The ever-expanding IT workforce has been fueling the demand for rental housing in several localities in Bangalore. And, those places have recorded commendable growth and rental yields for years.

In addition to that, you can now see a paradigm shift in the mindset of people. They no longer wish to buy a house out of social obligation. A good number of millennials nowadays prefer to rent a house as they want to stay closer to their office.

According to some of the best architects in Bangalore, we have listed down some of the best areas that are great for garnering a high rental yield.

1) Electronic City

The Electronic City was established back in 1978 and is considered one of the most prominent IT hubs. Nestled 20km from the city centre, it is one of the biggest industrial parks in the country housing MNCs, firms, and global majors.
The Hosue Road runs parallel to the place which connects to Silk Board Junction, Bridge Road, and Madiwala. In addition to that, Electronic City Bus Depot caters to the requirements of other sub-localities that are present near the region. This area is comprised of schools such as DPS, Silicon Valley High, and Treamis World School, and several healthcare facilities.

2) Whitefield

An area that needs no introduction. This place is one of the most preferred IT and residential catchments and is the heart of the eastern suburb, as suggested by several house architects in Bangalore. The presence of IT companies, great connectivity via the Outer Ring Road, and immense growth of social infrastructure are some of the reasons why the rental demands in this area are skyrocketing.

3) Kaggadasapura

Kaggadaspura is a newly developed East Bangalore residential area, and it is showcasing high rental yields. This is because a myriad of IT employees work at Manyata Tech Park, Electronic City and HSR layout and they prefer renting out an apartment in Kaggadasapur as the commute is less stressful.

In addition to that, the aforementioned places (Manyata Tech Park and Electronic Hubs) are employment hubs that strengthen the rental potential of this area. Now coming to the social infrastructure, this place is full of impeccable institutions like Orchids International and Good Samaritan Public School, and healthcare facilities like Comfort Multispeciality, clubs, and gyms.

Conclusion

The rental landscape of Bangalore is an amalgamation of consistently preferred localities such as Electronic City as well as emerging areas with a phenomenal rental return like Kaggadaspura and Whitefield. The aforementioned areas in the city are ideal for garnering income, from a developer and investors’ perspective.

Author's Bio: 

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