Hard Cash Day 35: 'Pay rent in cash or vacate the flat'
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Hard Cash Day 35: 'Pay rent in cash or vacate the flat'

Tenants across Delhi-NCR are in a soup with a whopping 70 per cent of the landlords preferring rents paid in cash.

Hard Cash Day 35: 'Pay rent in cash or vacate the flat'

Demonetisation has caused many-a-rift between landlords and tenants across Delhi-NCR.

This month, Abhishek Srivastav's landlord gave him an ultimatum — Pay rent in cash or vacate the flat. If not for friends who lent him cash, Srivastav would have been homeless now.

City Spidey discussed the matter with landlords, PG owners and property dealers to find out how bad the situation actually was.

"About 70 per cent of the landlords are accepting rent only in cash as they do not want to pay taxes for the amount," said SK Sharma a property dealer in Dwarka. "Forcing tenants to pay in cash also makes things convenient for landlords as they do not have to queue up in front of banks to withdraw cash."

The worst-affected tenants are students. Areas such as Dwarka, Katwaria Sarai, Munirka, Kalu Sarai, Jia Sarai, Mukherjee Nagar, Patel Nagar, Karol Bagh, Vasant Kunj, Malviya Nagar, Laxmi Nagar and Preet Vihar are where students usually put up, owing to their proximity to educational institutes. The rent in these locations is also quite affordable. 

"Most of the flats for rent are owned by villagers," said SK Lal, a landlord from Sector 6, Dwarka. "They are quite backward in their thinking and have always insisted on rent to be paid in cash. They are not comfortable with or trust online transactions and they are not ready to adapt."

The situation is much better in areas in Dwarka where the blue-collared job holders live on rent. "Most of the landlords have no problem if we transfer them the rent online," said Shubhra Swati, a corporate professional who works in Gurgaon and lives in her rented flat in Sector 14, Dwarka. "It is quite cnvenient and hassle-free here as most landlords are okay with rent being transferred online." 

Then there are landlords who understand the situation at hand and are willing to adjust. Tripti Singh's PG owner in Gurgaon has told her to pay in cash but only when the situation becomes normal. Rakesh Kumar, a resident of Sector 13, Dwarka, was told by his landlord to pay rent whenever he was comfortable.





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