How a Three Room Rent House Fares in Real Estate Bangalore

At a time when prices are witnessing year-on-year appreciation in metropolitan cities, the rates in the Electronic City of India, Bangalore have not appreciated too much. Given the fact that this city has a stronghold over IT sector and has excellent infrastructural facilities, the prices failed to see any rise over past several years. Bangalore’s market is largely buyer- friendly. As far as rental rates are concerned, these too are affordable for most tenants. In this blog post, we are going to see how a three-room apartment fares in terms of rental rates.

A typical three-room house for rent in Bangalore in the northern localities generally falls in 15k-60k price brackets. The starting prices at Hebbal, HBR Layout, Sanjay Nagar, and Yelahanka mostly stand at around 15-18k. AT RMV, Banaswadi, Jakkur, the starting prices are a bit higher: they are centered on 20k per month. RT Nagar, RMV, and Yelahanka have flats that can cost you somewhere near 40-80K. Let’s compare it with South Bangalore locations. As southern part mainly comprises of IT-driven colonies, the demand for properties, and their rate are higher. At HSR Layout, you can find a 3 BHK in a broad range of 22k-1lakh.

 

Koramanagla is another plush locality of South Bangalore that carries high prices. A three-room flats here comes in 24-70k bracket. Other prime localities like JP Nagar, Bannerghatta Road, Kanakapura Road, Jayanagar, Electronic City, and BTM carry high price segments. At Banaswadi, BTM Layout, Jayanagar, the upper limit is usually centered on 40k.

Prices trends of real estate Bangalore in central part are highest if compared to other areas. The rate for 3 BHK residential properties here starts from around 30k. A few of such localities are Ulsoor, St. John Road, Richmond Road, Benson Town, Frazer Town, Vasanthnagar. At Richmond Road, Levelle Road, Cubbon Road, Queens Road, and Commercial Street, you will find three-room flats at the starting rate of 40-50k. Higher rates are prevalent in Cambridge Layout, Cunningham Road, MG Road, Coles Road, Aga Abbas Ali Road, and Palace Road: for a 3 BHK, expect the prices up to 90k to 1 lac per month.

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.

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.

 

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.

Price Variation of Property in Bangalore for a 4 BHK House for Rent

The Electronic City Bangalore has a well-developed IT infrastructure ,which calls for new residential and commercial prices. A big population of the city prefers to live on rent houses, as it is one of the sustainable options for the lower and the middle segments. Add to this the demand for rental spaces by the expatriates who arrive here in large numbers every single year. Mostly the demand for rent houses is highly towards 1, 2 or 3 BHKs, but for big families, 4 or more rooms may be required. For the expatriates too, who prefer to live by sharing the apartments, 4 BHKs are a good option. The rates for such homes varies from one locality to the other. Let’s see the price varies from place to place within the city.

Let’s start from the affordable options available. In 18-30k range, the localities worth mentioning are Bannerghatta Road, Marathahalli, Telahanka, Dollar’s Colony, R.T. Nagar, and Sanjay Nagar. The other options where 4 room house for rent in Bangalore are available below 30k/month include the names like RMV, HSR Layout, Jayanagar, Bellandar, Austin Town, and K.R. Puram. The prices mentioned are the starting rates that each locality carries. The upper limit, in most of these, goes beyond one lac.

 

In 30-70k range, the ideal colonies that offer 4 BHKs on rent are OMR Layout, Sarjapur Road, BTM Layout, Jakaur, Hennur Road, Hebbal, Whitefield, Banashankari, and Gnan Bharti. Property in Bangalore where the four-room rental houses are available in 70-90 k bracket are Nagavara, St. John Road, MG Road, Ulsoor, Domlur, Benson Town, Aga Abbas Ali Road, and Palace Road. For higher rates, i.e. touching one lac or above, the ideal areas are Devanhalli, ORR (Outer Ring Road), International Airport Road, Jaya Mahal, Basavnagar, Sadashiv, HBR Layout, Brookfiled, Malleswaram, Koramangala, and Indira Nagar.

Makaan.com, the leading property portal, lets the users search house for rent in Bangalore, Hyderabad, Chennai, and other cities. The portal also lets the user know about the prices for property in Bangalore, on a quarter to quarter basis.

Where can you find 4 and 5 BHK Rent House in Bangalore?

The demand for 4 and 5 BHK flats on rent is not very high in Bangalore, yet inquiries do come for such residential spaces. Those who have big families and do not prefer to buy a house of their own, find rental spaces affordable to stay at,The monthly rates for such properties are higher: they usually vary between 20k to 75k. The multiple rooms, i.e. more than 3, are usually rare in Bangalore, so developers do not show show much enthusiasm. Here we are going to throw some light on such localities.

First consider the city center. Here, the probability of finding a 5 BHK rental spaces is only little. But for the seekers of 4 BHK house for rent in Bangalore, micro-markets like Austin Town, Palace Road, Levelle Road, Benson Town Aga Abbas Ali Road, MG Road, and Ulsoor form the best options. The rental rates per month is exclusively high, with the exception of one or two localities. The tenants seeking 4 bedroom rental apartments in the city center need to pay anywhere around 70k and 1.25 lacs. Here, the psf (per square feet) rate averages to Rs. 35/ -.

 

Talking about East Bangalore, there are fewer options for tenants in this part of the city. At Marathahalli, the rental rate varies between 23k and 75 k. At others like Whitefield, Sarjapur, and ORR (Outer Ring Road), the monthly rates lie in 75k and 2 lac range. This is not surprising, as most of these localities are well-developed with excellent infrastructure and well-established corporate sector. And at Sarjapur and ORRR, one can expect 5 BHK flats too. Next, we consider Bangalore real estate in North. Here, tenants are at the disposable of too many options; the reason being a flexible rental range present. For instance, a four bedroom flat in RMV, RT Nagar, Yelahanka, and Sanjay Nagar have 4 BHKS at monthly rentals below 30 lacs.

In South, four-room houses carry the price tag between 25 k and 75 k, though higher rentals are also present in some colonies. JP Nagar, Koramangla, HSR Layout, Rajrajeshwari Nagar, and Jayanagar offer such apartments.

Look for a house for rent in Bangalore over property website, Makaan.com. This leading realty site offers flats, bungalows, and villas to buy or sell. Get to know the ongoing price trends for properties Bangalore and other cities PAN India.

Bangalore Properties Emerging Out as a Resilient Force in Realty Market

Bangalore, the city known for its stronghold over IT/ITeS sector, does not seem to be effected too much by the slowdown in realty market. While the other tier-1 cities are facing massive slack off in their residential and commercial real estate, the electronic city has proved itself resilient. Though the property prices had been almost stagnant for many years, in 2013, they exhibited a marginal appreciation. This can be seen as a positive trend, for, in the coming months, this can alter the entire scenario of the property market here.

 

A typical house in Bangalore saw the launching of 20 novel projects in Q2, out of which only 8 were absorbed. The CBD and western parts had to meet with limited land availability. So, real estate could not see much growth in these sectors. Contrarily, North and North East are performing well enough. The northern region saw the proliferation of residential flats in Bangalore, to meet the demand in an area like Hebbal. With the coming of International Airport, the localities situated to the north shall have the strategic advantage. The area has already witnessed an increase in demand for residential spaces.

 

Towards the East too, the demand has remained an all-time high, thanks to the micro markets like Whitefield, Marathalli, Koramangala, and Horamvu. These localities largely run on the considerable development of their IT industries. The existing metro lines in this region has further given an impetus to the demand and in turn, to the Bangalore properties. The proposed metro line in the West and Center is expected to bring about only the best out of these markets.

 

Another distinguishing feature that makes this metropolitan stand apart from other cities is the tremendous interest of investors, both local and NRIs, into the property. In spite of the slowdown that the Indian economy is going through, Bangalore’s real estate has come out as one of the resilient economies . Due to this, the recession hasn’t affected it much.

 

Look for properties, both residential and commercial, over Makaan.com, the leading real estate website in India. Keep yourself apprised of the ongoing price trends for Bangalore properties. Locate a house for rent in Bangalore that lies within your budget and is situated in the areas preferred by you.

 

Bangalore Offering Innumerable Options Available to Tenants for Hiring a House for Rent

The demand for rental properties in Bangalore, as in any other metropolitan city of India, is quiet high. The high frequency of relocation of people from other cities to Bangalore, the relatively lower rental rates, and the excellent infrastructure are the prime reasons that this electronic city is one of the most preferred places for professional-class and people with lower & middle income segments. Let’s us compare the the rental rate of a 2 BHK apartment in different parts of the city.

 

A tenant can look for rental localities in North Bangalore with plentiful options at his hand. The rates for a 2 BHK varies between 6k-25k per month. The budget house for rent in Bangalore can be expected at Doddabommasandra, RT Nagar, and Ganganagar: the rentals as low as 6k are available in these areas. Hebbal, Yelahanka, Vishwanath Nagenhalli and Naga Vara too offer cut-rate rental hoses. At Anand Nagar, Dollar Colony, and Bellari Road, however, the the price rates are higher.

 

A house for rent in Bangalore in the central region offers too many options for tenants. In micro-markets like Benson Town, Frazer Town, Cook town, Coles Road, Jayamahal, Majestic, and Ulsoor, the rental rates are available in the range 20-30k per month. Higher rates of rental properties in Bangalore can be expected in Vasanth Nagar, MG Road, Indira Nagar, Cunnigham Road, and Langford Town. In Vasanth Nagar, the rate of a 2 BHK can be as high as 50k. Tenants seeking flats below 20k can look for houses in Indira nagar (where he can find an unfurnished 2 BHK at 4k), and Wilson Garden.

 

Talking of south, the rates here generally vary between 8k and 27k. Localities like Electronic City, BTM Layout, JP Nagar, and Bannerghata offer flexible options: variable rates are available in these areas, thus catering to the demand of all types of tenants. Koramangla, Jayanagar, HSR Layout are some of the costliest micro-markets that forms part of South Bangalore.

 

Towards the eastern side, most of the two-room flats are available in the rental range of 15-22k. The areas include Whitefield, Sarjapur Road, Kundanahalli, Hoodi Village, Marthahalli, Doddanakunte, Murugeshpalya, and Kasturi Nagar. The cheaper rental house in Bangalore, in this particular region, can be expected at Mahadevpura, Varayanapura, Narayanapura and Sarjapur Road.

 

And finally, we talk about the West Bangalore. At localities like Ullal, Basaveshwara Nagar, Nagarbhavi, Rajrajeshwaeri Nagar, RPC Layout, and Kengeri, the 2 BHK flats within the range 12-15k can be hired on rent. Vijay Nagar and Bharat Nagar, however, are the posh localities: here you will see some of the highest rental prices for properties in Bangalore.

House for Rent Backed by Infrastructural Developments in Bangalore Real Estate

The rental properties in Bangalore have got an excellent push by the major infrastructural developments in the city. The tremendous progress made by the city’s framework has affected the demand for a house for rent in Bangalore. This demand is expected to rise further, as and when these prestigious projects see the light of the day. With the burgeoning demand, the rates for rental too are expected to see an accretion. The city sees an exodus of population from the cities like Delhi and Mumbai. To cater to their accommodation needs and the growing preference of people to live in rental houses, the city is undergoing metamorphosis in terms of expressways, roads, international centers, and metros.

 

The development of integrated projects and the floating of high-end projects by major developers are the other factors that are going to change the shape of real estate in the city. The commercial developments like Bangalore International Center and Bridge Gateway Project shall herald a new era in the field of residential market. Along the areas covered by them, a huge growth of real estate in Bangalore is expected, which, in turn, shall help the furtherance of the rental market. The phase 1 and 2 of the upcoming Metro Rail comprises of East-West and North-South Corridors. The plush localities like Whitefield, Bannerghatta, and Tumkur Road shall flourish in terms of both residential as well as commercial markets in the city.

 

As far the rental rates in 2013 are concerned, many localities have seen a rise. Areas like M G Road, Koramangla, Old Airport Road, Thanisandra, Kundalahalli, HSR Layout, Hoodi, and Infantry Road have seen an appreciation in the rental rates, in the first quarter of the year. So, a house for rent in Bangalore in these localities shall now come at higher rates. On the other hand, in C V Nagar, Cunningham Road, Electronic City, Indira Nagar, and K R Puram, the rates have come down.

 

One of the infrastructural projects that shall have far-reaching consequences, and positive, for that matter, is Mumbai Bangalore Industrial Corridor. Built along Tumkur Road, the project has expectations to garner high demand for Bangalore real estate. With this, the rental spaces shall too proliferate in the area. Then there is Bangalore Mysore International Center (BMIC), which is intended to connect two cities, and cover several important cities along the way, including Kengeri, Ram Nagar, Mandya, and Maddur. With this too, the call for rented apartments in Bangalore shall find a big boost.

House for Rent in Bangalore: Costing you an Arm and Leg

It has always been like that: you relocate from one state to the other and start looking for residential properties. Well, buying won’t be an advisable option, given that purchasing can cost you your entire life saving. Plus, if you are not going to stay at that place for too long, what is the point of spending so much? Hiring a property on rent is a far better idea. It not only gives you flexibility to move about freely, but is also cost-effective. And if the city to where you are relocating is Bangalore, then renting is a better option. But the thing is that a house for rent in Bangalore is also available after you paying a pretty good money every month.

With the increase in prices of the residential properties, the rental prices too have soared, actually soared quiet high. A 2 BHk house can cost you anywhere between 15000 and 2,00000! And that does not end here… The deposits that you need to pay for 6-12 months can really cost you heavy on your purse. Take an example: a semi-furnished, 2000 sq. ft 3-BHK apartment on rent in Bangalore, Indiranagar is available at 55k, along with the 5 lakh deposit! And that too with only basic amenities. Ah! Only if a piece of land could be somewhat cheaper.

As we are talking of real estate Bangalore, let’s have a peep into what’s going on in terms of rental rates in a few localities there. The per sq. ft rent in the city has got an appreciation of about 3% in past one year. In August, the psf rate has been calculated as Rs. 15.13/ sq. ft. In Whitefield, the IT hub, it stands at Rs. 16.14, an increase of about 2% from previous year. In Indiranagar, though the rates have depreciated by 10% over past 12 months, still the rental rate here is about 18/ sq. ft. At Jayanagar too, the value is almost the same. J.P. Nagar has somewhat lesser psf value, it being 14.

Similar scenario is there for areas like Old Madras Road, HSR, Old Airport Road, and Mahadevpura. The rental range lies between 15-17/ sq. ft in these areas. To look for an affordable house on rent in Bangalore, you must look for the areas that are far from center city, but at the cost of reduced connectivity.

Search properties to buy or rent at Makaan.com, India’s leading portal listing residential and commercial spaces. Look for individual rooms, independent houses, plots, and office spaces, at the price rates that suit your budget.

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.