Latest news with #CalebFriesen
NDTV
8 hours ago
- Business
- NDTV
"Rs 19 Lakh Security Deposit": Canadian Man Stunned By Bengaluru's Rental Norms, Calls It "Bonkers"
Needless to say, housing in Bengaluru is extremely expensive, and finding a decent place to rent or buy can be a real challenge. Recently, a Canadian man living in India sparked a discussion online after expressing shock over the city's rental norms, particularly the requirement of high security deposits. Taking to X, Caleb Friesen shared a screenshot of a property listing for a 3BHK apartment in the city's upscale Diamond District in Domlur. The rent? Rs 1.75 lakh a month. But it was the security deposit, a staggering Rs 19.25 lakh, that left him baffled. "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," he wrote while sharing the picture of the property listing. Take a look below: 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 — Caleb (@caleb_friesen2) June 28, 2025 The post has gone viral on X, garnering more than 43,000 views. It has sparked a discussion about Bengaluru real estate and rental prices. "I'd say that you should be prepared to get your hopes quashed with your requirement. House renting is a mafia in this city," wrote one user. "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!" commented another. "I was thinking about moving to Bangalore after I left Chennai. But, after 1st round of interview with that office in based in Bangalore I checked properties around. All of them have sequrity diposit more than my salary. So, dropped idea of moving to Bangalore," shared a third user. "So landlords are demanding a literal kidney's worth of money for deposit. What a joke!!" expressed another. "Actually he is being nice here. It's 10 times the rent in Bangalore. Which is 21 lacs. Crazy!" one user wrote. The post also prompted some hilarious responses. "Don't buy a Thar. That's for special folks only," quipped one user. "Negotiable rent and non-negotiable deposit!" Jokingly said another.
Economic Times
10 hours ago
- Business
- Economic Times
Rs 19 lakh to rent a flat? Canadian in Bengaluru shocked by deposit demand, says he'd rather buy Thar; Netizens react with jokes and advice
A Canadian man in India ignited a social media frenzy after sharing a Bengaluru flat listing with a staggering Rs 19.25 lakh security deposit. This exorbitant amount, exceeding the cost of a new car, sparked jokes, advice, and disbelief among X users. Many offered alternative locations and practical tips to navigate the city's challenging rental market. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads X users react: Jokes, advice, and real estate realities Practical suggestions pour in A Canadian citizen living in India has sparked a fun and furious online debate after posting about the sky-high rental deposit demanded for a flat in Bengaluru. Caleb Friesen took to social media platform X (formerly Twitter) to share a listing for a 3BHK flat in Diamond District, Domlur, and it's not the rent that stunned people, it was the Rs 19.25 lakh monthly rent was already a hefty Rs 1.75 lakh, but the security deposit left people gobsmacked. Caleb wrote:'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 80,000 to 1 lakh.'The post went viral, quickly gaining over 18,000 views and opening the floodgates to all kinds of user joked, 'Don't buy a Thar. That's for special folks only,' while another wrote, 'Negotiable rent and non-negotiable deposit! Classic Bengaluru.'Some came forward with solutions too. A fellow resident offered, 'Looking for a flatmate in my 2BHK, no deposit needed, just feature our startup in your videos.'Another person made a serious point: 'You could buy a flat in Kolkata for that much!' To which Caleb replied, 'Lol, yeah same in Aizawl where I'm currently living. Crazy.'While some poked fun, others were more practical. One user advised Caleb to try Mahadevapura, a nearby area known for more reasonable rents. Another chimed in, 'Better to meet local brokers, online searches don't always show the real options.'A common theme was disbelief. 'Damn! That's too huge,' one user wrote, summing up the general mood.
Time of India
11 hours ago
- Business
- Time of India
Rs 19 lakh to rent a flat? Canadian in Bengaluru shocked by deposit demand, says he'd rather buy Thar; Netizens react with jokes and advice
A Canadian citizen living in India has sparked a fun and furious online debate after posting about the sky-high rental deposit demanded for a flat in Bengaluru. Caleb Friesen took to social media platform X (formerly Twitter) to share a listing for a 3BHK flat in Diamond District, Domlur, and it's not the rent that stunned people, it was the Rs 19.25 lakh deposit. The monthly rent was already a hefty Rs 1.75 lakh, but the security deposit left people gobsmacked. Caleb wrote: by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo '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 80,000 to 1 lakh.' X users react: Jokes, advice, and real estate realities The post went viral, quickly gaining over 18,000 views and opening the floodgates to all kinds of responses. Live Events One user joked, 'Don't buy a Thar. That's for special folks only,' while another wrote, 'Negotiable rent and non-negotiable deposit! Classic Bengaluru.' Some came forward with solutions too. A fellow resident offered, 'Looking for a flatmate in my 2BHK, no deposit needed, just feature our startup in your videos.' Another person made a serious point: 'You could buy a flat in Kolkata for that much!' To which Caleb replied, 'Lol, yeah same in Aizawl where I'm currently living. Crazy.' Practical suggestions pour in While some poked fun, others were more practical. One user advised Caleb to try Mahadevapura, a nearby area known for more reasonable rents. Another chimed in, 'Better to meet local brokers, online searches don't always show the real options.' A common theme was disbelief. 'Damn! That's too huge,' one user wrote, summing up the general mood.
Hindustan Times
12 hours ago
- Business
- Hindustan Times
Canadian man stunned by ₹19 lakh deposit demand for Bengaluru 3BHK: ‘Absolutely bonkers'
A Canadian national currently based in India has stirred a lively online discussion after highlighting the staggering security deposit required for a Bengaluru rental. Caleb Friesen took to social media platform X (formerly Twitter) to share a property listing for a 3BHK apartment in the city's upscale Diamond District in Domlur. The rent? A steep ₹ 1.75 lakh per month. But it was the security deposit— ₹ 19.25 lakh—that truly raised eyebrows. A Canadian's post on Bengaluru rent deposit of ₹ 19.25 lakh went viral.(Instagram/caleb_friesen) (Also read: Canadian man explains why he chose to move to Bengaluru: 'I wanted to become tougher') Friesen's post read: '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.' Check out the tweet here: The tweet has since gone viral, amassing nearly 18,000 views and prompting a wave of responses—ranging from helpful to hilarious. Online reactions: From satire to serious suggestions One user quipped, 'Don't buy a Thar. That's for special folks only,' while another joked about the pricing logic saying, 'Negotiable rent and non-negotiable deposit!' Offering a possible solution, someone commented, 'I'm looking for a flatmate at my 2BHK flat. You don't need to pay anything, only condition is you feature our side project we're building in your videos.' (Also read: 'This is the reality of Canada': Indian woman shares video of massive job fair queues for just 5 positions) Some pointed out the regional rental disparity. 'You can buy a brand new [apartment] for that much in Kolkata and other tier-2 cities,' a user wrote. To this, Friesen replied, 'Lol, yeah same in Aizawl where I'm currently living, crazy.' Others suggested a more practical approach. 'Come to Mahadevapura. Indiranagar is extremely costly,' one person noted. Another advised, 'Better to meet local brokers, they can actually help you directly. Searching online isn't always a good option for something like this.' Another summed up the collective shock with a simple: 'Damn! That's too huge.'
Indian Express
3 days ago
- Indian Express
Canadian influencer visits Bengaluru hacker's house, meets Indian techies developing AI tools: ‘Bright young minds'
Artificial Intelligence (AI) is one of the most discussed topics on social media, with several companies introducing the technology to their workplaces and urging employees to acquire new skills. From healthcare to transportation to education, AI is growing rapidly in every sector. Recently, a Canadian tech influencer, Caleb Friesen, discovered a hacker's house where a group of young techies were found building several AI tools. The now-viral video shows Friesen entering the house, with a Steve Jobs poster on the main door. He is then greeted at the door by a young man. As the house tour begins, the host introduces each member of the group, highlighting their contributions. From developing AI agents for real estate businesses to creating content for Shark Tank India and building assistive robots, the house is full of professionals with innovations. Dubbed 'builder house,' the youngest member there is a 16-year-old boy from Chennai who builds assistive robots. Two of them, co-founders of a company, are seen building a payment stack for AI. Sharing the video on Instagram, Friesen wrote, 'POV inside a Bengaluru hacker house where Indian founders are building AI, hardware, and magic.' Watch here: A post shared by Caleb Friesen (@caleb_friesen) The video broke the Internet, amassing nearly two million views and prompting numerous social media users to hail the techies. 'All my life I coded and always wanted to be in such a group, unfortunate enough never got a group. I envy you guys, but please build something great for mankind,' a user wrote. 'It's like that place from Silicon Valley. Where they made that compression model,' another user commented. 'He turned in old banglaw in to mini software company. I hope they bring out their products to market and help the humanity soon,' a third user reacted. 'The India that everyone wants to see & belive in,' a fourth user said.
