The article discusses about the current scenario of residential real estate segment of Bangalore.
There are a number of flats and apartments in Bangalore, which are out for sale for rent and are seeking buyers. However, most of these flats are 1BHK or 2BHK flats and apartments, offering style and wide-area, while being affordable and elegant. Due to the emergence of the IT, ITES, BPO and business sector in the city, there has been an increased demand for residential properties in the residential localities of the city, along with the sub urban areas. In the recent years, despite the global economic slowdown, a flat in Bangalore has always been in the high demand.
Since buying a flat in Bangalore can be a very costly affair, people are finding it a better option to take flats on rent. Rents vary greatly depending on the location you want to reside in and the demand of the property. It is common practice to ask for a deposit of anything between six months to a year in advance. This is even before one is moved into the rental home.
Also, keep this thing in mind that until you have made the payments and signed the documents, the terms and conditions may change. It is a common practice among the common for landowners to make promise of an apartment just to give another person if the other party offers a higher rent. Therefore, everything must be in writing and the customers are advised to move in the apartment as quickly as possible.
If you are thinking about renting an apartment in Bangalore, it is better to go through a professional real estate agency. The reputed real estate agents have good contacts that can definitely help to find the dream home for you. A number of websites are there to help you in your home search; you just need to include the type of home you are searching, the preferred location as well as your budget. Online searching often gives good results. However it is always advisable to personally check the place which you are about to take on rent so that you are aware of the things that are required to be corrected, if any!
Bangalore has been facing the increased population with thousands of people coming to the city for the purpose of education or shaping their career and eventually announcing the city as their second home. The city has a mysterious charm and most people from the small town have been making Bangalore as their residence as they are charmed by the charisma of the city. Students pursuing their studies from various colleges of Bangalore have given a holistic approach to education.
Besides some specific demands for a 3 BHK flat in Marathahalli or a 3 bhk flat in Hebbal, there are people who have been asking for pent houses and independent houses for rent as they love living their life king size and prefer their personal space. These properties are given on higher rents as compared to the flats and apartments; still there are a big number of people who seek such properties to lease.
Author Bio: Rashmi Karan writes on the behalf of 99Acres.com, which is the leading real estate portal providing genuine and accurate information about the current real estate trends regarding purchase and sale of both residential and commercial properties across nation.