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As Bengaluru house rent continues to rise, tenants may now require a bank loan to cover their security deposit. Several recent listings from the city indicate the need for a multi-lakh deposit – going up to 25,00,000. But as listing websites assured, loans were available at the ‘lowest interest rates’.

An apartment currently listed on Nobroker.in has the owner seeking a 25 lakh security deposit from the prospective tenant, while another wanted 20 lakh. Both apartments are situated in Bengaluru’s HSR Layout area and feature four or more bedrooms each.

A photo of the flat listing has now gone viral on social media with many wondering if there had been a typing error. Others sought to know why there was no option for ‘kidney donation’.

 

The flat also comes with a non-negotiable 2,50,000 monthly rent.

“Centrally Air- conditioned apartment with 4 BHK and servant room. Dry and Modular Wet kitchen with OTG. Terrace garden with 5 Acre BBMP garden view. Optional full furnished option also available on request . Private elevator entrance . Roof top Swimming pool , steam , Sauna , kSquash Court , Club house and GYM. Terrace party hall with barbecue,” the listing explained. 

ALSO READ: Bengaluru brokers offer 10,000 ‘house hunt packages’ for prospective tenants

Earlier in April this year, a report released by Anarock said that Thanisandra Main Road and Marathahalli-ORR in Bengaluru had recorded the highest residential rental growth. These areas saw a rise of 24% year-on-year in the January-March period for a standard 2 BHK home of 1,000 square feet area.

Whitefield and Sarajpur were at second and third positions with 21% and 20% growth, respectively, in rental between January-March 2022 and January-March 2023.

Meanwhile, brokers in the city have begun offering ‘house-hunting packages’ that come with pick up and drop facilities. Brokers have reportedly begun hiring field agents to look for available properties. These agents look for inventory in a few designated areas and compile a list.

(With inputs from agencies)

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Updated: 29 Jul 2023, 06:36 PM IST

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