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.