Bengaluru tenants witness up to 45% rent surge, even in areas once considered dormitory suburbs

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In December 2021, Anwesha Ray, an IT professional, moved to a 1BHK apartment in Munnekolala, once a sleepy village north of Bengaluru that has since been subsumed into the metropolis, at an agreed rent of Rs 11,000 per month. Ray claims the landlord increased the rent to Rs 13,000 in March and then again to Rs 16,000 in October 2022—a whopping 45 percent hike in less than a year.

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