Bangalore is one of the fastest growing cities as employment opportunities are huge and a lot of people are looking to relocate to the city for making the best of these opportunities. The demand for rental properties is quite high in the city. However, there are a few localities that stand above the others when it comes to rental property demands. For instance, Koramangala, HSR Layout and Indiranagar receive a significant proportion of demand from the migrating population. These localities not only receive the highest demand from property renters but also have a lot of properties available for renting. These three layouts have been discussed below:
The residential properties available in HSR Layout are a mix and they include residential houses, multi-storeyed apartments and builder floor flats. There are more than 300 residential units that can be rented in HSR Layout.
You can find house apartments for rent Bangalore in the form of 1, 2 and 3 BHK units in HSR Layout, which are sized between 500 and 2000 sq. ft. For a 1 BHK apartment which measures 500 sq. ft. to 700 sq. ft., you have to pay around Rs 12000 to Rs 18000 in a month. For 2BHK apartments on rent which cover carpet areas of 1050 sq. ft. to 1350 sq. ft., you have to pay around Rs 18000 to Rs 28000 in a month. For 3BHK houses which cover an area between 1500 sq. ft. and 2000 sq. ft. or more, you have to pay around Rs 25,000 to Rs 35,000 in a month.
The localities have quite a few educational institutions and colleges which is why it is much preferred for rental accommodations. Students usually look for 2or 1 BHK properties for rent as they can be maintained quite easily and are much affordable. From health care facilities to grocery shopping and banking amenities, everything can be accessed from here. The locality is quite suitable for IT professionals as well as Marathahalli is around 8kms from here, Electronic City is around 7 kms, Koramangala is around 6kms and the corporate office of Wipro in Sarjapur is around 6kms. HSR Layout has managed to maintain its position as one of the top localities preferred for houses apartment for rent Bangalore.
Koramangala is a locality for the upper middle class for renting. Those who want to live in posh localities but cannot buy one are usually the ones fuelling rental market in this neighbourhood. There are more than 320 houses apartments for rent Bangalore available in this locality.
You can find 1BHK apartments which measure 500 to 800 sq. ft. within rent of Rs 15,000 to Rs 20,000 in a month. Those looking for 2BHK properties can settle for the ones which measure 1200 to 1500 sq. ft. They command a rental rate of Rs 25,000 to Rs 40,000 in a month. You can also rent 3BHK properties which measure 1600 sq. ft. to 2100 sq. ft. or more at a monthly rental rate of Rs 30,000 to Rs 70,000. The area is located close to IT hubs and it is well connected to other office areas as well which is what is fuelling the rental bazaar in this neighbourhood. There are many software firms located here which is why it is a demanded residential destination for corporate professionals and IT employees. The preference for houses apartments for rent Bangalore in Koramangala is also triggered by the Namma Metro Station’s presence in Jayanagar, which is only 6kms away from here.
It is the second highest preferred area in the city for the purpose of renting residential accommodations.
This neighbourhood is a complete layout of residences with serene and peaceful ambience. It is an older locality that offers premium tag. There are more than 160 houses apartments for rent Bangalore available in this area, waiting to be leased out. Indiranagar usually offers 3 and 2BHK properties, which are sized between 1200 sq. ft. and 2000 sq. ft. A 2BHK property can be rented for Rs 22000 to Rs 28000 in a month while 3BHK properties command a premium price of Rs 30,000 to Rs 60000 in a month.
Even though fewer in numbers, prospective renters are offered the options of 1BHK properties measuring 500 to 800 sq. ft. and 4BHK properties that measure between 2800 and 4000 sq. ft. to choose from. To rent a 1BHK property you have to shell out Rs 15,000 to Rs 18,000 in a month while for 4BHK properties, you have to spend Rs 60000 to Rs 1 lakh in a month as rent or more. The area is close to other important zones such as Brigade Road, Koramangala, MG Road and the likes and it has an inspirational value associated with it which is unparalleled.
Indiranagar is near quite a few IT clusters such as Bagmane Tech Park, EMC2, EGL and Embassy Tech Park. The demand generated by professionals who work here fuels the area’s rental market. As numerous lifestyle outlets are available here and the metro goes through the locality, commuter can read Brigade Road or MG Road in less than 10 minutes. The strategic location offered by Indiranagar goes on to keep the neighbourhood attractive for those home seekers who want to rent an apartment.
A lot of lifestyle stores, large shopping malls, supermarkets, popular ATMs and restaurants are here which service the Indiranagar’s residents. The locality is on the third spot out of ten of the most preferred neighbourhoods in Bangalore for the purpose of renting.
If you are looking for good rental properties then you should go online on classifieds websites to come by appropriate listings in different neighbourhoods of Bangalore. In a city like Bangalore where traffic can come to standstill for some time, it would be best to opt for houses apartments for rent Bangalore because commuting would be easier. There are quite a few properties available in IT hubs such as Marathahalli, Bannerghatta Road and Hosur which cater to the demands of employees of IT companies by offering affordable accommodations.