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Rental Property in Bangalore

The rental market in Bangalore is one of the fastest in India and experts say because of the high priced ownership homes are not affordable to many. The middle-income group is increasingly opting for rental property in Bangalore, that is available easily and are within budget. There is a wide variety of rental homes in Bangalore that is available to every class of people. Known as the ‘Silicon Valley’ of India, Bangalore is the technology-hub with a strong infrastructure for both residential and commercial purpose. This has further given an impetus to the people who have relocated to Bangalore either for professional reasons or for pursuing higher education. For this crowd as well, the houses on rent in Bangalore are in demand throughout the city limits and also in the outskirts where the prices of homes tend to be lower. 

 
Like many other cities in India, Bangalore too has a vibrant commercial market that is expected to expand more in the next five years. This expansion is not without the provision of commercial rental property in Bangalore that is so much in demand among those businessmen who want to start it small. The retail outlets, gadget shops, and even departmental stores are located on prime locations but are properties on rent. 
 

Rental market in Bangalore

 
The real estate bubble that the city has been observing for the past few years on account of the booming IT sector now seems to be burst out, as a fall of about 30 per cent has been recorded in the real estate prices during the year 2007. Moreover in the recessional period also the value of homes fell to a great extent encouraging the growth in rental market. Most homes became affordable with As a result, it becomes even cheaper to rent houses in Bangalore.
 
The areas around the Electronic City though have few residential complexes are fast developing. Many tech-professional migrating to Bangalore are willing to rent or take a home on lease for a year or two before they actually decide to own a home. They are expensive ones compared to the 2BHK apartments with 650 square feet in Hennur Cross region priced at Rs 4,500- Rs 9,500. This area also has a great location; it is just around 8 kms from Krishnarajapuram Station in Bangalore. The rental property in Bangalore located on MG Road, Brigade Road, Church Street, and Indiranagar are priced high. The minimum rate for 2 BHK apartments would not be less that Rs 7,500 and the maximum is around Rs 40,000!!
 

Rental rates in Bangalore

 
The prices of rental homes in Bangalore depend on the facilities, amenities, proximity to the main commercial centers, and the type of homes that one chooses.
 
Rental property zones in Bangalore Prices
South Rs 9,000-Rs25,000
Central Rs 15,000 onwards for 3BHK flats
East Rs 12,000 onwards for 3BHK flats
West Around Rs 5,000 onwards for 2 BHK flats