While Bangalore is a well-known IT hub for years, it has also become a rental hotspot as every year many professionals flock to the city to have better future prospects. According to a latest data, the city’s rental market continued to show a surge, witnessing an increase of 4% YoY in average weighted rental prices.
Enhanced metro connectivity alongside major commercial sectors has also fuelled up rentals across many localities. Take a look at some of the preferred rental localities in Bangalore:
Located in the north-eastern part of Bangalore, Ramamurthy Nagar is a rapidly growing suburb, adjacent to other areas such as Banaswadi, CV Raman Nagar and Krishnarajapuram. The locality is near to outer ring road and close to four important railway stations, Krishnarajapuram, Baiyappanahalli, Banaswadi and B. Channasandra. The area is also home to many popular schools, hospitals and entertainment, and recreation centres.
A 2 BHK apartment here rents for Rs 9000 per month; on the other hand, a 3BHK starts from Rs 14,000 per month.
With the IT boom, Whitefield has emerged as a major suburb of Bangalore. It is a major part of Greater Bangalore and is a haven for multinational information technology companies. The locality has seen a 6% hike, YoY on rental values. The locality enjoys seamless connectivity through two major four-lane roads connecting Bangalore city with Whitefield — Whitefield road via Mahadevapura and Varthur road (HAL Old Airport Road) via Marathahalli.
Recreation centres like Forum Neighborhood Mall, Phoenix Market City, Park Square Mall, Inorbit Mall and entertainment centres like IONA Entertainment are located in the Whitefield area. Metro connectivity is also on the cards and is expected to cater to Whitefield under Phase 2.
A 2 BHK apartment here rents for Rs 12000 per month; on the other hand, a 3BHK starts from Rs 19,000 per month.
A prominent satellite town of Bangalore is older than the main city and is today one of the best residential hubs. The city has an excellent connectivity via road, rail, and air. The road network to Yelahanka is one of the best in entire Bangalore. Kempegowda International Airport is located off Yelahanka. National Highway 7 (North-South Corridor) also passes through Yelahanka.
Many renowned educational institutions are also present in this locality Yelahanka is also known for the presence of an Air Force Station and a defence airport situated on NH7. The area has seen a 6% hike, YoY on rental values.
A 2 BHK apartment here rents for Rs 13000 per month; on the other hand, a 3BHK starts from Rs 16,000 per month.
A new suburb of Bangalore, located near DRDO Township in CV Raman Nagar. The locality is one of the fastest developing residential areas with more than 500 apartment complexes. It is about 4 km from Indiranagar and old (HAL) Airport Road. It is close to KR Puram Railway Station and the Baiyppanahalli metro station is less than 5 km from the locality.
The area saw a 7% hike, YoY on rental values. A 2 BHK apartment here rents for Rs 13000 per month; on the other hand, a 3BHK starts from Rs 21,000 per month.
The locality is a suburb in south-east Bangalore and is bounded by HSR Layout to the west, Devarabisanahalli to the east, Sarjapur Road to the south, and the Bellandur Lake to the north. The Outer Ring Road passes through Bellandur, making this area an important transit point between east and south Bangalore. As a result of IT book, the area saw a surge of 8% YoY on rental values.
A 2 BHK apartment here rents for Rs 20000 per month; on the other hand, a 3BHK starts from Rs 25,000 per month.