Bangalore Q1- 2015 : Rental Property Tracker

Rental Tracker Q1 : January – March 2015

Salient Points

• Out of the top rental markets based on the availability and rental yield, half were skewed towards the southern part and the other half towards the eastern part of the city.

• Demand in localities such as Whitefield, Electronic City and Sarjapur–Marthahalli Road is mainly influenced by the IT/ITeS professionals who prefer to live close to their work places. Moreover, there are a plethora of options available in these localities at different price brackets depending upon the amenities and location.

• Old-world charm has worked well for JP Nagar and HSR Layout in South, which have been long-time favourites of the tenants.

• Moreover, JP Nagar and HSR Layout are already established residential destinations in the South with well-designated roads and good social infrastructure within the town planning norms.

• While JP Nagar boasts of a designated high retail space, i.e, JP Nagar 15th Cross Road, HSR Layout has evolved as one of the prominent destinations for the start-ups.

• Interestingly, top markets for rental yield are also skewed towards southern and eastern part of the city.

• IT/ITeS sector is the major growth driver in four out of five localities for rental yield, namely, Electronic City, Sarjapur Road, Bellandur and Mahadevpura. While Electronic City and Sarjapur Road boasts of IT establishments; Bellandur and Mahadevpura are flourishing because of proximity to the IT hubs of Electronic City and Whitefield.

• Bellandur is a central point for the IT hubs of Bangalore in East and South. While Electronic City in the South is about 15-18 km away and requires a half an hour travelling time via Hosur Road; Whitefield and ITPL in the East are about 12-15 km away and require a similar travelling time via the Outer Ring Road (ORR). Mahadevpura, on the other hand, is situated at a distance of just 10 km from Whitefield.

The purpose 1) Help the consumer to understand availability of rental properties in the Bangalore and Pune markets respectively.2) Assist the consumer to understand the top markets for rental returns in the respective city. The data is taken from listings done by builders/ brokers/ individuals to rent out their properties through CommonFloor.com from Jan to Mar, 2015.

Disclaimer: The information provided in this Website is based on CommonFloor data which is collected from various publicly known sources viz, websites, documents and maps including CommonFloor’s proprietary data resources, and from the inputs of unidentified individuals. It ought to be considered as a guideline and not as absolutely certain. While care has been taken for groundwork, no responsibility is accepted for the accuracy of whole or any part. This information is absolute property of CommonFloor /maxHeap Technologies Private Limited. It should not be reproduced in any form, in part or whole, without prior written permission of CommonFloor. The information is provided on an “as is” and “as available” basis. CommonFloor expressly disclaim warranties of any kind, whether express or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose and non-infringement.