‘Absolutely bonkers': Canadian influencer shocked after Bengaluru landlord asks Rs 19 lakh deposit for 3 BHK
Bengaluru, also known as the Silicon Valley of India, is notorious for its exorbitant rents. Recently, Canadian tech influencer Caleb Friesen shared his shock on X after a property listing for a 3 BHK apartment required him to pay a Rs 19 lakh deposit.
Friesen has lived in India for eight years. The listing for a 3 BHK apartment in the upscale Diamond District, Domlur, showed a monthly rent of Rs 1.75 lakh. But what stunned him was the security deposit of Rs 19.25 lakh.
'Rs 19 lakh for security deposit! Absolutely bonkers what landlords are expecting these days,' Friesen wrote in his now-viral post. 'I could literally buy a new Mahindra Thar for less than this deposit. anyone know of a place in/around Indiranagar with 2-3 months deposit only? rent price range Rs. 80 to 1 lakh,' he wrote on X.
See the post here:
Rs. 19 lakh for security deposit!
absolutely bonkers what landlords are expecting these days, I could literally buy a new Mahindra Thar for less than this deposit
anyone know of a place in/around Indiranagar with 2-3 months deposit only? rent price range Rs. 80 to 1 lakh pic.twitter.com/jGDfLC3eN0
— Caleb (@caleb_friesen2) June 28, 2025
The post resonated with several social media users facing similar housing woes in urban India. Reacting to it, a user wrote, 'You can buy a brand new one for that much in Kolkata and other tier 2 cities,' a user wrote. 'This is why some finfluencers say that buying houses is a waste of money. According to them paying high amounts as interest free security deposit is better than paying EMIs!' another user commented.
'I'd say that you should be prepared to get your hopes quashed with your requirement. House renting is a mafia in this city,' a third user reacted.
Friesen left Canada and moved to India in his early 20s as he believed growth is 'unavoidable' in the country. In a post on Instagram, he shared that he lived in Aizawl, Mizoram, for several years and then decided to move to Bengaluru.
Watch here:
A post shared by Caleb Friesen (@caleb_friesen)
'When you commit, growth can happen — even without action,' he says in the video.
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