Looking For Handsome Rental Returns? Choose From These Bengaluru Localities
If you are a homebuyer looking at buying an investment or rental return property in Bengaluru, MakaaniQ gives you some tips that would help you take a guided decision.
Have a budget, looking for high rental returns
If you have set a higher budget and looking for high rental returns, too, look at areas like Indiranagar in Bengaluru. The broad range of rent here stands at Rs 7,500 to Rs 2 lakh per month. Owing to the locality's strategic location close to Embassy Golf Links and many other IT/ITes and business facilities in Koramangala, Indiranagar is a viable pick for most well-to-do corporates or business families. The area is serene with independent homes and a destination of choice for those have a vibrant social life. The area boasts of resto-bars, eateries, designer showrooms and leading brands, catering to the new-age shoppers.
More so, for those into business, Indiranagar serves as a value-for-money destination given its ambience and social infrastructure on the whole which works even if you have a client you would want to call over for a quick biz-talk.
Capital values are in the range of Rs 1.5 crore to Rs 10 crore.
4BHK and above
Rs 7,500- 40,000
Rs 12,000- 48,000
Rs 29,000- 1.50 lakh
Rs 45- 3.50 lakh
Affordable budget, seeking regular returns
Given that the market is recovering slowly, you may want to invest small but effective. Consider localities such as Whitefield that boast regular demand from tenants. In fact, in the recent times, Whitefield has become a prospective destination. However, homebuyers are taking it slow given that in many of these upcoming destinations, the infrastructure is building up. Ongoing construction often creates issues in housing societies and apartment complexes in the vicinity and therefore, most settlers actually prefer experimenting by staying here for a while on rent before buying a home here.
Kashish and Arjun Gulati, both analytics professional and start-up enthusiasts moved to Whitefield into a rental home. Kashish's start-up is all about interior-designing and hence, she was looking for an affordable yet large house on rent that she could do up as a model-home to showcase. “We weren't sure whether we would want to live here for long but given that jobs are here and even luxury developers are coming up with their units in this place, it could be a great place for us to start,” says Kashish.
If you are an investor in this area looking at constant returns, your pool of tenants would more often be IT/ITes employees, outstation students, professors and those from the medical and hospitality background.
Property prices are in the range of Rs 18 lakh to Rs 10 crore.
Rs 5,500- 11,500
Rs 12,700- 32,000
Rs 16,000- 80,000
Rs 22,000- 2 lakh
Low budget, expecting good rentals in future
For someone who has just spent a few years working but still understands the value of a real estate asset, affordable areas with a potential would work well. Devanahalli in North Bengaluru is known because of the international airport. For frequent flyers, this could be a good investment spot but given that the infrastructure is developing in and around, few settlers would opt for it now. It is better off as an investors destination at the moment although there are established localities in its vicinity as well as engineering and research colleges, medical centres and a few commercial complexes.
Property values range between Rs 8 lakh to Rs 2.5 crore. Plotted developments are available too.
< Rs 8,000
Rs 6,000- 16,000
Rs 11,000- 30,000