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There are a number of residential areas in South Bangalore that has always been
largely a residential sector. There are a few localities that are always in demand as far
as rental properties are concerned.
Here is a look at such popular localities and what makes them beneficial for rental
prospects.
Jayanagar:
What makes it famous?
This is mainly a residential sector of Bangalore and is divided into 10 blocks. It is one
of the city’s earliest planned residential sector. Jayanagar has managed to hold a
significant portion of its green cover and you will find numerous parks and gardens in
the locality.
It is home to some of South Bangalore’s elite and you will find stunning residential
homes here.
Why rent here?
There are several projects ranging from a mid-to-upper range of apartments by both
branded as well as small builders. Several independent homes have additional floors
built to cash in on the possible rental opportunities they have.
For 2BHK, the average rental prices here start at Rs 15,000. Depending on the size of
the home and its location in Jayanagar, this varies.
What does it offer?
Jayanagar is quite self-sufficient and has the massive 4th block market that meets
every kind of home need conceivable. As with famous restaurant chains, a number of
good schools, colleges, and large hospitals.
The Central Mall in JP Nagar, as well as Garuda Mall in neighboring Tilaknagar, serve as
entertainment spots.
Banashankari:
What makes it famous?
This is the largest locality in the city and is spread over 6 phases. It is well connected
to Kanakpura Road, Mysore Road, Rajarajeshwari Nagar, and several other areas that
are home to companies with a large number of employees.
Banashankari, over the years, has developed in parallel with Jayanagar and a number
of working people find it a convenient place to live, especially if they work in the Global
Tech Village on Kanakpura Road, in Electronic City, or even in Jayanagar and
Koramangala.
Why rent here?
There are several branded as well as small, mid-size builder apartments available here.
More popular are individual homes that built especially for rent purposes on each floor.
What does it offer?
The area, much like Jayanagar, is quite self-sufficient as far as daily requirements for
family and home are concerned. With Jayanagar in close proximity, it takes care of
almost everything. Depending on where your home is located, rentals in the area are
spread over a wide range. A 2BHK will range between Rs 14,000 to Rs 17,000 on
average.
Basavangudi:
What makes it famous?
Basavangudi is a residential settlement, located in South Bangalore. This area is one of
the oldest localities in Bengaluru. Nearby localities to this area are Mohammedan
Block, Gandhibazar, and Davangere road.
Why rent here?
The area houses independent houses, villas from reputed builders. Some of the key
projects are Concorde Luxepolis, A few honest word, Sovereign Park Apartments,
Brigade Vintage etc.
What does it offer?
Basavangudi has good connectivity to other parts of Bengaluru via Kengeri Road and
DVG road. This locality is home to numerous educational institutes like Gokhale
Institute of Public Affairs, The Indian Institute of World Culture, B.M.S. College of
Engineering and National College, are located in this area. Famous Medical institutions
in the locality are The Victoria hospital, Sri Balaji Hospital, and ESIC Hospital. Beautiful
shopping malls & Gandhi Bazaar still continues to be a busy marketplace, crowded with
countless shops and street vendors.
For 2BHK, the average rental prices here start at Rs 20,000. Depending on the size of
the home and its location in Basavangudi, this varies.
Kanakapura Road:
What makes it famous?
A natural flow of development in the Jayanagar and Banashankari sectors saw the rise
of Kanakpura Road with its promise of large stretches of land.
Why rent here?
While the outskirts of the area were picked up for the construction of farmhouses,
mostly second homes for people in the city, sites here have been picked up by various
branded real estate names, and large apartment complexes are being developed.
Names such as Mantri Group, Brigade Group, Gokulam, and more already have a
presence here. With Metro construction in full swing here, this area continues to be
well sought after.
South Bangalore offers a wide range of rental opportunities for people looking for a
good locality to live in. While these are the most popular localities, there are several
more that have emerged around these areas that are in demand as well.
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