Rates of 3 BHK Flats for Rent in Central and Northern Bangalore Properties

Bangalore is India's tier I city and is known for its cosmopolitan culture. The presence of a whopping large number of IT companies, along with several small and large-scale manufacturing units have rendered this electronic city an ultimate choice for white-collared professionals. Presence of Special Economic Zones and several IT Parks have played a larger-than-life role in contributing to its economic standard. The city also houses the headquarters of many PSU(Public Sector Undertakings). Aptly called 'Silicone Valley', the city contributes an elephantine proportion to country's software exports.

As the city sees a steady influx of population from other cities of India, the demand for rental properties here remains high throughout the year. Flats for rent in Bangalore are available at flexible price brackets and cater to all the segments of tenants. Here, we are going to consider three-room rental apartments in different parts of the city and their rental range present there. Let's talk about the city-center first. Its hot localities include Frazer Town and Richmond Road. While a 3 BHK house on rent is available at around 47K in Richmond Road, at Frazer Town, the renal range for such a property falls in 30-60k range.

But that is not all. Localities like Coles Road, Sishadripuram, Indira Nagar, and Ulsoor are the localities where tenants can expect monthly rentals below 30lacs. At Palace Road, Cook Town, Langford Town, Vasanth Nagar, and Queens Road, the rates are higher: the starting rentals in these areas falls in 30-50 lacs bracket. For expensive rental property in Bangalore, the areas to look forward are St .John Road, Aga Abbas Ali Road, Cunningham Road, and M.G. Road; at many of these, the rentals for three-room flat can cost up to 1 lac.

 

Now, let's have a look at the available rental options in North Bangalore. Some of the localities like Hebbal, Thanisandra, Yelahanka, and Dollars Colony are well-developed with a stronghold of software companies. These areas offer a wide rental range that can cater to both the low and the high segments of society. At Hebbal, Sanjay Nagar, Jalahalli Hill, Thanisandra, Hennur Road, RMV Layout, the houses with monthly rentals below 20k area available for hiring. Dollars Colony and Bellari Road offer above 20 k rents. In all of these areas, the upper rent can go up to 1-2 lacs. Yelahanka is an affordable area of North Bangalore, where rents as low as 7k can be expected, while the upper value can be as high as 90k.

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The Price Tags for a Two-Room House for Rent in Different Regions of Chennai

The tier-1 cities in India like Delhi, Mumbai, Chennai, Hyderabad, and others see a fairly high demand for rental homes. For Chennai, that sees a good number of expatriates from North, the rental properties play a vital role in catering to the high housing demand. The city, like other metros, has variable price brackets applicable in its different parts. The central region, for example, carries high price tags, while the rate is lower at peripheral localities. The amount of rent is directly proportional to the location of the house, its state of furnishing, amenities offered, and employment opportunities. We are going to have a look at the rates for two-room rental apartments in the city.

We start from city center of the city. A house for rent in Chennai in central region can come at a rate anywhere between 12-25k. For prices between the rental range 12-15k(starting rates), options like Koyembedu, Nelson Manickam Road, Choolaimedu, Aminjikarai, Arumbakkam, and Chetpet can be good choices. The localities including Triplicane, P.H. Road, and Shenoy Nagar are pricey: for a 2 BHK apartment on rent, a tenant requires to pay in 18-25k, and even above.

 

Shifting your focus to North,it has some of the high-end localities that have well-developed IT infrastructure and stronghold over corporate sector. At Kolathur, Avadi, Pattabiram, Thirumalla Voil, the monthly rentals are usually below 10k. For a real estate Chennai property that comes at rentals more than that, Mint Street, Anna Nagar, Kilpauk, Korttur, and Mugappair are a few names that fit in.

South Chennai has a plethora of options for the seekers of 2 BHKs. Medavakkam, Oragadam, Kelabakkam, Pallavaram, Guduvancheri, Madambakkam, Porur, Pallikaranai, and Madipakkam are a few names where one can find affordable houses on rent. For the tenants who want a 2 BHK below 10k/month, these can be the perfect choices.

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Real Estate Hyderabad Witness Price Hike in spite of Slumping Economy

As per the reports by NHB(National Housing Bank), the prices of residential properties have gone up in 12 major Indian cities, including Hyderabad. In the quarter of Jul-Sep, the rates of houses saw an escalation of 5%. In spite of the fact that city is not faring very good in terms of real estate development, the prices have not gone too down. This is a good sign for the city's realty market. In the same quarter, the Residex stood at a rank of 88, while in previous quarter it was 84.

Real estate Hyderabad, in the western region has been in news since it was allotted 3 million square feet of office space. Such a whopping addition would be a boosting factor for city's real estate market. This could also result in further increase in the capital rates. The rental rates in West colonies are already more than that in other Indian cities; standing at an average of 40/sft Over past 12 months, the rental rates here too have followed the suit.; they have escalated by 12% over this period. With the allocation of extra land, the western part shall see booming of more IT companies; thus generating more employment opportunities. That would mean that more population will commute from other parts of the city to here.

 

Apartments for sale in Hyderabad are witness to the set-up and commendable growth of IT companies and business centers. Localities like Jubilee Hills, Banjara Hills, Hi-Tech City, YusufGuda, and Kukatpally have already established themselves as nerve-centers of software sector. If compared to the colonies of East Hyderabad such as Uppal, Dilsukhnagar, Bahadurguda, and Malkaj Giri, the western locales have done far better in terms of IT/ITeS sector. Establishment of an IT investment region worth 2,00,000 crore is also on cards. This will be like a shot in the arm of western part.

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Flats in Bangalore: IT sector Losing its Sheen in Properties

As per the market reports, IT sector is losing its sheen in terms of contribution to real estate. The contribution, in fact, has fallen to only 45%, which was earlier 70%. The sales from non-IT sectors like banking, finance, and others have increased well above average: 55% part now comes from these markets. The stronghold of non-IT market has increased and more calls for residential properties now come from them. Even the absorption of commercial properties has gone up in these particular niches. The Electronic City that derived its name from IT industry itself, is now falling short of the expectations.

This was one thing. In spite of the slowdown in IT, newer developments in terms of residential flats in Bangalore is continuing on a steady pace. The property rates in the third quarter of the year have seen a nominal increase. Along with this, the demand for retail centers, business firms, and other commercial units is also going fine in the city's realty market. The city, in fact, is not merely a Garden City with salubrious climate or with forts and art centers. It has outgrown, and has transformed into a colossal trade center. Plenteous business units have dotted the city's landscape.

The properties Bangalore is witnessing small and large segment residential projects, with big builders coming with state-of-the-art projects. The demand, though not equals the supply, yet it has not depreciated too much, like in other metropolitan cities. The empty units are still less than 10%, which is not a figure for worrying too much. The presence of top-level infrastructure, ready availability of top amenities, and good potential for development are the prime reasons why the city has been able to maintain its growth rate.

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Bangalore Real Estate: Rates of Two Room Flats for Rent in Different Localities

The rental flats in Bangalore remain high on demand, irrespective of where the price trends are heading towards. A majority of population lives on such houses, thereby forming a large proportion. The steady influx of expatriates into the city also calls for the availability of rental properties. Presence of physical infrastructure, dominance in software market, and availability of employment opportunities are a few reasons why they flock to this city. To cater to their demand for housing, rental rooms come handy and affordable too. Let's have a look at the rental rates of 2 BHK properties available in city.

Flats for rent in Bangalore in the central region offers quiet a fewoptions for tenants. In micro-markets like Benson Town, Frazer Town, Cook town, Coles Road, Jayamahal, Majestic, and Ulsoor, the rental rates are available in the range 20-30k per month. Higher rates of rental properties can be expected in Vasanth Nagar, MG Road, Indira Nagar, Cunnigham Road, and Langford Town. I

 

Towards the eastern side, most of the two-room real estate in Bangalore are available in the rental range of 15-22k. The areas include Whitefield, Sarjapur Road, Kundanahalli, Hoodi Village, Marthahalli, Doddanakunte, Murugeshpalya, and Kasturi Nagar. The cheaper rental properties, in this particular region, can be expected at Mahadevpura, Varayanapura, Narayanapura and Sarjapur Road. A tenant can look for rental localities in North Bangalore with plentiful options at his hand. The rates for a 2 BHK varies between 6k-25k per month. The budget flats for rent can be expected at Doddabommasandra, RT Nagar, and Ganganagar: the rentals as low as 6k are available in these areas.

Talking of south, the rates here generally vary between 8k and 27k. Localities like Electronic City, BTM Layout, JP Nagar, and Bannerghata offer flexible options: variable rates are available in these areas, thus catering to the demand of all types of tenants. Koramangla, Jayanagar, HSR Layout are some of the costliest micro-markets that forms part of South Bangalore. And finally, we talk about the West Bangalore. At localities like Ullal, Basaveshwara Nagar, Nagarbhavi, Rajrajeshwaeri Nagar, RPC Layout, and Kengeri, the 2 BHK flats within the range 12-15k can be hired on rent.

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Rates of Three-Room Houses on Rent in Chennai

Chennai, like many other cosmopolitan cities, has a strong foothold over IT sector. Several premiere real estate developers have ventured into the city with their residential and commercial projects. The presence of infrastructural development and employment opportunities call for high demand for properties. And as far as rental spaces are concerned, they too remain high on demand. The middle-segment buyers and the professional relocated from other cities comprise a big chunk of this demand. Rental houses are mostly affordable and offer a living space to those who don't have a residential property of their own. Let's see what 3 BHK rental apartments cost in different parts of the city.

For the tenants for whom money is a big issue, can look for a house for rent in Chennai in areas like Adyar, Numgambakkam, and Kelmabakkam. The average monthly rentals in these localities can be as low as 4-7k, though houses with higher rates too are available for hiring. In 8-12k range, there are far more options: Ramapuram, Sholinganallur, Velachery, Perungudi, Perumbakkam, Porur, Guduvancheri, Ambattur, Chromepet, and Avadi. Such a rental range is mostly preferred by middle-segment tenants.

 

Mogappair, A. Nagar, Vadapalani, and Tambaram have high price tags. Micro-markets like Saligramam, Kavalur, OMR, Arumbakkam, and Keelkattalai too fall in this category. As most of these are IT-driven societies, the rental rates here can go up to 20-25k, and even above. Then come those araes of Chennai properties that cater to the requirements of the affluent class. Three-bedroom, well furnished houses are readily available in prime localities like T. Nagar, Abhiramauram, Kotturpuram, Mint street, Kottivakam, and K. K. Nagar. The others like Poes Garden, Boat Club, and Akkarai too have heavy rentals: 1-3 lacs!!. Their strategic location, presence of high-end flats, amenities offered, and presence of software industry award them much significance.

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Hyderabad, known for the strong presence of software sector, has remained one of the most sought-after metropolitans of the country, for buyers and tenants. A large chunk of the residential demand comes from those who prefer living on rental spaces; this is the primary factor that drives city's realty market. The large influx of professionals seeking white-collared jobs too opt for rental properties, rather than buying a flat or apartment of their own. A purchase is infeasible for both the budget-minded residents as well as the tenants from other cities. There is no paucity of the rental houses here. As the demand remains high all through the year, the prices of such properties keep on soaring year after year.

A rent house in Hyderabad is available across flexible price brackets. For the seekers of two-room rental houses, localities like Nallakunta, Miyapur, BandlaGuda, Dilsukhnagar, Moti Nagar, A.S. Rao Nagar, and Dammaiguda are good to make a choice from. The rental rates in most of these micro-markets carry the starting prices anywhere between 5k and 7k. ECIL has even the lower rates than that. Tenants can find a two-room apartment here at a monthly rental of a mere 3-3.5k. As the rent is so low, one can't expect too many amenities or well-furnished interiors.

The other localities where a rental apartment is available in the higher range, 8k-10k include YousufGuda, Kukatpally, Madhapur, Himayath Nagar, KPHB, Mirjalguda, Saroor Nagar, and Defenec Colony, to name a few. The range specifies the starting prices, though there are flats and properties in Hyderabad that come with much higher price tags in these colonies. For instance, you will find rent flats in Madhapur, with rate as low as 11k and as high as 20k. This f

lexibility helps in catering to tenants with different budgets.

The localities where average per square feet rate has got an upsurge in Jun-Sep quarter are Banjara Hills, Ameerpet, Gachibowli, Kukatpally, Nalllakunta, Somajiguda, and Srinagar Colony. In the later two, the average psf is a high value; in the current quarter, it stands at 15/ sq. ft. The other areas with a high psf value are Miyapur, Masab Tank, Nallagandla, Manikonda, Begumpet, and Ameerpet. Nizampet, Chandanagar, and Manikonda have seen a slump in the psf rates; so these can be good options to look for rental houses.

So, you see that there are a plethora of options for the seekers of rental properties in Hyderabad. The presence of good infrastructure and good connectivity to the neighboring cities make it a place worth to live at.

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In Bangalore, Flats for Sale Garnering Attention of Investors and Property Buyers

As far as property investment is concerned, Bangalore stands out as one of the most preferable options by NRIs. Laced with good infrastrural facility, execellent connectivity to nearby states, and the considerable progress made by its micro-markets have rendered the city quiet dependable for investors. Plenteous of its localities have emerged as powerful micro-markets, thus giving the real estate a nice boost. Then, there is an 'all-powerful' IT market that has remained a major factor in augumenting city's realty progress. A majority of software giants have floated eminent projects here, thus awarding the city one of the most sought-after destinations for property buyers.

There is no denying to the fact that a whopping number of flats for sale in Bangalore are, at present, unsold. This number is more than last year’s unused number of inventories. But, it is also true that the real estate is burgeoning there at good pace. The city is dwelled by a huge number of expatriates who have sophisticated tastes, and prefer luxurious living spaces. So, a good percentage of demand comes from the high-end sector of city. With the increase in preference for top-notch residential spaces, more builders are now focusing on projects that cater to the needs of the affluent class. Whitefield, Outer Ring Road (ORR), and CBD (Central Business District) are the micro-markets where demand for such properties is quiet high.

For mid-segment and budget real estate Bangalore, Electronic City, Kanakpura Road, and Mysore Road have emerged as the leaders in demand. The low-cost flats in Bangalorehave become the target of developers like Nitesh Estates and Ozone Group. The two main factors that are responsible for an increase in this demand are development of Peripheral Ring Road and the upcoming Metro Link. With the escalation in demand, the property rates too have appreciated. The forthcoming projects like an Aerospace SEZ, International Airport, and Devanhalli Business Park have exacerbated the demand in North Bangalore.

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Localities in Chennai Offering Budget Rent Houses

No one, willingly, loves to live on a rental property. But buying a house of one's own has become the luxury of a few. The all-pervasive inflation, the ever-increasing hunger of the developers, and population boom have remained the primary factors behind dampening of dreams of many. So, the only option left is to hire a rental house. In a tier-1 city like Chennai, the need for rental properties remains an all-time high. It is not only cost-effective, but also fulfills the needs of those who have relocated here from other cities. Being an IT hub, the migrating population mainly belongs to the professional class who flock here in search of white-collared jobs.

Consider a 2 BHK flat in Central part of the city. A rent house in Chennai in this region comes with many options, and that too affordable ones. Choolaimedu, Arumbakkam, Nelson Manickam, Chetpet, Aminjarai, and Mehta Nagar are a few options where a tenant can look for a house in the rental range lying between 10-20k. A few other localities that come with affordable price tags are Chinmaya Nagar, Periamedu, and Mount Road.

As we are talking about Chennai property, we need to throw light over other regions too. Here too, a tenant is at the disposal of too many options in the above stated range. Take Avadi, for instance. For a two-room rental property, you can get a house at a price as low as 6k per month. Same is the case with Ambattur and Perambur: the rental rates as low as 5-7k can be expected here. Kolathur, one of the prominent localities of North, offers budget rental houses in 5-13k range.

Towards North, though the rates for residential properties are quiet high, the rent houses within budget can be availed in several localities. Velachery, Urapakkam, K.K. Nagar, Tambaram, Madambakkam, and Sholinganullur have cheap rental properties, in addition to the pricey ones. In West, you can hunt two-room flats in localities like Porur, Ramapuram, Madanandapuram, Koyambedu, and Ayapakkam,

Make property search, both residential and commercial, over the real estate portal, Makaan.com. The portal comes with many options for seekers of rent house in Chennai and other cities of India. Keep abreast of the property trends for Chennai real estate.

No one, willingly, loves to live on a rental property. But buying a house of one's own has become the luxury of a few. The all-pervasive inflation, the ever-increasing hunger of the developers, and population boom have remained the primary factors behind dampening of dreams of many. So, the only option left is to hire a rental house. In a tier-1 city like Chennai, the need for rental properties remains an all-time high. It is not only cost-effective, but also fulfills the needs of those who have relocated here from other cities. Being an IT hub, the migrating population mainly belongs to the professional class who flock here in search of white-collared jobs.

Consider a 2 BHK flat in Central part of the city. A rent house in Chennai in this region comes with many options, and that too affordable ones. Choolaimedu, Arumbakkam, Nelson Manickam, Chetpet, Aminjarai, and Mehta Nagar are a few options where a tenant can look for a house in the rental range lying between 10-20k. A few other localities that come with affordable price tags are Chinmaya Nagar, Periamedu, and Mount Road.

As we are talking about Chennai property, we need to throw light over other regions too. Here too, a tenant is at the disposal of too many options in the above stated range. Take Avadi, for instance. For a two-room rental property, you can get a house at a price as low as 6k per month. Same is the case with Ambattur and Perambur: the rental rates as low as 5-7k can be expected here. Kolathur, one of the prominent localities of North, offers budget rental houses in 5-13k range.

Towards North, though the rates for residential properties are quiet high, the rent houses within budget can be availed in several localities. Velachery, Urapakkam, K.K. Nagar, Tambaram, Madambakkam, and Sholinganullur have cheap rental properties, in addition to the pricey ones. In West, you can hunt two-room flats in localities like Porur, Ramapuram, Madanandapuram, Koyambedu, and Ayapakkam,

Make property search, both residential and commercial, over the real estate portal, Makaan.com. The portal comes with many options for seekers of rent house in Chennai and other cities of India. Keep abreast of the property trends for Chennai real estate.

What can a House for Rent in Bangalore Cost you?

Bangalore is popular for its world-class infrastructure, great potential for IT jobs, and high-end amenities. This makes buying a house in the city a costly affair for lower-middle and middle segments. Living on a rent house is a good option, as they do not have enough disposable income to own a house of their own. Seeing the rate at which is inflation is spreading its web in the country, buying a property has become quiet dear. Rental spaces, in such a case, prove an affordable option. Though the rental properties too undergo escalation along with the capital appreciation, still, hiring a flat is far more budgetary. The properties in different localities come at different rental rates.

The price appreciation of rental properties, as seen over 2012-13, have undergone a change of about 2%, a good thing for investors in property. In localities including Whitefield, Marathalli, and Kundanahalli, the per square feet (psf) values have gone appreciation. At Whitefield, the psf rate is almost fixed at Rs. 16.14 from past six months. For an apartment for rent in Marathalli, the psf rate this August stands at Rs. 16.12/ sq. ft. The localities where Bangalore real estate has seen a depreciation in psf rates of rental residences are HSR Layout, R.T. Nagar, JP Nagar, Indira Nagar, B.T.M. Layout, and Bannerghatta. At Indiranagar and Koramangla, the per sq. ft. rates are quiet high: Rs 18.43 and 20.94 respectively.

Let's now compare the price of a 1 BHK in the city's different localities. Flats for rent in Bangalore, in the north region has comparatively lower rental prices, if compared to the rest of the city. At Devanahalli, R.T. Nagar, and MSR Main Road, a 1 BHK can be hired for somewhere around 5-8k. For better localities, choose a property in the southern Bangalore. Here, the rental rate goes between 7-20k. The areas like BTM, Jayanagar, JP Nagar, Indiranagar are particularly popular among the working class. But in Attibele, the rates are significantly lower.

In Sarjapur, Whitefield, Kundanahalli, the localities forming the eastern region, a flat for rent ranges between 6k-14k. At Kundanahalli, single room flats are available at a whopping 3 lacs!. In the central part of the city, the rates for properties in Bangalore are highest. Rental flats at M.G. Road, Cox Town, Ulsoor, Frazer Town, Richmond Road, and Benson Town are available for hiring at 10-25k.

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Hyderabad Offering Multiple Options to Tenants for Hiring a 2 BHK House for Rent

The strong presence of IT industry and availability of good infrastructure have played a great role in attracting tenants from other cities to Bangalore, to hire rental spaces here. For the local residents, who belong to middle-segments of society, the rental houses offer a good option. The rates for properties have started seeing a hike post Telangana issue, and this would have direct effect on rates for rental homes too. In this blog, we are going to see how the rates for 2 BHKs are faring in different parts of the city.

To hire a 2 BHK rental house in Hyderabad, you need to find the localities that offer the type of houses that are looking for. Let's consider first Secunderabad; the hot localities that are generally preferred for hiring on rent include Sainikpur, Trimulgherry, Bowenpally, Hasmatpet, Paradise Circle, Lothkunta, and Kompally. The rental rate for a two-room property in these localities varies from one place to other.

Next comes Hyderabad city itself. The properties in Hyderabad in various localities like Nallakunta, D.D. Colony, Miyapur, Begumpet, varies in the range Rs. 7k-20k. Some other budget options like A.S.Rao Nagr, Dilsukh Nagar, Jubilee Hills, Kondapur, and Madhapur, however, have the higher rates, as high as 40-45k. Yellareddy Guda, YousoufGuda, Moti nagar, Manikonda too are the pricey options.At ECIL, Dammaiguda, Kothapet, Anand Bagh, and Rajender Nagar cater to rental needs of lower-income group.

Post Telangana, the property rates for a house for rent in Hyderabad are expected to increase. The prices had been stagnant from almost 4-5 years. But as the issue subsides, the realty market is expected to pick up. If that happens, then the probability of the rental spaces too becoming pricey shall increase. Indian economy is also going through an economic crisis, with the currency value already depreciated much in comparison to dollar.