People who are working in the near by IT hubs are searching for rent in this area; as a result, investors get regular rental returns. The area also witnesses a demand for business and retail segment since lot of shopping complexes, malls, restaurants and cinema halls are coming up in HRBR Layout.
Another important reason is that HRBR is a well planned BDA layout with a mix of greenery, housing and open space for which the rental value is raising.Rental values range from Rs 200 to Rs 300 per sq. ft per month, whereas capital price for multi-storey apartments are in between Rs 6,000 to Rs 8,000 per sq. ft. In the last quarter October to December 2012 the area sees a rise by 15-20 percent.
If you are looking for a property that will bring you high rental values, then HRBR layout is the best option. Sources say that in January-March 2013 quarter, HRBR layout has seen an increase of 113 percent in rental values.
The area is situated at north Bangalore and it is easy access to the outer ring road and to the airport. The area is well connected to the main areas in Bangalore. It is 9 to 10 kms from MG Road and 30 kms from the airport.The area is located between Bagmane Tech Park, ITPL and the Manyata Tech Park is just 4 kms away. HRBR layout is easily accessible to other established IT locations like Whitefield and Old Madras Road.