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.
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.
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