Bengaluru: Coronavirus scare - Many 'to let' houses have no takers


Daijiworld Media Network - Bengaluru (SP)

Bengaluru, Aug 7: On account of the increasing incidence of coronavirus infection and permission given to employees to work from homes, a large number of people have vacated their houses in the city. It has become a common scene to come across 'to let' boards in front of houses and stalls in almost all the areas in the city.

The city has over 15 lac buildings of which over 10 lac are residential. As per an estimate, over 50,000 houses are now lying vacant in the city. Even though house owners are ready to bring down the rent and the advance amount by 10 per cent, people are not showing interest it is learnt.


Representational image

In the past, summer holiday was the season when large scale movement of families happened and houses were vacated. But now, many have left their houses out of fear of maintaining families when work is scarce and business is dull. Children at the same time, have no school. This time, owners of small hotels, stalls, chat stalls etc have also vacated houses and returned to their native places.

Linga Shetty, who owns a house in Girinagar, said that his house has been vacant since the last four months and because of corona fear, no one has come forward seeking to occupy it, even though the ' to let' board has been hung. He said even though he offered to bring down the rent and advance amount, he has not got a tenant. A real estate agent, Krishnappa, concurred. He added that because of the employment problem and an uncertain future, many have migrated to their hometowns. Many hope that things will improve once the corona issue is permanently addressed.

 

  

Comment on this article

  • J.F D SOUZA, Attavar, Mangalore

    Sun, Aug 9 2020

    Since peole have no enough money how can they come to come and occupy the houses on rental basis

    DisAgree Agree [1] Reply Report Abuse

  • Save my India, India.

    Sat, Aug 8 2020

    These greedy apartment owners should stop asking for deposits, high rents, serve meals to tenants, then the scene will change.
    Telling people not to eat non-veg food is height of stupidity !!!
    Hard working migrant work force were paying a high price to live and work in Bangalore for long from what I have seen.
    Greed has destroyed entire real estate business, and will continue to be so.
    Jai Hind!!!

    DisAgree [2] Agree [6] Reply Report Abuse

  • Arthur, Mangalore

    Sat, Aug 8 2020

    Has the coronavirus scare affected housing prices in Bangalore? It is useful information for property buyers.

    DisAgree [1] Agree [5] Reply Report Abuse

  • H. Almeida., Bendur/Andheri

    Sat, Aug 8 2020

    Bro, the effects of Covid19 pandemic has had a cascading effects on all aspects of life in Mumbai... This is also relevant in other cities... Real estate is the worst effected !!!! This is the right time, to invest, as Builders have considerably cut down prices, also they are offering freebies, with every deal !!!!

    DisAgree [1] Agree Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Sat, Aug 8 2020

    VEG ONLY is Hilarious ...

    DisAgree [2] Agree [12] Reply Report Abuse

  • suhail, Mangalore

    Fri, Aug 7 2020

    Bangalore Landlords has been cursed .... for looting poor hard working tenants in the past... no regret at all for this criminals landlords

    DisAgree Agree [9] Reply Report Abuse

  • Aneeta, Bangalore

    Fri, Aug 7 2020

    Corona has taught good lesson to greedy people in Bangalore . Still people are trying to loot one or the other way.

    DisAgree Agree [9] Reply Report Abuse

  • Philip, Mangalore

    Fri, Aug 7 2020

    Saas bhi kabhi bahu thi.

    DisAgree Agree [6] Reply Report Abuse

  • Indian, Bangalore /mlore

    Fri, Aug 7 2020

    Though ppl are leaving the houses and going.
    These greedy ppl are not bringing the rents down so too the advances.
    Before very rarely ppl were willing to give for lease now so many houses are placed with lease boards on the gate.
    But that also not within the reach minimum starting from ₹5k and above.
    With less amenities.
    Owners eat money like anything in blore.
    These greedy ppl for money should come to know the pain of the tenants then only they will understand.

    DisAgree [1] Agree [8] Reply Report Abuse

  • H. Almeida., Bendur/Andheri

    Fri, Aug 7 2020

    Covid19 pandemic has taken a heavy toll, on real estate.. Residential and commercial stocks, have crashed !!! Builders are moaning and lamenting, Likewise investors, are fearful... Prices have plummeted by more then 30 % spreading anxiety.. Those having liquid currency are now investing in Gold jewellery. Further expatriates arriving are back to an uncertain future. This will trigger more panic, in the construction sector !!

    DisAgree [1] Agree [8] Reply Report Abuse

  • Aaron Dsouza, Kinnigoli/Mnangalore

    Fri, Aug 7 2020

    Few years back, when I had shifted to bangalore, for my job, I was asked to pay hefty amount of advance and a rent. I was just astonished by the amount, different owners had demanded. Now, this disease should be an eye opener for those same greedy owners. Why is it that they can charge lesser rents now ?

    DisAgree [3] Agree [42] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Fri, Aug 7 2020

    Acche Din have finally Arrived ...

    DisAgree [21] Agree [30] Reply Report Abuse

  • Kiran Poojary, Bengaluru/Mangaluru

    Fri, Aug 7 2020

    After few days they will remove VEG ONLY in board also :-L

    DisAgree [5] Agree [64] Reply Report Abuse

  • Pasha, Karnataka

    Sat, Aug 8 2020

    After a few days they will serve free breakfast too..

    DisAgree Agree [4] Reply Report Abuse

  • Sunil Pinto, Dubai/ Udupi

    Sat, Aug 8 2020

    Lol. ..witty comment.

    DisAgree Agree [3] Reply Report Abuse


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Title : Bengaluru: Coronavirus scare - Many 'to let' houses have no takers


 
 
 
 

 
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