The Mumbai Couple Who Got Shocked With Rents Of Bangalore | The Tenant
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- Опубліковано 13 жов 2023
- In this episode of The Tenant, join us as a Mumbai couple embarks on a fascinating journey from the bustling city of Mumbai to the vibrant streets of Bangalore. Explore their unique experience of discovering a Bengaluru locale reminiscent of Mumbai's iconic Pali Hill. Delve into the lifestyle, rental expenses, and the concept of home ownership as they discuss the impact of choosing a child-free lifestyle on their housing decisions. Plus, don't miss our rent comparison between Bangalore and Mumbai, offering valuable insights into real estate dynamics. Whether you're contemplating a move or simply curious about their lifestyle transformation, this is a must-watch episode. Join us on their journey from Mumbai to Bangalore and uncover the secrets of Bengaluru's Defense Colony!
#tenant #bengaluru #rentalproperty
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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.
20 lacs deposit?? Because of these types of people, normal people like us are suffering.
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
No. You are sufferring because of an inefficient legal system.
It does not make it easy to eject unpaying tenants. So, owners try to safeguard against non-payment of rent, damage to premises etc by a largish deposit. Blame the govt for not providing an effective redressal mechanism that is fair to landlords - who invest huge amounts in places. A place like this in Defence Colony Indiranagar will easily cost 5-6cr. Would you handover 5cr rupees to someone for interest, without an guarantee that you will be able to get back principal with interest?
He could have bought a home in Bangalore with that kind of deposit and rent.
@@abhishekpas Not in Defence Colony Indiranagar. He is paying about 3% of the cost of house as yearly rent. That's how the rentals work in Bangalore.
@@neokarma5736 I don't mean that he should buy in indiranagar. He can buy nearby in North Bangalore comfortably using that deposit as down payment and rent as emi.
Vishal can you also take interview of the conman landlord who has royally fleeced this educated couple
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.
That was my reaction exactly.
This area defence colony is the cream de la crem, its got like he said old bangalore class with new design.. the rent is well within the mkt . Deposit ,well its tge 20 lac or 1.5lac rent .. not really ripped off just a another structure.. not all rentals are like that..
@@baijuthomas3716 It is upmarket, but not among the most posh areas of Bangalore. If the tenant wants to be fleeced, it is fine with me. After all, that money is coming into the economy of Bangalore.
😂😂😂
Hope tejas does not see this comment... omg... but its not tejas decision by the way.. it is priyas decisiom
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.
People like this are spoiling the rental market for most of the population paying crazy rents.
How’s it their fault? It’s the government’s fault for not creating good affordable housing. It’s a supply and demand issue. If supply is low, anyone who can afford it will go with it.
@hrisikeshbhattacharya5467 supply is not low, these ppl are earning more money so they don't know how to spend it, that's why they agree for these high rents. These ppl dont want kids obviously they will spend even more without thinking.
Indians with high income pays rents like a millionaire but has personal assets in loans like a regular middleclass. 🤣🤣. Just because you work in an high paying MNC doesn't mean you will be highly paid till you retire. Having high home loans, personal loans and paying high rent will not increase your personal wealth, and it is equal to misses oppurtunity for becoming a millionaire.
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😢😢😢😢😢😢
The guy got the math terribly wrong, it's definitely not a 2100 sqft hous. It looks more like a 1100 sqft home.
Exactly..I too felt the same.
Exactly, it absolutely does not look 2100 carpet. You can get a 4 bhk with big bedrooms and big living room in 2100 carpet. To me this house looks 1000-1200 carpet maximum
2100 sft including the neighbors house 😂.
@@milokors9261❤
@@Rocky007_M😮
Hustling, struggling nd pay 1.5L rent and 20L Deposit ...Wish I have such a struggle
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
That’s because he boasted himself as a startup founder.
@@Rocky007_Mlol
A 1.5cr 2,000+ sft house in Indiranagar Defense Colony? Multiply 4-5times that amount.
People rent what is comfortable for them. Not everyone wants to own a house, especially if they are not planning to settle in the city.
@@neokarma5736 you are justifying this horrible act in every comment... Are you that conman owner..?
@@indiangirl001 What is 'horrible' about it? It is simple Demand-Supply situation. People were moving around with job offers giving 100-200% higher package in 2022, was that 'horrible'??
Why do anyone needs to be a conman to justify the fundamental aspect of Capitalism - i.e Market forces and contract enforcement?
I own my own home in Bangalore built it in 2001. I don't rent out anything. But, I stayed on rent till I bought my home and
I had stayed in 4 differrent houses before I bought my own, and I have excellent relationship with each of the earlier landlords. The rent was 1/4th of my income at that time. I had options to go elsewhere for cheaper rent - but I chose to pay higher rent to be closer to workplace.
Why should one complain about high rentals when one has a choice to go some 10km away for cheaper rent? Is there any divine right people have to get Cheap Rent homes in Central Business District??
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.
Concept is Owner knows he will get people who will pay and he can earn the interest too.
Blame the government for making laws that make it difficult for the house owner to evict tenants
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!
Touché
Very humble .. and nice episode.. great Sunday morning 🎉
🤣Humble indeed.
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
Thank you for exposing such absurdity. You need to interview landlords too and see their side of the story. 😁
Yes please...I am willing to give my thought as Bangalore landlord.
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
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.
It's just a 1200-1300 carpet area home from the looks of it..
I would like to understand how can mover their career from cabin crew to VC firm. What skills and qualifications are required?
no skills, good looks and fancy english
She's an EA.
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.
The invasion which bought in so much money.
Trut but people who had homes in Bangalore are milking money everywhere with them living in the USA and collecting rent here
the 80s and 90s houses are now old and no one wants to live in them. Back then, all of us had similar financial backgrounds but nowadays the difference in pay for 2 similarly aged people is insanely skewed and people earning more want a better house. And landlords dont want to renovate the old houses cos the cost of renovating will take a lot of time to be recovered from rent. And many new apartments are not well designed and built. And this couple wanted a house in Indiranagar, so that reduces the chance of finding a good one even further.
Indians with high income pays rents like a millionaire but has personal assets in loans like a regular middleclass. 🤣🤣. Just because you work in an high paying MNC doesn't mean you will be highly paid till you retire. Having high home loans, personal loans and paying high rent will not increase your personal wealth, and it is equal to misses oppurtunity for becoming a millionaire.
dude, this guy is literally me. I spend all my time on the chair working or on the ground. crazy!
Good to hear you're having a good relation with each other.
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..
culturally aware lol. It was planned by brits hence not a sheethole like the rest of bangalore is.
Namma ooru😅
There are so many beautiful residential areas like jayanagar n Indiranagar in North blore too like Malleswaram n Sadashivnagar to name a few
There are many including Malleswaram, Basavangudi, Sadashivnagar (Palace Orchard), Jayanagar, Dollar Colony, Whitefield, etc.
Le heli heli area na hall madbeda. E kachadagalu bandu nam area haal aagtide.
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
Max 40knfor 3bhk
I’d say 80k-1L since it’s 10 steps from 100ft road and 6-10 months of rent. Same as what other landlords are charging in that area that I have interacted with.
Indians with high income pays rents like a millionaire but has personal assets in loans like a regular middleclass. 🤣🤣. Just because you work in an high paying MNC doesn't mean you will be highly paid till you retire. Having high home loans, personal loans and paying high rent will not increase your personal wealth, and it is equal to misses oppurtunity for becoming a millionaire.
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.
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😂😂😂
Reminds me Ananya Pandey saying my dad hasn't been to coffee with Karan so I had to struggle a lot 😢
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.
agree. I am a landlord and 20 lacs is insane. Rent I am not sure as the house looks very well done and new-ish and pretty huge at 2100 sft (looks much different on video). Rents have gone up like crazy in Bangalore since covid relaxation. I wouldn't have paid 20 lac but I guess so many of these startup people have a lot of disposable income and are ready to pay.
Sd as per the law cannot be more 2 months of rent. Just that it is not enforced in bangalore.
@@arjunchhikara... house owner can change the name from security deposit to cash loan for 1 year..
They should know where to look, rents here in Rajajinagar are around 30k-35k for 3bhk apartment.
fool ...it take 2hour to reach Indiranagar for work.
@@jamesraj8762 why don't you go to Indiranagar you tit.
@@jamesraj8762, Indiranagar is connected to Rajajinagar by metro but for folks like these and you, you want an elevated road from your bedroom to office.
did you not listen to what they said that they wanted a house close to work? And Rajajinagar has nothing to offer like Indiranagar and I say this as a local Bangalorean. And so what if rents in Rajajinagar is 35k? By that logic one can suggest Kengeri where it will be even lower. I could say you dont know wha you're talking to suggest Rajajinagar instead of Kengeri or Yeshwantpur.
Kengeri is definitely better than Indiranagar when it comes to traffic, air and noise pollution. The connectivity is good with a 20 minute ride to CBD by Metro. I forgot, that this kind of crowd never gets into a Metro or bus.
It is because of this reason, that Bangalore's environment has gone for a toss. Magic Bricks can showcase game changing projects like Suburban Rail instead of showcasing insensitive Noveaux Riches who live in their cocoons.
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.
North Indians can be fooled easily
@@tejuss954Gujarat un in west India
@@priy98 lol. I meant outsiders . Specifically people used to Mumbai rents
@@tejuss954 outsiders , north Indians.Someone who is from India is not outsider.
Very decent video 👍🏽
For extra minimal or minimalist spending maximum rent !
Hats off !
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.
Blame the government for making laws that make it difficult for the house owner to evict tenants
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.
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.
1.3 Lakh rent and 20 Lakh deposit for a 2100 square foot apartment in Indiranagar defence colony , whaooo
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.
What is Unscrupulous about it? Why should landlords not benefit from the salary & business boom?? Would you say the 'unscrupulous' IT employees are taking advantage of companies because of shortage of talent??
nothing unscrupulous about it. It's just supply-demand. People want more and more pay but dont want expenses to increase? absurd pov. and if people like this couple are ready to pay, it jacks up the prices for the enire market.
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..! 😂😂😂
Exactly😂😂
I cringed at his "idea". Zomato for jewellery? What if the delivery boyr runs away and pays the cops a bit so they don't find him? Women love to go to a jewellery shop and try on new things and buy but sitting on your couch to buy jewellery seems a bit dumb to me. But hey, if he's got the investment, maybe he knows it could be successful.
@@Whatreally123😂😂😂
These fellows have got conned .
.nobody pay 15 times as the deposit . 1.3 lakh is also way too high
😮 I heard that 11 months advance is mandatory in Bengaluru? Is it wrong? Or is it in new apartments?
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
nope. a "posh" apartment today in Bangalore will easily cost upwards of 2-3 cr and wont be anywhere close to the heart of the city like Indiranagar. and 1.3 lac rent for 5 years even with a 5% increase every year will come up to only around 1cr. And since they have no plans to settle down in Bangalore, renting makes sense. It's like saying one can purchase an entire commercial building in some area than renting an ok sized shop in a big mall. Location matters.
@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
That confused me as well... Is ge saying he is starting a jewelry delivery service? 😂. I don't think people order jewelry over the phone
He says he is in entrepreneur and he has fallen for scam and landlord has royally taken advantage of him
20 lacs deposit 😮..@1.3 lacs/mth rental that's like 15 mths......insane levels.....the owner milked them really well......
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
Indians with high income pays rents like a millionaire but has personal assets in loans like a regular middleclass. . Just because you work in an high paying MNC doesn't mean you will be highly paid till you retire. Having high home loans, personal loans and paying high rent will not increase your personal wealth, and it is equal to misses oppurtunity for becoming a millionaire.
Incredible
Right at the onset they should mention the locality where the house is located
They say Defence Colony repeatedly....
@@versaillesthomas It should be part of the intro by the Anchor .
It is the most expensive location in whole Bangalore. My friend has a house there which worth 15 cr.
We might be stingy with our road space in Bangalore but are way generous with our home space compared to Mumbai.
Please visit Hutchins Main Road in Cooke Town in Banaswadi Bangalore
This is one of the typical example why the rent in Bangalore has gone up like crazy
Rent is getting high in blore for good flats ....searching for house is also big tedious tasks for outstation visitor or one relocating
Beautiful ❤️❤️
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!!
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
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
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
how would they commute to the office which is in indiranagar?
@@ananyashrivastav8298 metroo
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.
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
20lakh deposit is just mind-blowing.😵
😊
@moneycontrol, Please try to interview some landlords and bring up the picture on the other side.
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 😭
Beautiful house n location
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.
This home is not for all , it has its own benefits, location matters a lot
@@user-uc7tf4pc5t yeah right but from which angle does it look 2100sqft carpet? And 15-16 month's deposit. Damn!!! Even by bangalore standards that's absurd
Bombay is bit like Hotel California "you can check in but you can never leave".
Legendary words ❤
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!!!
Su Che Tejasbhai... u hve been taken for a ride on the deposit
Good Apartment and locality, however, that deposit is ridiculous to the point of being borderline stupid!!
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
because all tambrams have moved to Bangalore. remove brehmins, and only oonga boonga culture remains in TN.
@@fwefhwe4232 there are brahms in chennai also...
If landlord is watching this episode, he would be smiling. 20 lakhs deposit 😊
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.
Vishal also got shocked when he heard 20 lakh Security deposit😊
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.
Real estate will not burst anytime soon.
Government is increasing Registration price. Cement, Steel, Labour salary, Land price is going up every year.
More and more youth are moving to Bengaluru every year and will have 30 year career in Bengaluru.
Real Estate burst happens only in Western countries where Inflation is almost Zero with cities losing jobs to China. Like Detroit.
Sheldon Spot! I wonder how many got the reference.
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.
Why dont u come to Hyderabad
I have seen so many episodes of The tenant show but this is the best episode of all ❤
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.
good couple .............never heard 20lakh as deposit tho
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.
I definitely think Bangalore houses are bigger than mumbai houses with similar rents
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 .
The locals there are rascals. They know IT couple earn well and there is shortage of inventory. They are over charing 3x after covid.
@@vinayhegde6571 yes .and companies are forcing people to join office .it's all planned .just for 2 days in office people have to move in banglore ,stuck in traffic and pay hefty rent .
@@vinayhegde6571owners everywhere are rascals. If you owned a house there you would also be doubling the rent if you could. No one says anything about Mumbai owners when it has the highest rent, but everyone calls BLR owners rascals, greedy, thugs.
1.3 lakh is peanuts yaar.....talk in crores 😂
What’s the name of his startup? Didn’t get the name
ausper
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.
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
Defence Colony, Indiranagar.
@@internetsensation1594 thank you very much...
become a landlord in Bangalore . I want to b a legal loteera
rent must be 1/5 th of salary
remaining 1/3 salary amt tenant must invest over period of time in mf hdfc flexi, quant tax plan
Entrepreneurs do not depende on salary.. they are into investments and getting return in Crores.
*I thought it was a 2BHK. Why is he saying a 3BHK?*
what is the guarantee that Tejas will get his SD back?
Renter will stop paying rent and refuse to vacate. Renter will sublet it to others.
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!
Wow , super house 🎉🎉 proud bengalurian ❤❤
What's the logic behind taking 12 months rent as deposit?
Blame the government for making laws that make it difficult for the house owner to evict tenants
ठीक है 😍😍🥰🤣
All VC should watch this and see how laivshly start up founders spend money and waste it.
It’s Bengaluru
Tejas can't have kid.. priya happily on airline
Don't judge.
20 lakhs as deposit? landlord ne badiya banaaya in dono ko
You haven’t seen Chennai yet.
Damn dude, pure mockery of rent.. This house shouldn't me more than 90k with 6 lakhs of Deposit the highest, I hope he is not scammed again
1.3l are you nuts?? 20L deposit? that LL is a goon..
Feel sorry for you. You've been fleeced.
Beautiful apartment but not at all worth the money and the deposit amount you have paid. For that money i would get a 3 bhk in a place like prestige shantiniketan or some other large high storey gated commmunity which will have all the amenities inside in whitefield or nearby. This place is right on the road with no security of a gated community .