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  • Moneycontrol

MC Explains: How high demand, layoffs are pushing landlords to screen prospective tenants in Bengalu

Growing up, Indian parents have always encouraged their children to pursue higher studies for a thriving career ahead.

In a strange turn of events, the fallout of succeeding or failing at this effort is playing out for prospective tenants in Bengaluru.

After having increased rents by up to 50 percent in the recent past, landlords in Bengaluru are now letting out their properties on rent only to select tenants who have strong academic backgrounds, and well-paying jobs.

"Kids, make sure you study well or you won’t get an apartment for rent in Bangalore in the future," tweeted Amit Gupta, an entrepreneur.

Read more at Moneycontrol

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