Bengaluru, celebrated for a long time as the cradle of technological innovation in India, hides a greater reality for those who seek to call it at home. Behind the startup glamor and success is a housing market often affected by the exploitation, leaving the tenants cornered and helpless.
Shravan Tickoo, a founder of Rethink Systems, recently shared the situation of a couple who rented a 2bhk apartment to 55,000 ₹ per month. Despite paying for their rent timely, they faced the owner’s abandonment when maintenance problems arose.
“It’s your headache to solve -” was the message transmitted through intermediaries, forcing the couple to spend more than 1 ₹ Lakh outside their pocket to solve property problems.
Calvary climbed when the couple decided to evict it. Its owner directly refused to return his $ 1.75 deposit, citing “maintenance costs”. Even his attempt to negotiate – to propose the deduction of a one -month rent – he encountered silent and an arrogant response: “Do what you can, but that’s what it is.” Without legal resource, they had to leave their hands empty.
This incident, as Tickoo emphasized, is not far from rare. The owners of Bengaluru, especially for non -native residents, often operate with impunity, prioritizing rental ascents on the concerns of tenants.
For many, the City of Dreams has become a lesson excelled in the vulnerability of the tenants.
Other startup founders have faced similar obstacles. From owners who reject tenants based on Linkedin profiles to exorbitant rents for modest homes, challenges seem endless. For businessmen trying to cut a way to Bengaluru, these obstacles are a reminder: sailing the city’s housing market can be as difficult as building a business.
Tickoo’s tips are clear: Choose people and agreements with caution or risk -you see dreams unveil unexpectedly.