Being the Silicon Valley of India, Bangalore is one of the most well-liked locations in India for real estate investment. In recent years, the city has experienced a steady rise in real estate values as a result of its expanding economy, thriving IT industry, and several start-ups. During the past several years, Bangalore has experienced a tremendous increase in the demand for rental homes. The causes? rising home prices and a shifting labor market. While the former has made house ownership a dream for many, the latter prevents professionals from taking out a mortgage. There has also been a paradigm change in thinking. The societal necessity to own a home has long since passed. Many millennials today opt to rent a property because they want it to be nearer to their place of employment. The shift in mentality and the expansion of job opportunities have benefited investors seeking rental income.
For tenants seeking opulent residences close to IT parks, Whitefield, one of Bengaluru’s most significant neighborhoods, is a fantastic choice for apartment renting. There are a lot of employed persons in the neighborhood seeking houses with, on average, two bedrooms. Apartments for rent are widely available in Whitefield. One or two bedrooms are commonly available for rent.
One of Bengaluru’s newest real estate hotspots in Mahadevapura. Due to its proximity to several surrounding IT businesses, especially those located in the International Tech Park, and its accessibility through the Outer Ring Road and Bangalore’s Metro system, Mahadevapura might be a fantastic option for individuals seeking housing.
Yelahanka is a neighborhood in Bangalore where people may rent luxurious apartments. Apartments with two or three bedrooms make up the majority of the rental properties in the area. Yelahanka Township, which is renowned for being self-sufficient, has transformed through time from a rural area with limited development to a place with growing businesses and residential estates.
The famed Manyata Tech Park and Embassy Business Park are nearby, making Hebbal one of Bangalore’s main IT centers. Professionals and job seekers have several excellent options in this area because it is near Koramangala and the Karnataka Industrial Areas Development Board (KIADB) Industrial Area. The region has great access to the National Highway (NH) 7 in terms of connectivity. Hebbal is connected to other important cities including RT Nagar, Hennur, and Yelahanka by the Outer Ring Road (ORR). Hebbal is projected to be covered by the second phase of Namma Metro, which is now being built, and will likely improve the area’s connection even further in the future.
Significant business districts such as KR Puram, Ramamurthy Nagar, Banaswadi, Hebbal, and Kalyan Nagar surround the residential neighborhood of Horamavu. Horamavu is a well-liked location for persons engaged in the nearby commercial sectors due to its closeness to the MG Road and the Outer Ring Road.
Both longtime and recent residents of Bangalore enjoy Rajarajeshwari Nagar, which has several distinctive features in addition to the Rajarajeshwari Temple. Due to the growth of technology parks nearby, this neighborhood has a good rating & has become reasonably well known among IT employees searching for rental properties. As this is one of the locations with the most rental properties, if you are one of them, you will have a lot of possibilities for apartment renting.
One of Bangalore’s most well-known technological clusters, Electronic City, spans 332 acres in the villages of Konappana Agrahara and Doddathogur. It is divided into three areas known as phases. There are several technology companies, industrial facilities, and apartment complexes in Phases I & II. Electronic City is strategically located next to other important South Bengaluru neighborhoods including HSR Layout, Bommanahalli, Harlur, and Bommasandra Industrial Area. The area is a well-known residential area with a variety of multi-story apartment and villa complexes. This is also one of the best areas for apartment renting.
Bannerghatta Road is now one of the most significant major streets in the city. The IIM-B, HSBC, Honeywell, and Accenture are among the neighborhood’s best institutions, and despite its bad reputation for traffic, it is one of Bangalore’s most linked areas. In addition, it boasts several cozy hotels, shopping malls, educational institutions, medical facilities, and serviced residences. At Bannerghatta Road, you can readily reach the BMTC buses, which are a straightforward, trustworthy, and reasonably priced method to go throughout the city.
In South Bangalore, between Bannerghatta Road and Kanakapura Road, sits the exclusive neighborhood of JP Nagar. Jayanagar, Banashankari, Bannerghatta Road, and BTM Layout are the top residential neighborhoods nearby. 9 stages make up the 2,500 acres of land that makeup J P Nagar. Jp Nagar has some of the best localities for renting an apartment.
One of Bangalore’s biggest and greatest residential areas is Banashankari, which is located in the south of the city. Its name is BSK, and many out-of-town students, working professionals, and other executives call it home. They all share apartments. One of the main factors luring the working population to BSK is its closeness to the IT centers. The presence of commercial and recreational sectors in the region also contributes to an increase in the cost of real estate there.
In addition to the aforementioned, areas like Kadugodi, Budigere Cross, Bellandur, Marathahalli, HSR Layout and Thanisandra Road also provide a large selection of homes for rent around Rs 20,000 per month. These neighborhoods of Bangalore, which have a concentration of several IT/ITeS companies, are well-connected places, and they are well-liked by the tenant population. The city’s cosmopolitan way of life and lovely environment only serves to increase its attraction. If you’re looking to rent a home in Bangalore as well, take into account the areas indicated above.
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