Interestingly, top markets for rental yield are also largely skewed towards southern and eastern part of the city, with an exception of Kalyan Nagar in the North.
The growing rental demand from IT establishments, fresh inventory and new commercial centres. Localities such as Indira Nagar and Old Airport Road were the top performers, registering maximum rental appreciation Y-o-Y.
For the third consecutive time in the year 2015, Whitefield once again clocked first position based on availability. IT/ITeS influence coupled with relatively affordable rentals are the major factors catalyzing rental demand here.
According to Nasscom, almost 28 per cent of the countrys start-up eco-system is contributed by the Silicon Valley of India.
An interesting research paper by the Indian Institute of Science raises a point that past has a very important role to play in the Bangalores growth story. With public sector majors such as BEL, BHEL, HAL, to name a few, the Bangaloreans were already exposed to technology. Thus, technology transformation was comparatively smoother, which set the perfect stage for a favorable environment for start-ups.
Hi All, If you are interested to know about the rental market in Bangalore in2015, you can click on the link to get the detailed report Bangalore Q3 2015: Rental Property Tracker