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Bangalore realty market noted higher demand in rental segment as compared to sale-purchase during the past few months. Bangalore rent house when searched over the internet shows drastic levels of increase comparatively to the past months. The rental values have noted an escalation and this is the reason that those who have bought housing units are enjoying their ROI in the form of high rental values. Areas as Whitefield, Sarjapur Road, Mysore Road and Kanakapura Road experienced an increase in Bangalore rent house. These areas are the most sought after and offer the best in terms of amenities and infrastructure. Hence, is the reason for shooting up of the rentals.
The IT boom can also be a factor that can be attributed for high rentals. The young dynamic professionals employed in the IT sector draw such high salaries that they are able to afford a Bangalore rent house at a high rate. Also, a delay in possession of under-construction projects has resulted in limited availability of ready-to-move-in homes and there is a mismatch in the demand-supply ratio impacting rental values. This is very beneficial to those who have offered their units on rent. They are reaping heavy ROIs on their investment.
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