How Much Does A PG Cost For Professionals In Bangalore?

You’re a young professional. You’re looking for a PG in Bangalore. Well, you’re not the only one. Every third person you come across in Bangalore turns out to be a professional. And they’ll tell you that, especially when you’re just starting off, a PG in Bangalore makes the most sense. Food is provided, the rooms are furnished, the place is safe and most importantly – the PG rent doesn’t eat a big chunk out of your starter salary.

But how much will it eat up? Well, we can help you there. Being India’s largest accommodation provider for youngsters like you, it’s our job to make your life simpler. Be it by providing some of the most affordable yet livable hostel-style residences and managed apartments in the city. Or by breaking down the cost of a PG in Bangalore for professionals.

Rent

Rent is one of the biggest expenses when moving to a new city. It’s important to calculate your monthly rent in advance to plan how much money you’ll need to put aside each month. If you’re making around ₹30,000/-, then probably it’s not worth looking for an apartment in Bangalore as it will be too expensive. If you’re single and living alone, then co-living with roommates is a great idea of course it comes within the budget of PG rent. You could get one for as low as 5K a month. But if you’re willing to shell out about 10-15K a month, you’ll be sorted.

Security Deposit

The minimum security deposit is usually two months of rent, while the standard is three months. Sometimes, you may have to pay a higher deposit if you have a higher credit score. If you move out without paying your rent, your landlord can take money from your security deposit for up to one month’s rent. This can be used for damages or unpaid rent. However, if you leave because of harassment from your landlord, he cannot take more than one month of your security deposit for damages.

Brokerage Fees

Brokerage fees are charged to cover the cost of maintaining a large brokerage team. The amount varies from broker to broker and is determined by the size of your account and the number of people in your team. The brokerage fee is usually based on the amount of your rent. If you want to skip this hurdle, you can opt for a Stanza Living residence. We have no brokers, no brokerage, no rage.

Food, Housekeeping, and Laundry

The most important expense that you need to consider is the food. This can be quite a large expense if you cook your meals. If you are not, you will need to purchase cheaper food than your employer provides.

Housekeeping expenses will also be significant if you are cleaning up after yourself or your co-workers. This includes washing dishes, cleaning bathrooms, and doing laundry.

Finally, laundry expenses should also be considered when calculating how much money you need to bring home weekly to survive as a professional in Bangalore.

All this will be added to your rent. Luckily, at Stanza Living, all these facilities come included in your rent.

Entertainment and Hobbies

Entertainment and hobbies are among the most important things for us to do in our lives. Every person has a different taste in movies and music, and these things help us to relax and forget about all the problems in life. The more facilities you get with your PG room, the more will be the room’s rent. Except for Stanza Living, where there is a thriving community, no matter what the rent.

FAQs on PG Cost for Professionals in Bangalore