A recent news report talked about the custodian of an apartment complex in Kundalahalli making a “one month rent free’ offer” to attract prospective tenants. In a city where home-owners demand deposits at least three times higher than in other Metros, the Kundalahalli offer -- even if sceptics see it as a marketing gimmick -- is a big climb-down for house owners. The advertisement is, in fact, reflective of Bengaluru's current market slump in home rentals. Realtors and home owners are unable to find tenants, owing to a reverse migration of the working population to their home towns, cities and…
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