Bangalore's rental market is less limited than that of other major Indian cities. Here is an overview.
Bangalore, formerly known as Kannada, is the capital city of the State of Karnataka. Stretching over some 741 km², it is one of India's major cities, with more than 10 million inhabitants in 2015. Bangalore has become a top destination for expatriation over the years, especially due to the various opportunities that are available there. Indeed, the city is full of career prospects in different fields. Therefore, it can be the ideal place for you if you are looking forward to a professional expatriation.
The city hosts a range of accommodation options at affordable prices. So if you are keen about moving there, take the time to inquire on its rental market so as to decide where you would prefer to settle according to your needs and budget.
Bangalore is divided into several neighborhoods, some of which are very popular with expatriates, namely Cunningham Road, Richmond Town, Levelle Road, Whitefield, Koramangala, Yelahanka, etc. These neighborhoods provide several amenities and facilities, including schools, shopping malls, etc. Moreover, these can be easily accessed by public means of transport, which is definitely a factor to be considered during your search. Note that Bangalore's best international schools are found near Whitefield and Sarjapur Road.
Whitefield is, above all, an IT center where most of the city's IT company's have grouped up. It also hosts several modern apartment buildings, some of which even have a swimming pool, a tennis court, a gym, etc. You can also find villas and luxurious apartments in this neighborhood. Koramangala, for its part, is a bustling neighborhood with several restaurants, boutiques, libraries, shopping malls and gaming galleries, etc.
Yelahanka, which is found near the Kempegowda International Airport, is a modern residential neighborhood, hosting several prestigious boutiques. You can also turn towards neighborhoods like Benson Town, Indira Nagar and Dollars Colony. Finally, Anekal, Mysore Road and Debanahalli, which are found in the outskirts, have greatly been developed by well-known real estate promoters. Thus, you can find big and luxurious villas there.
Bangalore has a more developed rental market than other major cities, providing a range of apartments, some of which are individual while others are found in huge residential complexes, not to mention houses and villas. Moreover, rent prices in Bangalore are lower than in other cities, but these still vary from one neighborhood to another and according to the different types of accommodation.
Hence, you will need an average of INR 13,000 per month for a single-bedroom apartment in the city-center against an average of INR 7,900 per month for the same type of housing unit in the outskirts. For a three-bedroom apartment, you will need an average of INR 32,000 per month (equal to 1,200 euros) in the city-center and around INR 20,800 per month in the outskirts. Consequently, a five-bedroom apartment will cost not less than 1,800 euros per month.
As regards villas, rent prices generally start as from 3,000 euros per month.
There are various ways to look for accommodation in Bangalore. You will probably start by browsing offers on the Internet thanks to numerous general and specialized real estate websites. Consider checking out classified ads in local newspapers as well. You never know! If you have friends and contacts on the spot, word-of-mouth may also help.
You can also register with a real estate agency to have more chances of finding accommodation as per your criteria more rapidly. But you will have to pay a commission which is generally equal to a month's rent.
Good to know:
You are also very likely to pay a security deposit to the owner when signing the lease documents, that is generally equal to 10 months to a year's rent. However, this sum will be refunded to you on your departure.