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RE:misleading article
by Ashish Jain on May 01, 2007 01:23 AM

the author of article seems to be from Bangalore ;)

It happens in Bangalore: rents are very high even for not-so-costly property and property owner takes a security deposit equal to 10 months rent 1 month advance.

So you need to throw 11 months money at property owner (most of time... too greedy) before you move in.

So many times, these property owners are not willing to give your money back when you leave the house.

A lot of people come to Banglore to work for short term, they have no other option than getting exploited.

With so much of advance already given and high rent, they expect an increase of 10% after 11 months...

What do you say?

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Buy a house or stay on rent?