THE BEST 5 LOCALITIES TO RENT A HOME IN BANGALORE - A QUICK GUIDE
Bangalore is a city buzzing with opportunities for IT professionals and startups. Many individuals are migrating here for career growth and exploring other prospects. Apart from the job aspect, the city draws prospective residents due to its lovely weather, fantastic food, and cosmopolitan culture. Areas like Maithri Layout with flats for rent in Whitefield, J.P. Nagar, Electronic City, and more are becoming homes for individuals relocating for a better life.
Due to this high influx of inquiries for rental homes, the growth in the rental real estate market is booming. The one question in the minds of potential residents is what are suitable localities to rent homes in Bangalore? This blog will list the five best localities in Bangalore for renting homes.
BEST 5 RENTAL LOCALITIES IN BANGALORE FOR TENANTS:
Individuals looking to shift to Bangalore for work are often confused if they want to look for 1BHK for rent in Whitefield or Banashankari. Many criteria affect the decision-making, like rent, locality, convenience, accessibility, etc. The following is a list of the top 5 best rental localities in Bangalore:
Whitefield:
This is the IT hub of Bangalore, where most Software Engineers, Developers, and coders are migrating for better career opportunities. As per statistics, Whitefield ranks amongst the Top 3 rental localities in India. They seek rental housing in localities like Maithri Layout due to its security and calmness. Homes like studios, 2BHK, and 1BHK flats for rent in Whitefield range between INR 5,000 and INR 25,000. Whitefield is well-connected to other parts of the town via the Metro Purple Line, Old Airport Road, and Whitefield Main Road.
Jayanagar:
This is a premium and one of the oldest localities in Bangalore. There are several 1BHK flats with rent ranging from INR 16,000 to INR 28,000. The locality is surrounded by well-established areas like BTM, Banashankari, J.P. Nagar, and Basavanagudi. It has good transportation connectivity to major IT Industries and retail hubs through Jayanagar metro, Outer Ring Road, and Bannerghatta Road.
Marathahalli:
This locality is towards East Bangalore, which has undergone tremendous infrastructure development. People working in areas like RMZ Ecospace, Prestige Tech Park, and Cessna Business Park must seek accommodations in Marathahalli. The rent for 1BHK homes ranges between INR 6,000 to INR 28,000. The locality's neighboring areas are Electronic City, KR Puram, and HAL.
HSR Layout:
This is a suburb located in the South-East part of Bangalore. The locality is filled with small IT firms and startups, providing employment opportunities to many—the rental homes in the locality range between INR 9,000 to INR 35,000. The locality houses healthcare centers, educational institutions, popular restaurants, and hangout spots, making it an ideal rental locality.
Koramangala:
This is an upscale residential locality in Bangalore's South-East area. It is connected to major roads like Sarjapur, Ring Road, and Hosur. The rent prices range from INR 9,000 to INR 25,000 for a studio or 1BHK home. Koramangala has an excellent social infrastructure with many famous microbreweries and some of the most popular restaurants in Bangalore. The locality also has the famous Koramangala Nexus Mall (Forum Mall), housing top retail brands for residents to have fun shopping at weekends.
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FAQs
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What is the application process like?
The application process is typically like a KYC process to get to know our customers.
What are the common lease terms?
The rental contract is for a standard of 11 months. However, you can choose how long you want to stay.
Can I renew my lease at the end of the term?
Yes, you have the option to renew your rental agreement whenever you wish to.
Is there any Commitment/Lock in period?
Lock in period is a commitment given by the tenants to us in order to avail free common area maintenance charge. Lock-in period should be a minimum of 6 months to avail free common area maintenance charge.
Can you renew or update only the lock in period?
No, once the contract is made you cannot update or change the lock-in period or any other terms.
Are they any hidden charges?
Being fair &transparent is our core value and we inform all our tenants about our terms &conditions in detail prior to the booking. There are no hidden charges or terms.
What is the difference between contract period and lock-in period?
Both aspects operate independently. Contract period is the 11 month legal term under which tenants will rent the flat with KOTS. Renewal of contracts is possible. On the other hand, the lock-in period refers to the duration for which the tenant commits to remain without terminating the contract, enabling them to take advantage of the free common area maintenance charges offered.
What happens if you terminate the contract (or) vacate the home during the Lock-In period ?
The common area maintenance charges offered will be reversed and you will be charged monthly common area maintenance charges for the entire stay duration.
Is there any notice period to terminate the contract?
Yes, the tenants have to serve 45 days notice period before they terminate the contract.
Are there any painting charges or move out charges?
Move out charges include painting charges to be paid (one time) by the Sub-Lessee in advance or in pre-paid manner at the time of booking the flat. If the rented flat is of Studio / 1BHK flat, painting charges are Rs 14,500 (Fourteen thousand five hundred.) and if the rented flat is a 2BHK flat, painting charges are Rs 19,500 (Nineteen thousand five hundred.).
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