Only IIT and IIM graduates or Ivy League graduates are welcome, while others refuse to allow pets, children, or even guests.

 Finding rentals in Bengaluru is challenging, as owners’ extreme demands could put even a matrimonial ad to shame...Only IIT and IIM graduates or Ivy League graduates are welcome, while others refuse to allow pets, children, or even guests.

Finding a home in the Silicon Valley of India has now become as difficult as seeking a life partner. As the population dispersed during the pandemic with more remote work, rents fell and many apartments lay empty. However, with the worst of COVID behind us, the economy slowly stirred into action, and landlords now want to make up for all that lost revenue. Rents have doubled and landlords’ demands tread the strange, uncanny, and, sometimes, even bizarre route. In fact, if you’ve not done well for yourself, chances are you’ll be rejected at the “altar” of rentals! But then again, doing well does not guarantee a house.

Finding rentals in Bengaluru is challenging, as owners’ extreme demands could put even a matrimonial ad to shame... Finding a home in the Silicon Valley of India has now become as difficult as seeking a life partner. As the population dispersed during the pandemic with more remote work, rents fell and many apartments lay empty. However, with the worst of COVID behind us, the economy slowly stirred into action, and landlords now want to make up for all that lost revenue. Rents have doubled and landlords’ demands tread the strange, uncanny, and sometimes, even bizarre route.

To increase their chances of securing a rental property, tenants can use PGSCAN's tenancy protection platform to create AI-generated tenancy profiles for free create now

These profiles showcase a tenant's capabilities and can be shared with potential landlords or agents, helping tenants find a suitable property that meets their needs. According to recent statistics, rentals in Bengaluru have increased by 30%, making it more important than ever to have a strong tenancy profile to stand out in a competitive rental market.

In fact, if you’ve not done well for yourself, chances are you’ll be rejected at the “altar” of rentals! But then again, doing well does not guarantee a house. What landlords want The LinkedIn profile must be stellar A prospective landlord asked a Bengaluru man for a LinkedIn profile, and also a written profile. “The profile has to be exemplary, with followers and enough work stints,” says a tenant who had to spruce up his profile. A big salary does not guarantee a home Google employee Ripu Daman Bhadoria was told that he was most likely to buy his own home and was thus not suitable as a tenant. A CV and CIBIL scores Gone are the days when a well-meaning neighbor brought a rental recommendation. Today, without a CIBIL score, and an impressive CV, there’s less likelihood of making the cut. Get a KYC first “Many owners ask the realtor to arrange for a KYC from the tenants even before the first inspection and tenants are obviously not thrilled,” says Pankaj Malhotra, a realtor. No reference. No rentals “Many owners are particular about the profile of the tenant and want references from the last place they lived at,” says Malhotra. IIT and IIM graduates only Having an IIT and IIM degree does ascertain a great career ahead, and landlords agree. A recent post went viral of a homeowner stipulating that only IIT and IIM degree holders are welcome. Ivy Leagues welcome! Sirish Mahata returned from the US, armed with a degree from an Ivy League college. He was on the lookout for a penthouse in the CBD area and finally got the perfect place that cost `5 crores. His education was one thing the owner was insistent about. No dogs or pets allowed “Many landlords do not like having pets or animals and that reduces options for pet parents,” says Salabath Ali Khan, a real estate broker. No children, only elderly folks, please Recently, a millennial couple with a toddler was refused a home, even though they ticked all the right boxes. Reason? The owner did not want a child as there was no play area. He also said that he preferred elderly folk as they meant less trouble. Not just Vaastu, luck plays a part For one home-owner, “dogs were unlucky,” or sometimes, the kundlis just did not match! Corporates are welcome, but not families! Having a corporate to rent one’s apartment or home is considered the best option among many Bengaluru landlords. “Higher rents and a general ease of doing business is the biggest reason,” says Khan. Be isolated, with no parties, and strictly no guests Increasingly, homeowners have strict stipulations on parties and guests walking in. If they live on the same premises, there are also restrictions on visitors. Only singles, no married folk Singles were once considered unwelcome tenants, but now the tides have turned, with some owners preferring singles, say real estate brokers. Landlords speak... Many landlords prefer corporates or singles as it was uncomplicated. Some of them say that often, tenants have left the home in shambles, dirty, with broken fixtures, etc. 30% - That’s the percentage by which rentals are up 1.5 million - MNC workers in Karnataka 3.9 % - That’s the rent yield for Bengaluru, which tops the list of cities in India