The Hidden Costs of Renting in Bengaluru: An Investment Advisor's Warning
An investment advisor reveals the rental deposit trap in Bengaluru, a city where real estate practices can be misleading and costly for tenants.
Rental DepositReal EstateTenant RightsBengaluruProperty ManagementReal EstateApr 15, 2025
An investment advisor, who has been closely monitoring the real estate market in Bengaluru, has come forward to expose the rental deposit trap.
Frequently Asked Questions
What is the rental deposit trap in Bengaluru?
The rental deposit trap is a practice where landlords and property management companies in Bengaluru require tenants to pay high security deposits, which are often not returned in full or are unjustly deducted for minor damages or administrative delays.
Why is the rental deposit trap considered a scam?
It is considered a scam because landlords often find ways to deduct large sums from security deposits, citing minor issues, and the process of returning the deposit can be lengthy and cumbersome, causing financial strain for tenants.
What are some steps tenants can take to protect themselves?
Tenants should read the rental agreement carefully, take extensive photos of the property before moving in, join a tenant's association, and seek legal assistance if they encounter issues with their deposit.
Are there laws to protect tenants in Bengaluru?
Yes, there are laws in place to protect tenants, but they are often not enforced. Landlords know that most tenants are unaware of their rights and are unwilling to pursue legal action.
What resources are available for tenants facing rental deposit issues?
Tenants can seek help from tenant's associations, legal aid organizations, and file complaints with the local consumer protection agency or housing authority for assistance.
Related News Articles
GST Council to Discuss Key Issues: Rate Rationalisation, Insurance Tax, and More
The GST Council meeting will focus on proposals aimed at rationalising the current GST structure, including the tax on life and health insurance policies, and discuss other key issues.
Vincent D'Silva Appointed to Goa RERA Following High Court Directive
The State government has appointed retired district judge Vincent D'Silva as a member of the Goa Real Estate Regulatory Authority (RERA), replacing retired district judge Cholu Gauns. This change was made following directives from the High Court of Bombay
NAREDCO Maharashtra NextGen Hosts Excelerate 3.0: Insights and Solutions for Mumbai’s Real Estate Market
The event brought together real estate experts to discuss the current landscape, future trends, and strategies to address affordability challenges in Greater Mumbai. The research report, ‘The Reality of Mumbai Realty,’ provides key insights into pricing t
GSTAT Faces Delays: Member Appointments and Office Locations Lagging
The formation of the Goods and Services Tax Appellate Tribunal (GSTAT) has hit several roadblocks. One of the major challenges is the real estate allocation, with only half of the required office locations identified. The delays in appointing members are
MahaRERA to Host Monthly Open Houses in Nagpur and Pune for Project Registration
To assist developers in the Nagpur and Pune regions in registering their housing projects, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has announced the establishment of monthly open houses. This initiative aims to streamline the registrat
BlackRock Acquires 1.65 lakh sq ft Office Space in Mumbai's Goregaon for GCC
BlackRock has made a significant move by acquiring 1.65 lakh square feet of office space in Mumbai's Goregaon. This strategic acquisition is aimed at setting up its Global Client Center (GCC).