The Prices for 2 BHK House for Rent Property in Bangalore

Bangalore, a city better known for its IT sector, is one of the leading realty hubs in the country. A favorite destination of expatriates, this metropolitan offers them loads of employment opportunities. It is not only the local population that has to be fed for residential spaces, the exodus of these expatriates too require living spaces. And rental houses come as a handy option for those who do not have enough disposable incomes to buy a house or are looking only for a temporary Solomon to heir housing requirement. The rental rates vary from part of the locality to the other. Let's see this in terms of 2 BHK houses across South Bangalore, a region that has high concentration of IT industries.

Two-room house for rent in Bangalore in southern region offer both affordable and high-priced ones. Among the budget localities in South Bangalore, one can opt for BTM Layout, Electronic City, and Chandapura. A 2 BHK flat come at a price rate as low as 6-7k/month. These location also offer well-furnished rental houses that carry high rentals, up to 25 k. In 10-15k bracket, the apt regions are Hosur Layout, Bannerghatta Road, BTM Layout, Kanakapura, Banashankari, and Begur Road. Others like Bellandur, Kumaraswami Layout, Sarjapur Road, Rajrajeshwari Nagar, Bommanhalli, Basavangudi too carry rental values as low as 15k.

The property in Bangalore has several other options in its southern part. Arekere, Kathriguppa, and Vijaya Bank Layout are the prime localities and have high rents per month. It should be noted that the city thrives largely on its IT/ITeS industry and locations like Kanakapura, Banashankri, Bellandur, Old Madras Road(OMR), and Outer Ring Road(ORR) are dependent on their proliferating IT industry, a prime reason behind the high demand of rental properties.

As far as change in price per square feet of a rental apartment is concerned, areas including Cookes Town, Hennur, Indira Nagar, Jeevan Bima Nagar, ORR, OMR, and Uttarahalli have seen depreciation in last quarter of 2013. AECS Layout, Bellandur, JP Nagar, ITPL, Richmond Town and Dollar Colony have, however, seen price escalation.

Common Price Brackets in Real Estate Hyderabad for 2 BHK House for Rent

The city of Hyderabad does not carry competitive prices for residential and commercial properties. At a time, when metropolitans like Delhi and Mumbai are sitting on about-to-burst realty bubbles, the property market in this city has not seen any appreciable escalation in rates. In spite of having gone tremendous growth in IT sector and good demand for residential houses, the rates have not burgeoned accordingly. The rental rates too are low. Though there are a few localities where you will find high rental rates, still the rest of the city comes under affordable bracket.

Let's see how a 2 BHK rent house in Hyderabad would cost you in its different localities. We shall talk in terms of starting rates in the concerned localities. We are not talking of the upper limits, that may be quite higher than these initial prices. We start from the lowest monthly bracket, i.e. 3-5k, colonies like Begumpet, Ameerpet and Vamasthali Puram offer these rates to the tenants. For 5-7k rental, you can look for Uppal Mandal, Manikonda, Tolichowki, Dilsukhnagar, Qutbullapur, and Hydersha Court.

Real estate Hyderabad in 7-10k bracket can be expected in Rajender Nagar, Mehdipatnam, Manikonda, and KPHB. For 10-15k segment, tenants can look around in Trimulghery, Sanjeeva Reddy, Chand Nagar, Gachibowli, Upperpally, Maredpally. and HUDA. AT Kondapur, one of the localities that has seen a tremendous development in IT sector, the rental rates can be as low as 15 k and as high as 75k. At Hi-Tech City, Nalaganda, Lakdi ka Pul, Madhapur, monthly rentals are usually above 15k. Most of these areas have well-developed houses with good infrastructure, furnished interiors, and presence of IT companies. The demand for rental,s accordingly comes from a class that earns well and can afford high monthly rent. At Bowanpally, you will find a flexible rental range. From 3k to 35 k, it has houses catering to different income brackets.

The Rates of Three-Room Independent in Chennai Across Different Localities

There are myriad choices for the buyers of 3 BHK villas or independent houses in Chennai. In different parts of the city, the availability of such real estate spaces varies, and also their price values. We are going to throw light on the prices of such as 3 BHK independent houses across different localities.

Though there is no dearth of 3 BHK apartments in Chennai, independent houses are hard to find. In the central region, Aminjikarai is the main locality where such a property can be purchased. The price range for the same varies between 60 lacs and 1.3 crores. The average per square feet rate (psf) at Aminjikarai ranges between Rs. 3700/- and Rs. 8700/-. Coming to North, a three room independent house is available in localities like Manigadu, Kolathur, Ambattur, and PH Road. While Manigadu and Kolathur offer affordable houses (40 lacs-60 lacs), at Ambattur and PH Road, the rate is pretty much higher: it generally varies between 90 lacs and 1.5 crore.

 

Real estate in Chennai in the western part too has only a few localities where one can find three-room independent house. At Ayapakkam, it is available at around 60 lacs, while at Porur, the rates are flexible: between 70 lacs and 2 crores. South Chennai, on the other hand, has a plethora of areas for the seekers of such houses. In the affordable bracket come localities like Singaperumal, Oragadam, Tambaram-Mudichur Road, Maraimalai, Manimangalam, and Iyapanthangal. Here, one can expect the rates that lie in 20-40 lacs bracket.

In the higher bracket, i.e. 50-85 lacs, come Tambaram, Adambakkam, Kovur, Perumbakkam, and Selaiyur. In most of the the southern region, come the localities where a 3 BHK independent house touches the crore figure. Neelangarai, Kelambakkam, Medvakkam, Thoraipakkam, Santoshpuram, Villivakkam, K.K.Nagar, Mahindra City, and Sholinganallur are a few names in this regard.

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Three-Room Rental Houses in Hyderabad Across Variable Price Rates

The city of Hyderabad has a tremendous potential in terms of real estate development. The positive factors like excellent infrastructure and good connectivity are the prime reasons behind the same. For the seekers of rental spaces, the city comes as a good option. The demand for such residential spaces comes both from the local residents as well as those who flock to city in search of job opportunities. As Indian economy has been hit hard by inflation and economic slowdown, property-seekers have kept themselves refrained from buying houses. Instead, they prefer going for living on rental houses, a far more viable option. Those who want a three bedroom rent house, Hyderabad offers a number of options.

We are going to consider different localities in terms of the lowest rent that they offer. For affordable three room real estate Hyderabad, the areas like Chanda Na
gar, Sainikpuri, Nizampet, A.S. Rao Nagar, Bagh Amberpet, Hyderguda, Manikonda, and Puppalguda are the perfect options. The tenants can expect 3 BHKS with minimum rental in the range 7k-15k in most of these localities. The upper range, however, can go up to 25-30k. The average per square feet (psf) value varies between Rs. 5/-Rs. 12/-.

For the rental range between 15-20k, the good localities are Basheer Bagh, Narayanguda, Nanakram Guda, Banjara Hills, Nallalkunta, Ashok Nagar, S.R. Nagar, and Ameerpet. A three-room rent house in Hyderabad is also available at higher monthly rentals. Some of these localities include names like Mehadipatnam, Lanco Hills, Gachibowli, Kondapur, Hitech City, Srinagar Colony, and several more. The monthly rent that a tenant has to pay in these plush colonies ranges between 25-30k. Somajiguda, APPA Junctin, and Tarnaka are a few names where it is difficult to find affordable rental spaces. While Taranaka and APPA Junction have average monthly rentals around 40k, at Somajiguda, it can go up to 55k.


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The Highest Private Equity Investment to Boost Bangalore Real Estate

Within the first three quarters, i.e. Q1-Q3, 2013, the city of Bangalore has earned name for being the city with largest amount of Privet Equity(PE) investment. The real estate properties as pricey has Rs. 2000 crore were leased in the city during this time-period. The research form Cushman & Wakefield has declared that the entrepreneurs' interest in putting the commercial properties on lease was the subject of major interest. The rate at which PE got a raise in Jan-Sep quarter was a whopping 79%, as compared to the corresponding quarter in 2012.

Realestate in Bangalore has made a tremendous growth with IT sector as the biggest supporting factor. The presence of global as well as national software giants have attributed a lot to the take the realty market to the next level. The demand for residential properties in the city, as a result, pushed all the way up. Add to this is the congenial environment for manufacturing and business units, the flocking of expatriates in large numbers every year, and a high potential to burgeon as a reality hub, especially in South India.

According to the Managing Director, Cushman and Wakefield(South Asia), Mr. Sanjay Dutt, the relatively pared down prices for properties make Bangalore one of the most attractive destination, both for buyers as well as investors. Developers like Sobha Developers and Prestige Estates have invested massively in the city projects. Recently, Qatar Investment Authority has plunged into city's realty market. It has invested Rs. 1800 crore for a project of a reputed developer known as RMZ.

While the investment deals got a shot in the arm, a negative scenario has also come to the light. The city slipped in its rank from 19 last year to 20 this year in terms of top investment destinations. This negativity did have an impact on residential properties in Bangalore. The drop in ranking can be contributed to the cumulative effect of factors like slumped Indian economy, high inflationary rates, unhealthy politics, and insecurity for future. In spite of all this, the city is still ranks among the top 25 list of favorable investment places.

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