Canadian Man Stunned by Bengaluru's Sky-High Housing Security Deposits
A Canadian man's social media post about the exorbitant security deposits in Bengaluru has sparked a heated debate about the city's real estate practices.
Real EstateHousing MarketBengaluruSecurity DepositRental PracticesReal Estate NewsJun 29, 2025
Caleb Friesen, a Canadian living in India, took to X (formerly Twitter) to express his shock after coming across a listing for a 3BHK apartment in the upscale Diamond District of Domlur. The rent was a significant Rs 1.75 lakh per month, but what truly stunned him was the security deposit: a staggering Rs 19.25 lakh.
“Rs 19 lakh for security deposit! absolutely bonkers what landlords are expecting these days, I could literally buy a new Mahindra Thar for less than this deposit. anyone know of a place in/around Indiranagar with 2-3 months deposit only? rent price range Rs. 80 to 1 lakh,” he posted, along with a screenshot of the listing.
The tweet quickly gained traction on X, racking up over 43,000 views and sparking heated debates over Bengaluru's real estate scene. Many users shared their frustrations and personal experiences with the city’s rental market.
“I'd say that you should be prepared to get your hopes quashed with your requirement. House renting is a mafia in this city,” one user remarked. Another added, “This is why some finfluencers say that buying houses is a waste of money. According to them paying high amounts as interest-free security deposit is better than paying EMIs!”
One user shared a personal experience: “I was thinking about moving to Bangalore after I left Chennai. But, after the first round of interviews with an office based in Bangalore, I checked properties around. All of them had security deposits more than my salary. So, I dropped the idea of moving to Bangalore.”
The post also drew some humorous takes. “Don’t buy a Thar. That’s for special folks only,” one person joked, while another quipped, “Negotiable rent and non-negotiable deposit!”
The situation in Bengaluru’s rental market is a reflection of the broader challenges faced in the city’s real estate sector. High demand, limited supply, and stringent rental practices have made it difficult for many to find affordable housing. While some landlords justify the high security deposits as a safeguard against potential damages, many tenants find these practices burdensome and unfair.
The debate continues, with many calling for regulatory measures to address the issue and make housing more accessible and affordable in Bengaluru.
Frequently Asked Questions
Why are security deposits in Bengaluru so high?
High demand and limited supply in the housing market, along with landlords seeking financial security, contribute to the high security deposits in Bengaluru.
What is the average security deposit in Bengaluru?
The average security deposit in Bengaluru can range from 2 to 6 months of rent, but in some cases, it can be as high as 10 times the monthly rent.
How can tenants negotiate lower security deposits?
Tenants can try negotiating with landlords by offering a longer lease or providing a good credit history. Some landlords may be more flexible if the tenant has a stable income and a good rental history.
Are there any regulations to limit security deposits in Bengaluru?
Currently, there are no strict regulations limiting security deposits in Bengaluru, but there are ongoing discussions and calls for reform to make housing more affordable.
What are some alternative options for finding affordable housing in Bengaluru?
Some alternatives include looking for shared accommodations, exploring lesser-known neighborhoods, or considering co-living spaces that often have more flexible terms and lower security deposits.
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