5 Best Localities To Rent A Home In Bengaluru
Corporate giants and e-commerce companies such as Flipkart and Amazon are investing their resources in Bengaluru as skilled manpower is easily available in the city. JC Penney, famous US-based apparel and home furnishing retailer, has booked 130,000 sq ft of office space in Bengaluru. The Blackstone Group in a joint collaboration with Embassy Office Parks will create office space of more than 16 million sq ft in Bengaluru, Chennai, Hyderabad and Pune. This boost in Bengaluru’s commercial real estate will give impetus to the housing sector, leading to an increase in the demand for houses on rent.
MakaaniQ shares the top localities in Bengaluru where you can rent an apartment:
Livability score: 7.8
Yelahanka is home to many reputed companies, including Sri Pradhyumna Technologies, Federal-Mogul Goetze (India) Limited, Hobel Flexibles and Elecon Measurements. The largest facility of Mother Dairy in Karnataka is based in Yelahanka. All this attracted a large number of working population and increased rental rates for apartments in Yelahanka. The locality has a mix of 2BHK and 3BHK apartments and the average monthly rent stands at Rs 24,233.
Livability score: 8.1
Jakkur is popular amongst IT professionals as the locality enjoys proximity with different technology parks, such as Kirloskar Business Park. This is the main reason for the increasing rental values in Jakkur. The locality has a mix of 2BHK and 3BHK apartments and the average monthly rent stands at Rs 26,114.
Livability score: 8.8
Horamavu is surrounded by business areas such as K.R. Puram, Banaswadi, Ramamurthy Nagar, Hebbal and Kalyan Nagar. Outer Ring Road and MG Road boost the connectivity in the area further pushing the rental rates of apartments in Horamavu. The locality has a mix of 1BHK, 2BHK, 3BHK and 3+BHK apartments and the average monthly rent stands at Rs 31,324.
Livability score: 9.4
The presence of Hosur Road, Magrath Road and Victoria Road gives excellent connectivity to the residents of Richmond Town. The excellent livability along with excellent infrastructure creates demand for rental apartments in Richmond Town. The locality has a mix of 1BHK, 2BHK, 3BHK and 3+BHK apartments and the average monthly rent stands at Rs 64,350.
Livability score: 9.8
Rajaji Nagar houses industries such as Quest Informatics Private Ltd., Anglo French Drugs And Industries Ltd., Reylon Softech Ltd. and Omex Industries. The presence of HAL International Airport and good connectivity along with good employment opportunities encourages tenants to look for affordable apartments in Rajaji Nagar. The locality has a mix of 2BHK, 3BHK and 3+BHK apartments and the average monthly rent stands at Rs 66,064.
Also Read: Is Hyderabad The New Bengaluru?
With inputs from Gunjan Piplani