Bengaluru’s rental deposits too high, says entrepreneur who compared HSR Layout with San Francisco’s Hayes Valley
Hindustan TimesIndian-origin entrepreneur Hardeep Gambhir, who moved to Bengaluru following a seven-year stint in San Francisco, California, recently made headlines when he drew parallels between the two cities on X and complained about ‘ridiculous’ security deposits sought for rental accommodation in the IT capital. Bengaluru’s rental deposits are too high, says US-returned techie who compared HSR Layout with San Francisco’s Hayes Valley Even though Gambhir’s monthly expenditure has plummeted to $900 in Bengaluru, from $2,500 in San Francisco, the techie complained about enormous security deposits sought for rental accommodation in the garden city. Gambhir also compared Bengaluru’s HSR Layout to San Francisco’s Hayes Valley. Meanwhile average monthly rental values for a fully furnished 1 BHK in HSR currently ranges close to ₹30,000, 4% higher than last year, as per NoBroker.
History of this topic
Bengaluru real estate: Landlords start compromising on rents as city sees new supply, more rental options
Hindustan Times
Man compares Bengaluru to San Francisco in viral post: ’HSR layout is like Hayes Valley...’
Live Mint
‘People are sleeping on Bangalore like crazy’: Entrepreneur compares city to San Francisco
Hindustan Times
Entrepreneur returns to India after 7 years, shares perks of living in Bengaluru over San Francisco
Hindustan Times
Shapoorji Pallonji Real Estate eyes ₹500 cr revenue from new project in B'luru
Hindustan Times
Why North Bengaluru is booming
The HinduDiscover Related
