Hindustan Times-Bengaluru rentals stay high as landlords capitalize on return-to-office demand, but tenants remain wary
A Bengaluru landlord's refusal to lower the ₹23,000 rent for a room in a 3BHK near Whitefield recently backfired, leaving the property vacant for five months and causing a loss of over ₹1 lakh. While real estate brokers acknowledge that this may be an isolated incident, many landlords in Bengaluru are increasingly rigid on rental prices to maximize their income post-pandemic and cash in on the increased demand as employees return to the office.
Experts advise that landlords need to be more attuned to current market conditions. With job market uncertainty and layoffs impacting disposable incomes, tenants are becoming more cautious about their rental expenses.
