Surviving Bengaluru: 5 things to know before renting an apartment in the garden city
9 months, 3 weeks ago

Surviving Bengaluru: 5 things to know before renting an apartment in the garden city

Hindustan Times  

Rents in Bengaluru have increased by more than 20% to 30% over the last few months after several companies decided to scrap work-from-home leading to the ‘floating’ employee population returning to their offices from their hometowns. 2 Rents surge along Metro corridors; Localities along the metro line witness 7-10% higher rental inflation With offices opening in Bengaluru, the demand for properties around IT parks and office hubs has increased manifold. Localities along the metro line have experienced about 7-10% higher rental inflation compared to other areas,” he said. According to Kiran Kumar, vice president of Bengaluru-based Hanu Reddy Realty, rentals in East and North Bengaluru have touched the roof ever since the Metro became operational.In prime areas along the purple line such as Indiranagar, Koramangla, Whitefield, rentals have increased by around 20%. A 3BHK in a gated community in the same area today commands rents between ₹80,000 to ₹1 lakh per month compared to around 70,000 per month last year.

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History of this topic

Year-ender 2024: Top luxury housing deals in Bengaluru that had the IT city going the Mumbai way
8 hours, 47 minutes ago

Year-ender 2024: Top luxury housing deals in Bengaluru that had the IT city going the Mumbai way

Hindustan Times  

While Mumbai has long witnessed ultra-luxury real estate transactions, some worth as high as ₹100 crore, Bengaluru is fast catching up with demand for upscale residential properties. While Mumbai has long witnessed ultra-luxury real estate transactions, some worth as high as ₹ 100 crore, Bengaluru is fast catching up with demand for upscale residential properties. Top residential deals in Bengaluru …

Bengaluru real estate market: Areas where you can rent an apartment for less than ₹30,000 per month
2 weeks ago

Bengaluru real estate market: Areas where you can rent an apartment for less than ₹30,000 per month

Hindustan Times  

Bengaluru’s rentals may have hit the roof, but there are still a few areas in the city where one can find apartments for less than ₹30,000 a month. Outskirts of JP Nagar Local brokers say that several apartments, such as Phase 6 or Putennnahalli, are available for under ₹30,000 monthly on the outskirts of JP Nagar. While local brokers say …

India’s office rentals see 3.6% growth; Pune, Chennai, Bengaluru top performers
3 weeks, 4 days ago

India’s office rentals see 3.6% growth; Pune, Chennai, Bengaluru top performers

The Hindu  

The average effective rentals across major cities in India have grown by 3.6% on a five-year compound annual growth rate, according to what is being said to be India’s first commercial property rental index by the Indian Institute of Management Bangalore, in collaboration with CRE Matrix. ‘Invest in commercial property for higher returns’ This index, backed by over a decade …

Renting Crisis Grips Cities, Pushing Up Property Prices
1 month, 3 weeks ago

Renting Crisis Grips Cities, Pushing Up Property Prices

The Hindu  

The cost of renting homes has shot up by 26-67 percent in the last three years in key micro markets in India’s seven biggest cities. This is having an increasingly larger impact on the current incomes of the population that rents. The sharp increase in the high cost of renting is having an increasingly larger impact on the current incomes …

Mumbai Emerges As The Most Expensive Market, While Bengaluru and Delhi NCR See Slowdown
1 month, 3 weeks ago

Mumbai Emerges As The Most Expensive Market, While Bengaluru and Delhi NCR See Slowdown

ABP News  

Rents for office spaces in major cities have soared past pre-pandemic levels, with Mumbai emerging as the most expensive market. The weighted average quoted office rental in Mumbai touched Rs 151.60 per square foot per month during the July-September quarter, up 6 per cent from 2019. However, industry experts expressed concerns regarding the slump in growth in certain key markets …

Bengaluru's Rental Housing Market Rejuvenates: Experts Say
2 months ago

Bengaluru's Rental Housing Market Rejuvenates: Experts Say

Hindustan Times  

Bengaluru's rental housing market returns to normalcy, with average rent per month increasing by 4% in 2024 compared to 2023. While the rate of increase has stabilized, it is still higher than pre-pandemic levels. The market is expected to see annual increases in rentals to the tune of 4-8%, while property prices are expected to register a rise of 5-10%. …

Bangalore Rental Market Booms: Return to Office and Student Influx Drive Prices
2 months, 1 week ago

Bangalore Rental Market Booms: Return to Office and Student Influx Drive Prices

The Hindu  

Bangalore's rental market has seen a surge in recent years, driven by the return to office culture and student influx. The city's superior educational institutions attract students from around the nation, leading to a significant increase in housing rentals. Areas near the IT Corridor, such as east Bengaluru and north have experienced the most dramatic increases. The robust job market …

Rent versus buy: Average rental values increased more than capital values in Bengaluru, Pune, Kolkata and Chennai
3 months ago

Rent versus buy: Average rental values increased more than capital values in Bengaluru, Pune, Kolkata and Chennai

Hindustan Times  

In Bengaluru, Pune, Kolkata and Chennai, the average residential rental values rose more than the capital values between 2021-end to H1 2024. Bengaluru’s Sarjapur Road saw average monthly rental values increase by 67%, while capital values increased by 54%. At Thannisandra Main Road, the average rental values rose 56% while capital values appreciated 52%, it showed. In HITECH City, rental …

Bengaluru's Bagaluru, Whitefield ranked 1st, 3rd in highest housing price appreciation
3 months, 4 weeks ago

Bengaluru's Bagaluru, Whitefield ranked 1st, 3rd in highest housing price appreciation

Hindustan Times  

Housing prices in Bengaluru's Bagaluru rose highest by 90 per cent since 2020, while Dwarka Expressway in Delhi-NCR ranked 4th with 79 per cent average appreciation, according to Anarock. READ | Bengaluru police debunk viral 'free ride for women' hoax, say no late-night lift service available NCR's Dwarka Expressway is in the 4th position with a 79 per cent price …

Bengaluru real estate: Here's a look at the top luxury property deals reported in the IT capital this year
4 months ago

Bengaluru real estate: Here's a look at the top luxury property deals reported in the IT capital this year

Hindustan Times  

While Mumbai is synonymous with the uber luxury property segment in India, high-end residential units have seen growing demand in Bengaluru of late. Top luxury property deals reported in the Bengaluru this year Earlier this year, Ajit Isaac, chairman and managing director of Bengaluru-based company Quess Corp, had bought a 10,000 sq ft property worth ₹67.5 crore in Koramangala area, …

Here are 5 things tenants in Bengaluru want from their landlords
4 months, 1 week ago

Here are 5 things tenants in Bengaluru want from their landlords

Hindustan Times  

Bengaluru's rental housing market is infamous for many reasons, ranging from high rents and sharp rental hikes to enormous security deposits, shortage of options and eccentric demands made by landlords. 5 things tenants in Bengaluru want from their landlords According to a report by property consultancy Anarock, Bengaluru recorded the highest rental yield amongst the top seven cities in India …

Good news for tenants! Bengaluru’s rental housing market records 5-10% average price correction in April-June quarter
5 months, 1 week ago

Good news for tenants! Bengaluru’s rental housing market records 5-10% average price correction in April-June quarter

Hindustan Times  

Bringing cheer to home tenants in Bengaluru, the city’s rental housing market saw an average price correction of 5-10% during the April-June quarter of the ongoing calendar year, local brokers told HT.com. Bengaluru’s rental housing market records 5-10% average price correction in April-June quarter of 2024, as per local brokers It should be noted that typically the second quarter of …

Bengaluru's residential property prices jumped 57 per cent in the last 5 years: Report
5 months, 2 weeks ago

Bengaluru's residential property prices jumped 57 per cent in the last 5 years: Report

Hindustan Times  

Residential property prices in Bengaluru have jumped 57 per cent in the last 5 years, as per 'Bengaluru's Real Estate - Your Gateway to Opportunity' report released by ANAROCK. The housing sales in Bengaluru exceed new launches in the first half of 2024 with about 34,100 units sold - up 11 per cent over H1 2023. The average office rentals …

Top Indian Cities See 50% Drop In Rental Growth As Housing Supply Rises
6 months ago

Top Indian Cities See 50% Drop In Rental Growth As Housing Supply Rises

News 18  

With more supply hitting the top 7 cities’ markets, overheated housing rents are stabilising. Latest Anarock data shows that average residential rental prices across key markets in these cities saw a 2-4% quarterly rise in Q2 2024 to date over the preceding quarter. Sohna Road and Dwarka saw their respective quarterly rents increase by 3% and 2% in Q2 2024; …

Bengaluru Techie Rents A 3-BHK Flat For Rs 80,000. He Has Only 1 Regret
6 months, 1 week ago

Bengaluru Techie Rents A 3-BHK Flat For Rs 80,000. He Has Only 1 Regret

News 18  

The real estate costs in places like Bengaluru are as high as the skyscrapers in the city. Bangalore is beyond the techbro localities 🙂 — Ashish Jha 🏡 🇮🇳 June 7, 2024 An X user commented, “I would rather spend that 80K roaming the world every month than sitting in a cocoon of a house with that wonky view.” I …

Avg housing prices increase by 10% in Jan-Mar across top 8 cities; Bengaluru and Delhi-NCR witness 19% and 16% growth
7 months, 1 week ago

Avg housing prices increase by 10% in Jan-Mar across top 8 cities; Bengaluru and Delhi-NCR witness 19% and 16% growth

Hindustan Times  

Average housing prices increased by 10% annually during Q1 2024 on the back of strong residential demand. While each of the top eight cities witnessed annual price appreciation, average housing prices in Bengaluru, Delhi NCR, Ahmedabad, and Pune registered double digit growth, a report has said. Bengaluru witnessed the maximum price increase of 19% Bengaluru witnessed the maximum price increase …

A rent crisis in India is crushing hopes and dreams
8 months ago

A rent crisis in India is crushing hopes and dreams

India Today  

Actor Kamakshi Bhat got a surprise text from her landlord in Mumbai in February that the monthly rent for her 3BHK flat had been hiked to Rs 84,000 from Rs 64,000. “In Mumbai, for example, the average monthly rent for a two-bedroom apartment has surged to Rs 45,000 in the first quarter of 2024, marking a staggering 30 per cent …

Housing prices increase by around 20% in MMR, Bengaluru, Delhi-NCR and other cities in the last two years
9 months, 3 weeks ago

Housing prices increase by around 20% in MMR, Bengaluru, Delhi-NCR and other cities in the last two years

Hindustan Times  

Amidst a positive economic outlook, housing demand has scaled up and property prices across the top eight cities in India have surged by around 20% in the last two years, a report by Credai, Colliers and Liases Foras has said. Bengaluru, Delhi NCR, and Kolkata have witnessed the highest rise in average housing prices at about 30% in 2023 compared …

Office space demand up 15% in top 8 cities; Bengaluru sees 14% fall in leasing: Report
11 months, 2 weeks ago

Office space demand up 15% in top 8 cities; Bengaluru sees 14% fall in leasing: Report

Hindustan Times  

Leasing of office space rose by 15 per cent across eight major cities last year, despite a decline in demand in Bengaluru, the largest workspace market, according to Knight Frank. Data showed that office demand grew 15 per cent annually to 59.6 million square feet in 2023, despite global economic and geopolitical concerns. The data showed that office demand grew …

Mumbai, Bengaluru secure 19th, 22nd positions globally in housing price appreciation: Report
1 year, 2 months ago

Mumbai, Bengaluru secure 19th, 22nd positions globally in housing price appreciation: Report

Hindustan Times  

Indian cities Mumbai and Bengaluru jumped from 95th and 77th positions to 19th and 22nd positions, respectively, on a global index measuring housing price appreciation in the second quarter of this year, that is from April to June, according to a report from real estate consultancy firm Knight Frank. The growth in residential prices in 107 cities across the globe …

Bengaluru landlord hikes rent by ₹10k of his fancy home, rolls back later
1 year, 3 months ago

Bengaluru landlord hikes rent by ₹10k of his fancy home, rolls back later

Hindustan Times  

The demand for rental homes in Bengaluru is skyrocketing everyday as the city continues to be the top destination for many Multinational Companies, IT giants and even start-ups. Bengaluru landlord hikes rent by ₹ 10k of his fancy home, rolls back later. Bharat MG who claims to be a software engineer in Google posted an announcement saying that 2-bedroom flat …

Bengaluru man explains why he agreed to a rent hike of ₹15,000 within one year
1 year, 5 months ago

Bengaluru man explains why he agreed to a rent hike of ₹15,000 within one year

Hindustan Times  

A Bengaluru techie explained why he agreed to stay at his rented house even after the landlord hiked the rent by ₹15,000 within an year, prompting a renewed discussion on Twitter over the city's rental market. “My Landlord in Bangalore increased rent by 15,000 INR within one year whereas as per agreement the increase per year should have been 5%. …

Bengaluru Rent Hikes By Landlords: Employees Struggling With 30% Higher Rates, 'Difficult To Find 2BHK'
1 year, 7 months ago

Bengaluru Rent Hikes By Landlords: Employees Struggling With 30% Higher Rates, 'Difficult To Find 2BHK'

News 18  

During an IPL match in Chinnaswamy Stadium in Bengaluru, an audience member was holding a banner ‘Looking For 2 BHK in Indiranagar’ which he uploaded on Twitter. The rent for a 2BHK house in Bengaluru now stands at Rs 40,000 per month and it rises to as high as Rs 60,000 per month depending upon the area and facilities in …

In Bengaluru, landlords call the shots as techies fight for flats
1 year, 8 months ago

In Bengaluru, landlords call the shots as techies fight for flats

Hindustan Times  

Rents in India’s technology hub of Bangalore have nearly doubled since the start of last year, making it the country’s hottest residential market. The capital of Karnataka state is home to over 1.5 million workers including those for global firms like Alphabet Inc.’s Google, Amazon.com Inc., Goldman Sachs Group Inc. and Accenture Inc. That population was displaced during the pandemic, …

Bengaluru tops in Asia Pacific region in flexible office space stock; Hyderabad 7th
2 years ago

Bengaluru tops in Asia Pacific region in flexible office space stock; Hyderabad 7th

Deccan Chronicle  

New Delhi: Bengaluru has the highest supply of premium flexible office space in Asia Pacific region at 10.6 million square feet, according to CBRE. As of September 2022, Bengaluru recorded 10.6 million square feet flexible stock, the highest among all major APAC cities, including Shanghai, Beijing, Seoul, Tokyo and Singapore. Out of the total premium flexible office space in Hyderabad, …

Bengaluru may see highest growth in office rent in Asia-Pacific region next year
2 years ago

Bengaluru may see highest growth in office rent in Asia-Pacific region next year

Deccan Chronicle  

New Delhi: Office rentals in Bengaluru is expected to grow by 5-7 per cent -- highest in the Asia-Pacific region -- during the next year, according to Knight Frank India. Bengaluru's prime office rental is expected to grow in the range of 5-7 per cent YoY in 2023, highest amongst the 24 APAC cities tracked in the report. New Delhi's …

Bengaluru may see highest growth in office rent in APAC next year: Report
2 years ago

Bengaluru may see highest growth in office rent in APAC next year: Report

Hindustan Times  

Office rentals in Bengaluru is expected to grow by 5-7 per cent -- highest in the Asia-Pacific region -- during the next year, according to Knight Frank India. READ | Why Karnataka's Mysuru is the next real estate hotspot in India Bengaluru's prime office rental is expected to grow in the range of 5-7 per cent YoY in 2023, highest …

Bengaluru ranks fourth among most expensive real estate markets in India: Report
2 years, 2 months ago

Bengaluru ranks fourth among most expensive real estate markets in India: Report

Hindustan Times  

Bengaluru is the fourth most expensive real estate market in the country, according to a report by consultancy firm Knight Frank that established an 'affordability index' for the third quarter of this calendar year. READ | Bengaluru sees highest appreciation in average housing prices for Jul - Sept The hike in repo rate also led to a rise in median …

Bengaluru sees highest appreciation in average housing prices for Jul - Sept
2 years, 2 months ago

Bengaluru sees highest appreciation in average housing prices for Jul - Sept

Hindustan Times  

Average housing price across eight cities rose 3-10 per cent year-on-year in July-September this year, while office rent grew up to 13 per cent on higher demand for properties, according to Knight Frank India. As per the data of primary housing market, the average price in Bengaluru rose 10 per cent to ₹5,428 per square feet in July-September quarter from …

Average monthly rent of luxury homes up 8-18% in last 2 years in top 7 cities
2 years, 3 months ago

Average monthly rent of luxury homes up 8-18% in last 2 years in top 7 cities

Hindustan Times  

Average monthly rentals in posh residential colonies across seven major cities rose 8-18 per cent in last two years while capital value appreciated by 2-9 per cent, according to Anarock. Bengaluru's Rajaji Nagar witnessed the highest capital appreciation of 9 per cent with average prices increasing to ₹6,200 per square feet in 2022 from ₹5,698 per sq ft in 2020. …

Housing prices in Bengaluru up by 4% in April-June quarter: Report
2 years, 4 months ago

Housing prices in Bengaluru up by 4% in April-June quarter: Report

Hindustan Times  

The square foot price of residential housing in Bengaluru increased by four per cent to ₹7,848 in the April to June quarter as compared to last year. Housing prices in Bengaluru returned pre-pandemic levels by rising four per cent in the second quarter, making it the highest price in three years. Below is a table detailing the increase in housing …

Bengaluru’s prime office rental grew 12% despite global headwinds, and rental value may rise: Knight Frank
2 years, 4 months ago

Bengaluru’s prime office rental grew 12% despite global headwinds, and rental value may rise: Knight Frank

The Hindu  

Bengaluru witnessed the highest prime office rental percentage in the entire Asia Pacific region with an increase of 12.1% year-on-year in the second calendar quarter of 2022, said Knight Frank, a realty advisory, consulting and management firm. With a double-digit growth, Bengaluru was the best-performing prime office market in the APAC region in terms of rental growth in Q2 2022 …

‘Bengaluru leads office leasing market with a 30% share in Q2’
2 years, 5 months ago

‘Bengaluru leads office leasing market with a 30% share in Q2’

The Hindu  

Bengaluru led the office leasing market in the country in the second quarter of calendar year 2022 by solely forking out a 30% market share followed by Mumbai and Delhi-NCR claiming 19% and 18% slice respectively, said Colliers, a global realty advisory and management firm, on Monday. All the major markets, with Bengaluru dominating, witnessed strong leasing activity during the …

Office Space Leasing Sees Rebound; Bengaluru in Highest Demand, Followed by NCR
2 years, 8 months ago

Office Space Leasing Sees Rebound; Bengaluru in Highest Demand, Followed by NCR

News 18  

With the number of COVID-19 cases coming down, demand for offices has started making a swift return with office space leasing registering a 25 per cent year-on-year jump during January-March 2022 to 10.8 million square feet. State-wise, Bengaluru maintained its top position leasing 3.5 msf of office space which was a rise of 5 per cent year-on-year. “The first quarter …

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