Bengaluru Landlord Faces Rs 5 Lakh Loss Due to Overpriced 3BHK Rent Ask

• A Bengaluru landlord reportedly lost over Rs 5 lakh in potential rental income by overpricing a 3BHK flat in Whitefield.
• The landlord initially demanded Rs 25,000 per room, totaling Rs 75,000 for the 3BHK, exceeding the local average of Rs 20,000 per room.
• Two bedrooms remained vacant for nearly a year, leading to an estimated Rs 4.8 lakh in missed income.
• The landlord has since reduced the asking rent to Rs 18,000 per room, but no new agreements have been finalized.
• Tenants now have greater bargaining power as the rental market shifts from the 2022 peak mindset.