The poster read, “Left Kidney on Sale, need money to fund the security deposit amount landlords are asking for.”

The poster further read, “Just Kidding, need a house in Indiranagar.”

Though the person who pasted the banner across the city, claimed he was kidding, but he managed to bringforth the reality of the realty sector.

The tweet generated some funny responses, but at the same time, it also generated, responses that will make you realise how, difficult it is to rent a house in these urban cities.

In a city like Mumbai, one has to pay a security deposit equivalent to the rent of the three months.

This deposit is normally collected by landlords as a refundable security deposit, wherein they can deduct money if there’s any default from the tenant.

This secuirty deposit is refunded by the landlord once the period of agreement gets over and the tenants vacates the home. There is no interest paid by the landlord on the security deposit.

Also Read: FUND CITY by NAREDCO at Finance Conclave to Bolster Real Estate Investment

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