Bangalore, long celebrated as the cradle of technological innovation in India, hides a more cruel reality for those who seek to settle there. Behind the glamor of startups and success hides a real estate market often plagued by operations, leaving the tenants trapped and helpless.
Shravan Tickoo, founder of Rethink Systems, recently shared the fate of a couple who rented an apartment of 2 BHK at 55,000 ₹ per month. Even if they paid their rent in time, they faced total negligence on the part of their owner when maintenance problems occurred.
“It is a puzzle to solve this problem,” was the message relayed by intermediaries, forcing the couple to spend more than a million ₹ of their pocket to solve property problems.
The event worsened when the couple decided to leave. Their owner categorically refused to restore their deposit of 1.75 Lakh ₹, invoking “maintenance costs”. Even their attempted negotiation – offering the deduction of a month’s rent – has encountered and an arrogant response: “Do what you can, but that’s how it is. Without any legal recourse, they had to start empty -handed.
This incident, as Tickoo points out, is far from rare. The owners of Bengaluru, in particular those of non -Aboriginal residents, often operate with impunity, favoring the increases in rent to the concerns of tenants.
For many, the dream city has become a sad lesson on the vulnerability of tenants.
Other starters of startups have been faced with similar obstacles. Owners refusing tenants on the basis of LinkedIn profiles to exorbitant rents for modest housing, the challenges seem endless. For entrepreneurs who try to make their way to Bangalore, these obstacles are a brutal reminder: navigating the city’s real estate market can be as difficult as creating a business itself.
Tickoo’s advice is clear: judiciously choose people and agreements, otherwise you may see your dreams take place unexpectedly.
