The Rates of a 2 bedroom House for rent in South Bangalore Real Estate

The presence of IT sector, infrastructural facilities, and good connectivity are the prime reasons why a number of expatriates migrate to Bangalore every year. For them, rental houses serve as an affordable option. The article summaries the rates of 2 BHK flats for rent in South Bangalore.

The strong presence of IT and ITeS firms in Bangalore is the prime reason why the city witnesses a good number of people migrating here every year. It is the good employment opportunities that these expatriates come in search for. In light of this migration, there remains a high demand for rental spaces across its various localities. The rental apartments serve as as a good alternative not only for these expatriates, but also for local population that cannot afford to own a house. Good physical infrastructure, excellent connectivity, and presence of corporate sector have rendered the city with a global touch. In this article, we are going to throw light on the rates of 2 BHK rental properties in one of the most developed regions of the city, i.e. South Bangalore.

A two room house for rent in Bangalore can be hired in 5-7k rental range across localities such as J P Nagar, Electronic City, Jayanagar, and Chandapura. On the higher side, however, the monthly rent can go up to 25k across these areas. In the next bracket, i.e. 8-10k, a tenant can look a two room apartment in HSR Layout, BTM Layout, Rajrajeshwari Nagar, Begur Ro

ad, ISRO Layout, and Kumaraswami Layout. Most of these areas are well-developed and several software giants have established their centers across these. In HSR Layout, the rates for 2 BHK properties can be as high as 30k.

Higher rental brackets, i.e. in 10-15k monthly rental, are prevalent over Kanakapura, Banashankari, Koramangala, Bannerghatta Road, Bellandur, Arekere, and Sarjapur Road. Localities like Konanakunte, Kudlu Gate, Basavgundi, Bommabhalli also carny similar starting rates. Over Kathriguppi, Vijaya Bank Layout, and Bilekahalli, tenants of real estate Bangalore can find 2 BHKs in the same range, and even more than that.

As far as quarter-on-quarter appreciation of rental rates is concerned, there are many regions that witnessed an increase. AECS Layout, Hoodi, and ITPL saw an average increase of 6% in per square rental rate. The corresponding increase in JP Nagar and Dollar's Colony stood at 7% and 11% respectively. But, in majority of South Bangalore areas, the rental rates went down, in light of the current economic slump and depreciation of rupee against dollar. While rental rates slumped by 6-7% in Outer Ring Road, Jalahalli, and Hennur, the locations like Uttarahalli, Koramangala, Cookes Town, and Old Madras Road underwent a further decrease in rental rates: a decline of 8-13% in rates was observed in these areas.

Real Estate in Chennai Infographic @Makaan.com

Real Estate Trends in Chennai - Infographic by Makaan.com

How does a 2 BHK House for Rent Fare in Localities of Hyderabad Real Estate?

The city of pearls, Hyderabad, is the highest contributor to GDP of Andhra Pradesh. Base to several global conglomerates which includes pharmaceutical companies and IT/ITeS firms, the city is a lucrative investment option. It is the multitude of employment opportunities that a good number o expatriates flock to this city every year. Rental houses cater to the residential requirements for these expatriates as well as for its own population. Living on a rental space is more affordable than buying a house of one's own. Lets; have a glimpse of rental properties are faring across its different localities.

Amidst all the muddle created by Telangana issue, Hyderabad real estate scenario did not show any significant improvement. In fact, as the consumer sentiments were largely on negative sides, the rate of rentals dropped in several prime localities of the city. In the last quarter of 2103, areas like Srinagar colony, Jubillee Hills, Madinaguda, S R Nagar, and Hi Tech City witnessed a Q-o-Q fall of 6-9% in rental rates. The fall was steeper for rental apartments in Somajiguda, Miyapur, and Nizampet.

As far as psf(per square feet ) rate for a house for rent in Hyderabad is concerned, S R Nagar, Manikonda, Attapur, Nizampet, and Miyapur have the average value zeroed to 8-10/ sft. The rates are more in high-end colonies like Jubille Hills, Kondapur, Somajiguda, Hi Tech City, Begumpet and Gachibowli. In these areas, the average psf rate is centered around 11-15/sft and above.

Let's now have a look at the monthly rentals that are prevalent across different localities of Hyderabad. The options, i.e. where a 2 BHK house on rent is available at modest prices are Ameerpet and Begumpet. A tenant can expect starting prices for two room apartments valued at 3-5k bracket. In higher segment, 5-8k, the available options for rental flats are Madinaguda, Kukatpally, Bowenpally, Tolichowki, Gachibowli, and Kondapur.

In 9-15k rental bracket come the names lie Himayath Nagar, KPHB, Miyapur, Jubilee Hills, Madhapur, and Banjara Hills. JNTU and Chand Nagar too offer 2 BHKs in the same range. Inspite of the affordable starting prices, the rental rates in some of the prime locations such as Gachibolwi, KPHB, Ameerpet. Jubillee Hills, Banjara Hills, and Miyapur offer pricey options too. For example a two bedroom flat on rent in Kondapur can cost a tenant monthly rental up to 75-80k. In Banjara Hills and Jubillee Hills, one can find well-furnished apartments with rental price up to 25 k.

As the Telangana issue subsidizes, the rental rates for properties in Hyderabad are expected to see a price appreciation.

Bangalore Real Estate Infographic @Makaan.com

Bangalore Real Estate - Infographic @Makaan.com

Hyderabad Property Infographics

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In Bangalore, Where can you Look for a Single Room House for Rent?

Electronic City, Bangalore is the bulwark of IT sector and has always garnered interest of real estate developers PAN India. Presence of physical infrastructure and feasibility of futurist development have been the biggest boosting factors for city's realty market. The demand for rental properties across its different localities keeps a steady pace all through the year. With more expatriates flocking here in search of prestigious jobs, the rental market manages to keep itself in good shape.

For tenants who are keen to hire a 1 BHK house for rent in Bangalore, can get the same with many options at their disposal. The rates are affordable in most of its localities. Even in well-developed areas like Whitefield, JP Nagar, Electronic City, and AECS Layout, tenants can hope to find a 1 BHK at low monthly rates. For cheap prices, i.e. in 2k-5k bracket, Sarjapur Road, Marathahalli, AECS Layout, Kundanhalli, R T Nagar, BTM, and JP Nagar can be good options. As most of these are laden with IT/ITeS firms, hunting a rental house across them can be time and money-saving for those who have offices here.

 

IN 6-10k rental segment are covered areas like Electronic City, Whitefield, Mahadevpura, Thippasandra, OMBR Layout, GM Palya, HSR Layout, and CV Raman Nagar and can be the apt choices by tenants. Residential properties in Bangalore carries in its kitty, more options for tenants looking for rental houses with fully-furnished decors and presence of good amenities. Indira Nagar, Kodihalli, and HSR Layout are well-developed localities whee monthly rental for 1 BHKs have starting prices above 10k, and going far more than that. To hire a rental flat in HSR, tenant may have to pay up to 14k per month. At Indira Nagar, the price can be up to 16k and above.

The Price Variation of 2 BHK Flats for Rent Across Localities of Hyderabad

The demand for rental houses in Hyderabad remains an all-time steady, the reason being the preference of buyers to live on rental spaces rather than buying a house of their own, which is not viable. A large portion of city's population still thrives on rental spaces; in prime localities like Kondapur, Jubilee Hills, and Banjara Hills too, this demand mainly comes from expatriates who arrive here from other cities every year. Most of the IT-driven areas witness steady demand. The city caters to the needs of tenants with different income brackets. We are going to see the available rental rates across different parts of the city.

A 2 BHK flat for rent in Hyderabad in 3-8k range can be saerched in areas like Dilsukhnagar, Uppal Mandal, Gandhi Nagar Tolichowki, Nizampet, Kukatpally, Vanasthali Puram, Chaitnyapuri, and Mehdipatnam. Over Begumpet and Ameerpet, the rates are affordable: you can find monthly rentals as low as 3-4k. Hydersha is one of the localities in Greater Hyderabad that carry budget rates; the lowest rental value for a 2 room rental apartments averages around 7k.

In 9-11k price bracket are covered Hyderabad real estate localities like KPHB, Domalguda, Miyapur, Madhapur, and Manikonda. For the higher price segment, i.e. 11-15k monthly rental, one can look for an apartment in Nallaganda, Chand Nagar, Sanjeeva Readdy Nagar, Kondapur, Balanagar, and Upper Pally can be the fine options. For tenants who have been looking for a 2 BHK rent house in well-developed localities can choose from among NanakRam Guda, Sanath Nagar, Jubilee Hills, Madhapur, and Banjara Hills. Jubille Hills and Banjara Hills are the premiere localities and the average rental price for a two-room apartments can cost a tenant up to 25k.

The well-salaried tenants in Hyderabad prefer 2 BHK properties in localities that have good IT presence and well-developed infrastructure.

The Price Variation of Three-room Flats for Rent in the City of Bangalore

The residential properties in Bangalore are still undervalued if compared to other tier -I cities in India. Though the city excels in IT sector and has a good demand for residential and commercial properties, the city's realty prices are still not competitive enough. Bangalore is basically a buyer-driven city rather than that investor-driven. The rental rates too have not increased over years. Let's see what a 3 BHK flat costs in different localities of this electronic city.

Three-room flats for rent in Bangalore in the northern localities generally fall in 15k-60k price bracket. The starting prices at Hebbal, HBR Layout, Sanjay Nagar, and Yelahanka mostly stand at around 15-18k. AT RMV, Banaswadi, Jakkur, the starting prices are a bit higher: they are centered around 20k per month. RT Nagar, RMV, and Yelahanka have flats that can cost you somewhere near 40-80K. Let's compare it with South Bangalore locations. As southern part mainly comprises of IT-driven colonies, the demand for properties, and their rate are higher. At HSR Layout, you can find a 3 BHK in a broad range of 22k-1lakh.

Koramanagla is another plush locality of South Bangalore that carries high prices. A three-room flats here comes in 24-70k bracket. Other prime localities like JP Nagar, Bannerghatta Road, Kanakapura Road, Jayanagar, Electronic City, and BTM carry high price segments. At Banaswadi, BTM Layout, Jayanagar, the upper limit is usually centered around 40k.

Prices of real estate in Bangalore in central part are highest if compared to other areas. The rate for 3 BHK residential properties here starts from around 30k. A few of such localities are Ulsoor, St. John Road, Richmond Road, Benson Town, Frazer Town, Vasanthnagar. At Richmond Road, Levelle Road, Cubbon Road, Queens Road, and Commercial Street, you will find three-room flats at the starting rate of 40-50k. Higher rates are prevalent in Cambridge Layout, Cunningham Road, MG Road, Coles Road, Aga Abbas Ali Road, and Palace Road: for a 3 BHK, expect the prices up to 90k to 1 lac per month.

Makaan.com features 2, 3, 4, BHK flats for rent in Bangalore across different price rates. Search online to find quarterly changing price rates for real estate in Bangalore.

Localities in Chennai where 2 BHK Rent Houses are Available under 20k

Chennai, India's tier I city, offers too many options to property-hunters who are keen to live on a rental house. If you are a prospective tenants with a budget of monthly rent up to 20 k or less, you are at the disposal of many options. From a cheap locality like Orgadam to the prime location like Arumbakkam, you will find houses that cater to cheap, budget, and luxury homes. Let's peep into the areas where you can find a 2 BHK rent house in 5k-20k bracket.

If you are on the hunt of some two-room budget rent house in Chennai, you can go for Perungudi, Pallakaranai, Iyyppanthangal, Urapakkam, Vandalore, Sithalapakkam can be the best options. The starting rental prices in these areas are in 5-6k segment. Potheri and Anakapathur are other budget locations. For a little higher bracket, i.e. 7-10k bracket, tenants can choose Perungalathur, Cheomepet, Tambatam, Selaiyur, Avadi, Guduvancheri, Maddipakkam, Pallavaram, and Medavakkam. Chroemepet is a part of Tambaram and has a good connectivity. The well-known GST Road passes through it.

Velachery, a prime residential hub of South Chennai, carries the rental rates in 11-20k bracket. The locality is good if you prefer to live in a IT-driven area. And Velachery has a multitude of such companies. Some of the other areas where 2 BHK Chennai properties come in 11-20k rental range are Adyar, Perumbakkam, Tambaram, OMR, Aminjikarai, Padur, Padi, and Sholinganallur. Porur has 3 prominent SEZs and several IT Parks. You will find several tech companies like IBM, Cognizant, iGate, and others. Arumbakkam is yet another prime residential area where several IT companies have forayed. 2 BHK rent houses in Kilpauk and Mehta Nagar fall in the 12-15k segment.