
Marketing professional Shantanu Jain spent over Rs 3.3 lakh to move from Gurgaon to Bengaluru, according to a video he posted on Instagram. The biggest expense was a Rs 2.5 lakh security…
Marketing professional Shantanu Jain spent over Rs 3.3 lakh to move from Gurgaon to Bengaluru, according to a video he posted on Instagram. The biggest expense was a Rs 2.5 lakh security deposit for a Rs 40,000 monthly rent on a two-bedroom apartment in an upscale society. He also paid Rs 40,000 brokerage, Rs 21,000 for a washing machine, Rs 5,700 on repairs, and Rs 2,100 for WiFi installation.
Jain said his company covered packers and movers costs. He described Bengaluru's multiple-month security deposit as unusual compared to other cities. Social media users called the experience relatable. Hindustan Times has not independently verified the claims.
The Rs 2.5 lakh deposit is the real story, not the video. Bengaluru landlords demand 10 months' rent as deposit while other cities ask 2-3 months. The Karnataka government's rental housing policy stays on paper. Watch if the state brings in a deposit cap legislation, or if this becomes a voter issue in the next assembly election.
Source: hindustantimes.com
This story was synthesised by AI from the source linked above.