India’s rental market is facing a crisis as PGs reportedly demand ₹1 lakh deposits and rents surged 15% in six months. Bengaluru’s 2-BHK rents reached ₹38,000 (22% rise), while Mumbai’s hit ₹45,000 (30% jump). Experts cited urbanisation, the return of the IT workforce, and limited supply as key factors, leaving tenants struggling as rent laws failed to prevent unethical hikes.