Monthly Archives: February 2014

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.

2 Room Rent House in Hyderabad Properties across Variable Price Brackets

Hyderabad, or Cyberabad as it is commonly called, is the nerve center of plenteous of IT/ITeS firms. This global information technology center attracts a large number of expatriates every year. The affordable realty rates, high rate of employment, and stronghold over IT are the prime reasons why the city witnesses these expatriates every year. To fill the demand for residential requirements of its local population as well as people who have migrated here, the city offers a large number of options across its different localities.

Properties in Hyderabad are highly unde rvalued, if compared to other metros like Mumbai, and Delhi NCR. Accordingly, the rate of a rent house in Hyderabad is far below as is prevalent in other cities. In this blog, we are going to have a look on the prices of a 2 BHK flat in its various localities. In well-developed areas like Madhapur and Banjara Hills, the tenants can expect a low rate: 1.2k-3k for a 2 bedroom flat. Banjara Hills is a prime locality and you will see rent houses with price going as high as 30 k, or higher than that.

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In 6-8k range, tenants can make search in localities like Miyapur, Jubilee Hills, KPHB, Bowanpally, Mehdipatnam, and Madinaguda. The other good options that Hyderabad properties offers includes names like Hydersha Court, Vamasthali Puram, Uppal Mandal, Malkagiri, Dilsukhnagar, Puppalguda, and BandlaGuda Jagir. Across 9-12k rental bracket come localities including Domalguda, Somajiguda, Kondappur, Hi-Tech City, and Gachibowli. The last three have several IT companies and are highly preferred by tenants.

Over A. S. Rao Nagar, Chand Nagar, Nallaganda, Lakdi Ka Pul, and BandkaGuda Jagir have rent houses with higher rates. i.e. the starting prices in 13-15k range. At Miyapur, Hi-Tech City, and Gachibolwli, tenants would find 2 BHK apartments with monthly rental up to 30k.

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.

 Residential properties in Bangalore

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.

Hydrabad real estate

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.

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.