TOP 5 THINGS TO KNOW BEFORE MOVING TO BANGALORE -A QUICK GUIDE
Moving to a new city can be an exciting yet daunting experience, and when that city is Bangalore, it's essential to be well prepared. The Silicon Valley of India attracts many professionals from different parts of the country. Most people try looking for flats for rent in Whitefield or HSR Layout but need help understanding what the city offers. To make your transition smoother, here are the top five things to know while moving to Bangalore.
Top 5 things to know while moving to Bangalore:
Accommodation:
Bangalore has diverse residential areas catering to various budgets and preferences. Researching different neighbourhoods and visiting them personally before finalising the accommodation is advisable. People often type "1BHK flat on rent near me" on their smartphones and come across various listings of flats for rent in Whitefield, BTM Layout and other popular localities. Their rents vary from INR 8,000/- to INR 35,000/-, depending on the locality and type of furnishing. Additionally, it's essential to consider the cost of living, which can vary depending on your lifestyle and location. While some areas may be more expensive, affordable options are also available.
Real Estate Investment:
The city also has high rental returns for investors looking to move here to build rental homes. Bangalore's real estate market continues offering investors a 5-7% profitable rental yield. The city's growing IT sector and the influx of professionals drive demand for rental properties, resulting in attractive returns. Additionally, favourable government policies and infrastructural developments further contribute to the lucrative rental market in Bangalore.
Job Opportunities and Startup Culture:
Bangalore is India's leading IT hub hosting numerous multinational companies and startups. The city offers many job opportunities in various sectors, particularly technology and innovation. If moving here for work, research the job market and network with professionals in the industry to tap into the city's vibrant work environment. The city known for its IT sector is primarily in the Whitefield/ ITPL area. There are also plenty of startups that create a lot of job opportunities. Many people relocate to the city due to employment opportunities. They look for "1BHK flat on rent near me" online to find the ideal residential locality.
Traffic and Transportation:
Bangalore is infamous for its heavy traffic, especially during peak hours. It's essential to plan travelling accordingly and be prepared for longer commutes. Consider living close to your workplace or opting for public transportation, such as buses or Namma Metro, to help you avoid traffic congestion. If you prefer to drive, familiarise yourself with the city's road rules and be cautious while navigating the bustling streets.
Climate:
Bangalore enjoys a pleasant climate throughout the year, with temperatures ranging from mild to moderate. However, it's important to note that the place experiences frequent rain showers. The place enjoys comfortable temperatures throughout the year, with average highs ranging from 27°C to 33°C (80°F to 91°F) and lows from 15°C to 20°C (59°F to 68°F). The city's green cover provides a refreshing ambience and helps maintain the overall mild climate, making Bangalore an inviting place to settle in.
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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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