Excellent
developmental scope and presence of physical infrastructure are the
prime reasons why Bangalore is one of the most preferred cities for
realty buyers. City's rental market too has performed nicely
over years. Demand for rental houses comes from both its local
population as well from the expatriates that migrate here on regular
basis. The city, unlike its northern counterparts, provides several
affordable options to its tenants. We are going to have a look into
the average rental rates of a two-room apartment in city across its
several localities.
For
a tenant looking for 2 BHK flats for rent in Bangalore,
there are a couple of options. While there are budget localities like
R.T. Nagar, Kundanhalli, Banashankari, J P Nagar, and Kammanhalli.
Across these, one can find a two room house with rental prices in
6-8k rental bracket. Likewise, localities including names like TC
Palya, K.R. Puram, Old Madras Road(OMR), Horamvu, Whitefield, and
Dinnur: the rates on lower side across these lie mostly in this
range.
For tenants who can pay monthly rental in 8-12k range, localities
like Lingrajapuram, Marathahalli, Babusapalaya, Hoysala,
Maleshpalaya, Yelahanka and Sahakar Nagar can be the apt choices. On
the similar lines, Padmanshala, Kodigehalle, HSR Layout, C.V. Raman
Nagar, Koramangala, Ganga Nagar, and Rammurthy Nagar carry similar
rental rates.
For
seekers of 2 BHK residential property in Bangalore,
the city offers better options in the form of some well-developed
localities. BTM Layout, Banaswadi, Anand Nagar, Bellandur,
Mahadevapura, Old Airport Road, Doodankunte, Jayanagar, Benson Town,
HMT Layout, and Jeevan Bima Nagar. Most of these have seen
flourishing of IT companies over years and are considered premier
areas for seekers of residential spaces.
Steadily improving connectivity and preference by High Net Worth
Individuals(HNIs) have done wonders for city's realty market. In
spite of affordable prices, the market for rental properties manages
to keep its head above water.
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