“We recently audited our monthly expenses and realized a hilarious structural glitch: The privates sector pays us a salary that seems beautifully preserved from 20 years ago. Meanwhile, independent house owners are holding a calculator and demanding rents that are living 20 years straight into the future,” the OP wrote. It’s a wonderful, nostalgic throwback to the days of early IT hubs.
“It’s an incredible economic time machine,” he wrote, adding that companies compensate employees “like it’s the past”, landlords charge “like it’s the future”, while municipal infrastructure is still operating on “basic legacy software from the 90s”. (Also Read: Woman pays ₹ 2.2 lakh security for ₹ 52,000 rented Bengaluru house: ‘Balcony gets so much sunlight’ )
“This is exactly why people negotiating with bangalore companies need to explicitly state that working from bangalore will need another 20% salary extra. Else, that you will work from tier 2 cities. The post drew several reactions from social media users, who shared similar complaints about Bengaluru’s rental market. Reacting to the post, one user wrote, “Don’t forget the definition of 1BHK, 1RK by these Landlords and broker….A small granite slab in one corner is termed as kitchen here. They’ll ask you 1month rent for painting and stuff. But none of them have given me freshly painted flat till date while renting…..the faaking hypocrisy. “Agreed…. Bangalore needs a rent check at this point, once people and companies start shifting away from Bangalore they’ll understand the implications and it’s high time this happens,” commented another. Large firms have started doing this and give this as an option to people who ask. I personally know that firms have setup offices in places like Nagpur, Bhubhaneshwar, Coimbatore, etc EXACTLY for this reason,” wrote a third user. HT.com has not independently verified the claims and does not endorse them.)
“The yearly rental increment has become more than the salary increment,” said another. (Disclaimer: This report is based on user-generated content from social media.
