Every single year, Bangalore, the Electronic City,
witnesses the leasing of about 1 lakh properties. At present, akin to
other metros of India, this city is sitting on a pile of unused
inventories; as the demand remains high, these inventories are expected
to get used up in a few months. Currently, the slump of economy and high
prices have plagued Indian's real estate. In spite of such a dim
scenario, city's prospects seem to be good. The developers here are
coming up with offers like rent-free months and cash discounts. Another
trend that has been noticed here is increasing propensity of tenants for
small ticket sizes.
Let us consider rental rates for 2 BHK real estate Bangalore
properties in city center. The hot localities like Indira Nagar, Benson
Town, and Sarjapur Road offer the starting rental rates in 12-18k
range. The higher rental rates can be expected in Frazer Town, Cook
Town, and Cunningham Road: the monthly rental in these localities start
anywhere in 20-25k range. Some of the other localities where tenants
will find high rentals include Langford Town, Brunton Road, Jayamahal
and Coles Road. Queen Road and Levelle Road have high-end properties
with rent ranging between 30-45k bracket.
House for rent in Bangalore in
North carries some prominent localities that tenants mostly seek. The
rents in this region is mostly affordable with rates as low as 7k. R.T.
Nagar Yelahanka, Hebbal, Dollar's Colony, Thanisandra, and HMT Layout
carry the monthly rentals between 7-25k. At Hebbal, however, two-room
leased properties can cost up to 35k/month. Towards East, the affordable
colonies for the tenants of 2 BHK apartments include names like
Marathahalli, Whitefield, Banaswadi, CV Raman, Mahadevpura, Kundanhalli,
and KR Puram: rentals in 8-12k range in most of these prominent
localities. However, at Indira Nagar, AECS Layout, Whitefield, and
Marathahalli, the upper limit can reach up to 25-45k.
Look for house for rent in Bangalore over Makaan.com, the reality portal based in India. Participate in forums based on real estate Bangalore and gain insight into property trends.
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