Why Rental Property in Bangalore is a Good Investment

Bangalore is also known as Silicon Valley of the country as major IT companies are based in here like Wipro, Infosys and so on. There are also good universities in Bangalore, students across the country come here for further education in engineering , medicines, fashion designing, architecture etc. Some come here for treatment as there are very good world class hospitals like famous heart hospital Narayana Hrudayalaya, where people not only come from all over India but also from abroad for treatment.

People who have to stay in Bangalore for short periods like students, people coming for treatments or young jobseekers have to live on rental basis.

The rental properties include flats, independent houses, bungalows, paying guest accommodation, apartments, rooms within a house and time share property. Many of the companies provide accommodation for their staff. One can get commercial property, office space, industry property, storage space and retail space on rent for business purpose.

Even banks have come out with an innovative scheme of providing loans for property owners, who have rented/leased their properties to banks, insurance company, PSU, multinationals, embassies etc. The scheme provides loans against future rent receivable of such owners.

With the increase in number of people migrating to Bangalore in recent years Bangalore house rents have increased.  Normally, owners who have more than one house give their other houses on rent to students, usually if the apartment is near any of the universities. Bangalore house rents are more in the city as compared to its outskirts. In recent survey the demand for rented properties was maximum in South Bangalore; this was followed by Bangalore east and north. The demand for rental residential properties in Bangalore south is thrice the demand in Bangalore central and twice the demand in Bangalore north, but due to current global recession there has been a drop in house rent by 1-10 percent.

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