5 Best Localities To Rent A Home In Bengaluru
Silicon Valley of the east, Bengaluru, is the land of professional opportunities. Consequently, the demand for rental housing in the city seems to be never-ending. This demand is also the reason why tenants have to pay a premium to rent a unit in Bengaluru ─ average monthly rent in the city is Rs 27,713.
In this article, we list localities where demand for rental housing is the highest.
Whitefield: One of the major suburbs of Bengaluru, Whitefield is a choice for those planning to rent premium properties lying in proximity to IT parks. The locality is home to a large number of working population looking for an average of a 2BHK home.
Currently, there are over 60 apartments are available for rent in Whitefield, with 50 of them being in the 1BHK and 2BHK category. The average monthly rent for an apartment in Whitefield is over Rs 23,500.
Horamavu: Horamavu is a residential locality surrounded by some of the key commercial areas, including KR Puram, Banaswadi, Ramamurthy Nagar, Hebbal and Kalyan Nagar. Connectivity with the Outer Ring Road and MG Road makes Horamavu a destination of choice for those working in the nearby commercial areas.
Currently, the locality has over 400 apartments in configurations, including 1BHK, 2BHK, 3BHK and 3+BHK. You will have to pay an average of Rs 11,400 as rent for an apartment in Horamavu.
Mahadevapura: With over 380 apartments available for rent, Mahadevapura is an emerging real estate hotspot in Bengaluru. Connected through the Metro network and the Outer Ring Road, Mahadevapura can be an ideal pick for those working in the many IT companies located in proximity, including the ones operating in the International Tech Park. Average rent for a month in this locality is Rs 19,000.
Yelahanka: At Rs 28,500 average monthly rent, Yelahanka is a locality for those looking to rent premium properties. The locality that has over 145 apartments up for rent, a total of 140 are in 2BHK and 3BHK configuration. Known to be a self-sufficient township, Yelahanka has over the years developed from a satellite town to a well-developed locality with growing residential and commercial real estate.
Bellandur: Centrally located, Bellandur is a luxury rental market with an average monthly rental of Rs 46,300. Bellandur lies in proximity to almost all the popular localities in Bengaluru, including Whitefield, Electronic City and ITPL. Bellandur has everything ranging from malls to IT parks and restaurants to premium schools. One could rent from over 100 listed apartments.