amitsingh08

Hi all

I need advice. I'm about to rent a flat in Mumbai - the package is 30K.

Along with monthly rent, Mumbai landlords require a deposit which is returned when tenant leaves.

Typically the 30K would breakup as 27K rent and 3L deposit.

1L in deposit is considered as 1K interest income every month.

But my landlord says he needs money and is requesting 20L deposit and 10K rent. The 20L deposit would yield 20K interest income every month.

Surprised and dont know how to respond. Any advice?

I can arrange for 20L deposit. But is this risky proposition?