Tenant Reveals True Cost of Renting in Gurgaon: ₹3.52 Lakh
Tenant says ‘actual cost of finding a flat in Gurgaon was ₹3,52,000’, explains why
Hindustan Times
Image: Hindustan Times
A former corporate professional tracked the total expenses incurred while searching for a 2BHK apartment in Gurgaon, revealing a staggering cost of ₹3.52 lakh before even moving in. This figure includes brokerage fees, transportation, and lost deposits, highlighting the hidden costs of renting in India's Tier-1 cities.
- 01Total cost of finding a flat in Gurgaon reached ₹3.52 lakh.
- 02Breakdown includes ₹45,000 in brokerage fees and ₹4,200 on transportation.
- 03The tenant lost ₹10,000 in token money and incurred additional costs for food and phone usage.
- 04The search involved contacting over 15 brokers, with many listings outdated or already rented.
- 05The experience was both financially and mentally exhausting for the tenant.
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A former corporate professional recently shared their experience of searching for a 2BHK apartment in Gurgaon, revealing that the total cost amounted to ₹3.52 lakh (roughly $4,200 USD) before even moving in. The breakdown of expenses included ₹45,000 in brokerage fees, ₹4,200 spent on Uber rides for property visits, and ₹3,100 on food during the search. Additionally, the individual lost ₹10,000 in token money and took three paid time off (PTO) days, costing them another ₹20,000. The tenant expressed frustration over the inefficiency of brokers, stating that many had not visited the properties they were promoting, and a significant number of listings were outdated or already rented. This experience highlights the often-overlooked costs and challenges associated with renting in Tier-1 cities in India.
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This situation underscores the significant financial burden renters face in Tier-1 cities like Gurgaon, affecting their overall budget and mental well-being.
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