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In Bangalore, the real estate industry is booming like never before. Especially in areas such as Sarjapur, Whitefield & Marathalli. Due to high number of IT software companies in these areas many popular builders have constructed thousands of apartments here. In and around Bangalore, you will find increase in culture of apartments & flats. In those days of 1990’s people used to search for houses to live in. It was very peaceful & nice. But now due to more & more urbanization people search for apartments and flats for rent in Bangalore. You can find 1bhk, 2bhk, 3bhk flats easily in Bangalore now a days. The only catch is they all are pricey. If you want to get a 2bhk flat on rent in Whitefield then probably you need to shell out 20,000 to 25,000 INR on monthly basis as rent. To add to that 1, 00,000 to 1, 50,000 INR as advance security deposit.
The popular & expensive areas such as Sarjapur, Marathalli, Indiranagar & commercial state are the costliest. In these places just for a 1bhk flat you need to pay 15,000 plus maintenance which will total to 18,000 to 20,000 INR per month.Fully furnished flats for rent in Bangalore are even more expensive.
No wonder Bangalore has become the costliest city in India. If you are thinking of buying a flat then it is much more costly. But the best part is you can get home loans easily. Hence people of Bangalore have made real estate a business. They buy apartments, flats or houses any property they get and then rent it out. They can easily make the down payment for the loans with this money.
Studio flats and service apartments are new popular rental properties these days in Bangalore. Since business is booming in this city, people across India visit Bangalore on daily basis & look out for service or studio apartments just for 1 day or 1 week. They prefer not to choose hotels as they are more costly. Due to increase in taxes, hotels have become pricey. Hence businessmen& women prefer to rent out a service apartment near to their office locations. This way not only they can avoid hectic traffic in Bangalore but also save time & money on commuting from their home to office.
Due to pop up of many real estate websites in Bangalore, one can find their desired property on rent easily. Common floor & 99acres are 2 of the biggest property management companies in India. They have huge presence in all the cities across India. Due to audio-visual technology, the information that these companies share on their websites are very descriptive & detailed. They are secure too. Both the landlords & tenants can benefit from them. The landlords can share all their rental properties with no cost involved, and the prospective tenants can easily search for their dream homes with no cost too. It is a win-win situation for both of them. As Bangalore city rises & expands, so does the real estate industry & at the end everyone will be able to afford to stay in their own home.