Rental Values of 3 BHK Residential Properties in Bangalore

Demand for rental properties in the Electronic City, Bangalore, remains steady, thanks to the good number of job opportunities created year after year. Presence of software sector, up-to-the-mark infrastructure, and good connectivity have remained the major contributing factors for steady progress of rental market. As far as price rates are concerned, they vary from region to region. This blog discusses about the average market rates for a three room residential apartment on rent.

Central Bangalore is one of the most expensive regions and a 3 BHK apartments for rent in Bangalore can cost anywhere in Rs. 25000 and 1 lakh. For the tenants seeking three bedroom flats in localities like Benson Town, Frazer Town, Richmond Town, Indira Nagar, St. John Road may need to pay monthly rental in 25-30 k bracket (starting rates). Over Levelle Road, Vasanth nagar, Commercial Street, Queens Road, and Cook Town, the starting prices are concentrated around 35-45k/month. Still higher rates are prevalent in Palace Road, Coles Road, Aga Abbas Ali Road, MG Road, Cambridge Layout: a three room apartment can cost a tenant around 60-90k/month.

A tenant looking for three room flats in East Bangalore has several options. Whitefield, Maratahahalli, and Horamvu are the budget localities. A three room apartment across these may cost a tenant a monthly rent in 9-12k range. Residential properties in Bangalore across Mahadevapura, , Sarajapur Road, Doddankunte, Thippasandra, ITPL, HBR Layout, and OMR (Old Madras Road) are available at monthly rental lying in 15-20k range. 3 BHK properties at Indira Nagar, AECS layout, and Kundanahalli come at higher monthly rentals.

South Bangalore houses some well-known localities such as Whitefield, Jayanagar, JP Nagar, Banasahanakri, Hosur Road, and others. Tenants can avail three room apartments in 10k-1 lakh bracket. For 10-15k rental, the apt localities are JP Nagar, Electronic City, BTM Layout, Hosur Road, and BTM. Rents in 15-20k are prevalent over Jayanagar, HSR Layout, and Koramangala.

Price Variations of Properties in Bangalore’s Four-Room Apartments

Realty market of Bangalore, a tier-I city of India, is under constant pressure, from several months now. The news of creation of a separate Telangana spread like fire and created a frenzy among buyers as well as developers. No one is absolutely certain about city’s future in terms of real estate. Unexpectedly, a spike in property market was observed recently. The investors who were, earlier ,wary of jumping into the market, are still doing a wily-nilly. It is clear that they do not want to burn their hands in fire and are playing safe. Contrarily, the demand for budget properties has not gone down too much. This blog lets you know about the current price trends for a four-room apartment in city’s different parts.

 

The starting range, i.e. 30-60 lakhs bracket for 4 room apartments for rent in Bangalore, is applicable in localities like Peenya, Jalahalli, Sahakar nagar, R.T. Nagar, Off Hosur Road, Yelahanka, and Sarjapur. The average per square feet(psf) rate varies in these areas in 2000-4000/- bracket. At Sarjapur and Yelahanka, however, the upper limit of such flats can go up to 2.5 crore, and the psf rate can cross Rs. 6000/-. In the next gamut, i.e. from 60 lakhs onward and up to 1.5 crore, come a plethora of areas. The psf rate in them fluctuates anywhere between Rs. 4000/- and 17000/ sq ft. A few of such areas are Mathikere, Hebbal, Benson Town, Silk Board, Whitefield, Bannerghatta Road, Thanisandra, Kanakapura Road, and Hennur Road. Most of these are high-end colonies with excellent infrastructure, promising employment opportunities, and well-developed software sector.

In 1.5-2.5 crore segment, one can find 4 BHK apartments for properties in Bangalore at Outer Ring Road(ORR), HRBR Layout, Banashankari, Malleshwaram, Jakkur, and Old Airport Road. For beyond 2.5 cr. value, one can find good flats at Bellari Road(5 cr), Koramangala(6.5 cr), Levelle Road (7.5 cr), Daily Circle (3.7 cr), Jayanagar (2.8 cr). The psf can cross 2100/ sq. ft. at some of them. At Arekere and Cunningham Road too, the apartments are quite pricey.

 

Buy, sell, and hire on rent apartments in Bangalore over real estate website, Makaan.com. Search properties of different types for Bangalore real estate and locate the best ones for you.

Houses for Rent in Bangalore: A Cost-Effctive Option

Looking out for flats for rent in the city of Bangalore? Well, there are numerous options available, not only in terms of location and price range, but also by residential type, number of bedrooms, and age of the property. Being a metropolitan city, there is no dearth of rental houses scattred in almost all its parts. Depending upon where do you prefer it and what cost you are willing to spend, you can search the properties online.

You can find house for rent in Bangalore in the localities like Marathahalli, Electronic City, Koramangla, Whitefield, J.P. Nagar, Sarjapur Road, and others-you must look out for the most feasible option- the one that is available in the area you prefer and does not go too heavy on your purse. But as a very first step, decide what type of house you want on rent: whether it is a single apartment that would go as per your needs, an independent house/villa, a farm house, a service apartment or an independent floor? Be very clear about your budget and search accordingly.

Houses as small as 1-BHK and as spacious as 5-BHK, and even bigger than that, can be rented at your disposal in the city of Bangalore. And as per your requirements, these come as unfurnished, semi-furnished, and fully-furnished types. Then, depending upon how old a rental house you prefer, you can narrow down your search. Flats, decades old, or relatively new, or under construction are available to choose from. Buyers can also go for rented houses that have come into existence only recently and are ready-to-move-in.

There is a broad price-range that is getatable for the buyers of all types: rentals beginning at a few thousands and going all the way upto lacs, thus fitting the budgets of almost everyone. As far as rate per sqaure feet is concerned, it is open for negotiation. You can strike a deal with the owner/landlord and fix the price that seems befitting to both the parties.

For those who are looking out for sumptuousness flats for rent in Bangalore, there are pretty good choices for that too. You can make a search depending upon the amenities provided: sophisticated designs, plush interiors, strategic location, availability of malls, swimming pools, clubs, gyms, and parks nearby. A few of you may be very cautious about the facing of the apartments: the rental properties available in Bangalore have been built in compliance to Vaastu rules.

To have a first-hand information about rental properties available in Bangalore real estate, you can browse www.makaan.com and make a choice that seems best for you.