‘Modern exploitation’: the original founder of Bengali housing traps are non-indigenous
Benguru is celebrated as the pioneer of Indian tech, but hide a grittier reality for those who want to call it home. Behind the booms and success, it is the housing market that is often exploited by tenants leaving their position and capacity.
Shranvan tkko, founder of Adrank Systems, recently shared the plight of a couple who rented a 2bhk apartment for 55,000 per month. When they pay their rent in full, they check with the landlord when maintenance issues arise.
“It’s your own headache, because you were forced to spend ₹ 1 lakh out of pocket to settle property issues,” the medium’s message said.
When the couple decides to leave, they scream. Landlord ₹75 lakh deposit, citing maintenance costs. Even offering a reduction of one month’s rent received a silent and arrogant response: “Do everything you can, but that’s it.” Legally loaded, they had to leave empty handed.
This phenomenon, as pointed out by Tekken, is rare. In Bengaru, especially to the native residents, the rent collection is often the priority of the tenant’s concerns.
For many, the City of Dreams has become an interesting lesson in tenant vulnerability.
Other startup founders have faced similar obstacles. The applications are endless, from landlords to renters, from profiles that are defined to evict low-cost houses from landlords to resisting tenants. As entrepreneurs are trying to overcome these hurdles in Bengaluru, trying to navigate the city’s housing market can be as challenging as building a business.
Tiki’s advice is clear: choose people and agreements wisely, or risk dreams changing in unexpected ways.