The real estate scene in Bangalore today has moved from being an end users market for potential home buyers to becoming a robust rental market that is ideal for tenants. The growing job opportunities are luring a pool of migrant population to look out for homes that are in and around their office spaces- thereby enticing many local investors and second time home buyers to purchase inventories and earn handsome rental income. Below we decode a few neighbourhoods that are cited to ideal realty destinations for both investors and end users alike.
Affordable neighbourhoods
With the majority of the demand being driven by working professionals, an array of areas in an around IT parks have emerged as affordable residential locations. Localities like Sarjapur Road, Bannerghatta Road, Electronic City, Marathahalli and Whitefield offer generous living spaces at affordable prices. With 2 and 3 BHK homes being very popular here, apartments for rent in Bangalore especially is any of these neighbourhoods are expected to hover over a price bracket of Rs 12,550 and Rs 18,000 per month. However, the prices are likely to vary depending if the homes are semi or fully furnished.
Real estate developers too are cashing on this trend and are creating various residential projects keeping in the mind needs and requirements of the MIGs (Middle Income Group Individuals). Specifications and facilities like swimming pools, gyms, child’s play area and other recreational spots are being introduced in their capital ventures.
Luxurious localities
For all the senior executives and working professionals who are willing to lend that extra penny- vicinities like Bellandur, Koramangala and HSR Layout are cited to be ideal destinations. Cited to be among the most preferred rental locality- the area boasts of having seamless connectivity and great social infrastructure. The presence of both commercial and residential spaces here makes these neighbourhoods most sought after rental localities.
With these areas being BDA Layouts, these areas have a lot of green spaces which are attracting many working professionals to reside here. Capital values wise, these areas are cited to fall on the higher side but the state of the art infrastructure is luring many to shift base here. 2 BHK apartments in Bangalore specially in these localities are cited to cost anywhere between Rs 17,500 and Rs 28,000 per month.
Vicinities for second time home buyers and local investors
With the rental realty market becoming a means of earning handsome income, many investors and home buyers are purchasing inventories only to let them out on rent later. Vicinities that are cited to be lucrative for investors include Sarjapur Road and Marathahalli. In the past few quarters, the rental rates of homes here have witnessed a steady demand and the constant growth has pushed property prices to soar.
For instances, homes that were being bought for an average of Rs 40 lakhs in Marathahalli before are cited to generate an average rental yield of Rs 18,000 - pushing your annual income to Rs 2 lakhs. The same foes for Sarjapur too.
So, no matter who you are, if you want to save a few pennies or make extra ones, investing in real estate in Bangalore is the ideal choice for you.
Affordable neighbourhoods
With the majority of the demand being driven by working professionals, an array of areas in an around IT parks have emerged as affordable residential locations. Localities like Sarjapur Road, Bannerghatta Road, Electronic City, Marathahalli and Whitefield offer generous living spaces at affordable prices. With 2 and 3 BHK homes being very popular here, apartments for rent in Bangalore especially is any of these neighbourhoods are expected to hover over a price bracket of Rs 12,550 and Rs 18,000 per month. However, the prices are likely to vary depending if the homes are semi or fully furnished.
Real estate developers too are cashing on this trend and are creating various residential projects keeping in the mind needs and requirements of the MIGs (Middle Income Group Individuals). Specifications and facilities like swimming pools, gyms, child’s play area and other recreational spots are being introduced in their capital ventures.
Luxurious localities
For all the senior executives and working professionals who are willing to lend that extra penny- vicinities like Bellandur, Koramangala and HSR Layout are cited to be ideal destinations. Cited to be among the most preferred rental locality- the area boasts of having seamless connectivity and great social infrastructure. The presence of both commercial and residential spaces here makes these neighbourhoods most sought after rental localities.
With these areas being BDA Layouts, these areas have a lot of green spaces which are attracting many working professionals to reside here. Capital values wise, these areas are cited to fall on the higher side but the state of the art infrastructure is luring many to shift base here. 2 BHK apartments in Bangalore specially in these localities are cited to cost anywhere between Rs 17,500 and Rs 28,000 per month.
Vicinities for second time home buyers and local investors
With the rental realty market becoming a means of earning handsome income, many investors and home buyers are purchasing inventories only to let them out on rent later. Vicinities that are cited to be lucrative for investors include Sarjapur Road and Marathahalli. In the past few quarters, the rental rates of homes here have witnessed a steady demand and the constant growth has pushed property prices to soar.
For instances, homes that were being bought for an average of Rs 40 lakhs in Marathahalli before are cited to generate an average rental yield of Rs 18,000 - pushing your annual income to Rs 2 lakhs. The same foes for Sarjapur too.
So, no matter who you are, if you want to save a few pennies or make extra ones, investing in real estate in Bangalore is the ideal choice for you.
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