Paisa Vaisa with Anupam Gupta 1000 Crore Secret: How NoBroker Makes Money with 0% Commission | Paisa Vaisa
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Jan 12, 2026 Amit Agarwal, Co-founder and CEO of NoBroker, shares insights from his journey to eliminate broker commissions in the real estate market. He discusses the complex dynamics of renting versus buying, emphasizing that renting often makes more financial sense due to low rental yields. Amit highlights key features of the Model Tenancy Act, which protects both tenants and landlords. He also tackles biases against tenants like bachelors and reveals how NoBroker generates revenue through services rather than data sales, all while offering advice on navigating the rental landscape.
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Why NoBroker Was Founded
- Amit Agarwal described how founders started NoBroker to avoid paying brokers one month of rent or hefty fees.
- He recalled poor experiences with brokers pushing inventory and hiding information which sparked the startup.
Why Deposits Vary By City
- Local cultures and market supply explain why Bangalore landlords demand 4–6 months' deposit while other cities ask for less.
- Deposit practices shift with demand, so legal caps can standardize behaviour.
Use Model Tenancy Act Protections
- Register rent agreements and cap deposits to bring legal clarity and avoid oral-only deals.
- Use the Model Tenancy Act protections like two-month deposits and rent authorities when available.