Bengaluru rent plight: Demand for enhanced policy lost in Karnataka poll battle brouhaha
Karnataka's citizens will queue up at poll booths tomorrow to elect the next government in the southern state. While the political parties have offered freebies ranging from gas cylinders to food grains, affordable housing and real estate pricing policies remain a worry, particularly for those in Bengaluru. Calls for the adoption of The Model Tenancy Act in the poll-bound Karnataka state have seen a marked increase. Key Points
Economic Timesrents double in Bengaluru as engineers fight for flats
Bengaluru, the capital of Karnataka state is home to over 1.5 million workers including those for global firms like Alphabet Inc.’s Google, Amazon.com Inc., Goldman Sachs Group Inc. and Accenture Inc. Key Points
mintU.S. consumer price gains slow; underlying inflation still hot
U.S. consumer prices barely rose in March as the cost of gasoline declined, but stubbornly high rents kept underlying inflation pressures simmering, likely ensuring that the Federal Reserve will raise interest rates again next month. Key Points
The HinduPortugal ends golden visas, curtails Airbnb rentals to address housing crisis
Portugal will end its golden visa programme, which offers residency rights to non-EU nationals in return for investments including in real estate and has been criticised for boosting house prices and rents. Successful applicants can apply to obtain a passport after 5 years. | Travel Key Points
Hindustan TimesBengaluru house and PG rentals skyrocket, techies and students feel the pinch
There is a high demand for rental houses and paying-guest accommodation in Bangalore. With techies returning to the city with the Covid-19 pandemic subsiding, rentals are said to have increased by a minimum of 25%. This year too, house rents are likely to go up by 7-12%, say realtors. Key Points
India Today
In Bengaluru, landlords call the shots as techies fight for flats
Bengaluru, the capital of Karnataka, is home to over 1.5 million workers including those for global firms. Key Points
Hindustan Times