Rental Price Trends in Bangalore

Bangalore has seen crazy demand like never before in the recent times. The inclusion of different builders and developers to the existing builder group is because of the growing demand. Property prices have seen its highs to such an extent wherein people have started to believe that their dream of owning a residential property will remain a distant dream.

Bangalore as a city is loved by one and all; it is one city that people would love to revisit. This is primarily because of the development in recent times. Not only has the housing sector experienced development, the industrial segment is not far behind. The city has caught the attention of many international entities that have ultimately made their presence felt in India, through Bangalore. In addition to this, the IT boom is a major reason for price hike in Bangalore. The number of job opportunities the IT sector of Bangalore has created is beyond one’s imagination. Considering the employment opportunities, it did not take many even a second through to move base to Bangalore permanently.

The increasing inflow of people from different parts of the city or even country to Bangalore had put all the builders and developers under constant pressure. Lack of place to stay had motivated them to explore different parts of the city. As such the outskirts are not being developed. In addition to this development on North and South Bangalore in terms of amenities, proximity to places and the like have led to additional demand for residential properties.

Bangalore builders have been successful in catering to the needs of their high-end customers and also the budgeted ones to a considerable extent. Increasing demand and lack of supply was the prime reason for high rent in many parts of the city. The working class preferred a place to stay near their workplace, which helped landlords increase their rents to another level altogether. This was because the landlords were sure that their tenants would pay so much rent due to the location of their property.

Bangalore just getting popular

Apart from the presence of huge companies, employing millions of people, another reason behind the popularity of this city is the presence of manufacturing companies like Bosch, Toyota, BEML and others. There is continuous effort taken by the government to encourage industrial growth by paving the way for many companies Indian and foreign to invest in the Garden City.

Today development is taking place at such a fast pace that places you though would remain barren land forever have been transformed into plush green spaces. Keeping in mind the budget and requirements of people in general, Bangalore builders have come up with numerous projects. The rents vary depending on the amenities provided by the builder and more importantly the area. Today the location of the place determines its rent.

Despite the availability of real estate brokers and other online help lines, finding a place to stay is never easy in Bangalore. Though there are new and promising projects coming up every fortnight, they are all sold out or occupied in a split second.

This is why when you come across a place to stay and think of it as viable to your requirements, do not think twice. Grab it before it goes away. Finding a house for rent in Bangalore is the biggest challenge. Working people prefer a house to themselves. 1bhk fulfills the need of many which is why there is huge demand for the same. Rents for these are soaring high in some areas while in some they are affordable. It’s jus the matter of finding the right house with a landlord who is game for some negotiation.

Invest in Bangalore

If you are looking at Bangalore for investment purposes, then invest today and see returns tomorrow. It is as simple as that. At the current growth rate the city is experiencing, residential places are always in demand. Get in touch with the right builders to see good returns in a short span of time. The Bangalore builders have been divided into those that cater to the high-end needs, the affordable requirements and the extremely price sensitive ones. There are many who have been around in Bangalore for years and have a strong foothold in the real estate sector; however the new ones are very promising as well.

Moving to Bangalore is a good decision considering the city as a whole inclusive of the job opportunities. It is a very friendly city and you can find a place to stay with some able guidance. The real estate prices have increased tremendously over the past few years because of the continuous demand. They continue to grow with every passing day. Bangalore is a very promising investment opportunity for many. You can find a place of your choice. The new and modern residential buildings are very appealing in Bangalore. The recent projects are no less than a treat to the naked eye.

Pin Click is a technology enabled real estate advisory platform. Our mission is to simplify home search. People who are looking for furnished or unfurnished flats for rent in Bangalore, the PinClick Property Rental vertical helps them find their perfect house. Pin Click has an extensive inventory of furnished and unfurnished houses for rent without brokerage across key locations like Whitefield, BTM, Sarjapur etc.

comments powered by Disqus