rs as advance and moved in , never paid rent .. police bribe.. lawyer notice . court and tension.. we got electricity disconnected by spending 10000 rs.. illegal to disconnect electricity.. then the tenant left. To fix electricity now 50000 deposit +bribe.. now house no electricity lying vacant.. total loss 4 lakhs

Previous gen entrepreneur struggles to pay rent lives in smal house to invest and save money for the business and grow it but present gen entrepreneur are totally different giving them priorities than the business 😢😢 PRIORITIES MISPLACED . IF NOT TEJAS AND FAMILY SHOULD BE BBORN WITH GOLDEN SPOON

Honestly speaking they are paying 80% of the rent to the locality and 20% to the house. Had the same house been in a different part of city the rent would be not more than 25K.

Everywhere we see so many people leaving mumbai to bangalore, hyd, del and pune... Bt post covid mumbai population and rush is at its peak..rents have skyrocketed... Dont understand whats happening

We might be stingy with our road space in Bangalore but are way generous with our home space compared to Mumbai.

Its always is choice between pretentious you want to be, the location you chose Vs the money you wish to spend. For 1.2L I would get rent a lavish bungalow or a villa in some quieter parts of Bangalore but again that would make me travel. If I had to work in Indiranagar, I would chose a apartment close to any of the localities on the purple line and that solves the problem of commute. I would have got a apartment for 30K with savings of 80K per month. Also save a lot on the deposit too!!

20 lakhs (Interest free) deposit!!! and No kids because you want to live anywhere in world??? My kid isn't stopping me to live freely!!!

The architecture in bangalore is aamazing... am from chennai and whenever i compare houses in chennai with houses in bangalore, i feel chennai houses are terribly shitty..... including my house... bangalore architecture is 100 times advanced than a city like chennai

Very decent video 👍🏽

This is not a good decision to rent a house for 1.3 lakh per month with 20 lakh as a deposit. Considering this as a good deal, making Bangalore a costly city artificially This type of person is spoiling the rental market in Bangalore and making it unlivable for normal people. They mentioned they looked at 80 houses; they didn't know where to look; they could easily get better houses for less.

That doesn't look like a 2100sqft carpet flat by any stretch of imagination. More like ~1100sqft carpet at best. 20L security, damn!!! That's a downpayment for 2cr apartment from good builders like Prestige/Sobha for a 3bhk(~1800 sqft). EMI would be around 1.5L/month So the owner is getting 1.3L per month rent+ ~12k interest even from basic FD on the deposit money. Overpriced is an understatement.

Sometimes when you give shagun to newly wed couple, normal amount appears below your status and you are inclined to pay more.

If landlord is watching this episode, he would be smiling. 20 lakhs deposit 😊

Rent could have been less. It’s 2100 sqft carpet area pretty huge… people charge 50k for 1200sqft SBA in posh areas… somewhere close to 80k-90k would make sense. The deposit is insane though 😭

Rent is too much in Bangalore .it was not that much before COVID .I was living in halsur in 3 bhk for 12 k .now it's gone upto 35 40 k .

1.3 lakh is peanuts yaar.....talk in crores 😂

The problem with not having kids -- despite all it's advantages like financial liberty, freedom, etc -- is you're at the risk of being alone in your old ages, especially when sick and dying.

Good Apartment and locality, however, that deposit is ridiculous to the point of being borderline stupid!!

Depositing is okay but when you vacate, then comes the issue. The owner will not give you your money until new tenant comes...

The entire IT + Real Estate bubble in Bengaluru would burst soon, as technology will be democratized into other tier 1 & 2 cities in next 10 years time.

Rent is getting high in blore for good flats ....searching for house is also big tedious tasks for outstation visitor or one relocating

20 L deposit ... he is practically getting rent from him and another rent amount without even giving any rent. Crazyyyyy how people even consider this kind of deposit.

This is 70k a month apartment and 10 lakh deposit! People overestimate Indiranagar! I’m sure their entire decision was based on proximity to her office but 1.3L for a small apartment is dumb move! You can buy a similar size apartment with that 20L down payment in Indiranagar.

Beautiful ❤️❤️

Incredible

Vishal also got shocked when he heard 20 lakh Security deposit😊

I came over to check this video shocked by the rent. Rent in indiranagar has been always high - back in 2013 it was 40k for a 3BHK duplex. But even going by the passage of time, this cannot be more than 80k per month at the most. if the tenant had taken into account the property rates/ sq ft - it would have not been difficult to estimate what the rent should be. This is not the best of best area like Lavelle road or such. Mumbai folks might find this acceptable, but if you are in blore, its different. There are very reasonable rentals n deposits. Also, a thought aside - why could not this be on lease of 20lacs?! i am at a loss to u/stand what sense brought the tenants to rent this place!!! Besides, the carpet area doesn't look like more than 1300 sq ft - built- up not more than 1700. On the positive side, he can always move out. I hope this isn't a locked-in contract.

Su Che Tejasbhai... u hve been taken for a ride on the deposit

Beautiful house n location

Koramangala is best place to live,help me to find any rented house. I want to live in big house as Jupiter dasha soon will start

I definitely think Bangalore houses are bigger than mumbai houses with similar rents

@moneycontrol, Please try to interview some landlords and bring up the picture on the other side.

*I thought it was a 2BHK. Why is he saying a 3BHK?*

Being born and brought up in Indiranagar ppl commenting you paying a high fee and comparing Indiranagar to other areas like dude you guys have clearly no idea and have not seen Indiranagar all the fine dinning to 7star Hotels are located the nearest to any IT company metro best hospital parties go crazy here but clearly comparing to mg road which is a commacial and Kormangala again has its own taste but nothing like Indiranagar!

become a landlord in Bangalore . I want to b a legal loteera

what is the guarantee that Tejas will get his SD back?

So moral of thr story never give too much information about ur self / job / ur family information to landlord to make him decide the tenent are rich anf can pay crazy money. Also never get into emotinal decision just like the guy did. Wify said come here whereever ur and got screwed up. What makes me think is that some one bought up in mumbai where u need to pay for a single inch how can he take such a decision.

Feel sorry for you. You've been fleeced.

most of the landlord ask question they are going to give it to u for free and they r doing some kind of favour ...... more city needs to be develop to stop landlord' Arbitrariness

Instead of renting at this price one can easily buy own house.

This couple is dumb to be honest. They could have stayed in an Airbnb for a month and then signed a lease and this place is so basic. Also, I agree with everyone it's overly priced.

Tejas can't have kid.. priya happily on airline

I mean the guy is paying 1.3 L rent..so it makes sense that a deposit of 20L is been taken... coz rent wud b 15L per year so..yeah

Why dont u come to Hyderabad

Please visit Hutchins Main Road in Cooke Town in Banaswadi Bangalore

What's the logic behind taking 12 months rent as deposit?

You told one of the expensive place in Bengaluru but you didn't tell the name of it. I hope it must be Sadashiv nagar

20 lakhs as deposit? landlord ne badiya banaaya in dono ko

good couple .............never heard 20lakh as deposit tho

What’s the name of his startup? Didn’t get the name

😂20 lacs seriously..

Loot liya Bhai ko.

Sheldon Spot! I wonder how many got the reference.

You haven’t seen Chennai yet.