Residential Locations To Earn Better Rental Income
Know which localities in Bengaluru, Pune, Gurgaon, Chennai Can Offer You Maximum Rental Returns In India.
Within a area of 10-km from Vidhan Soudha is Bengaluru’s central business district (CBD). Popular for its commercial zones and offices, Vidhan Soudha is quite luxurious in case if you are planning to rent a unit. This year, a 9,000 sqft plot opposite the UB City moved in the market for Rs 44 crore. Apart from the existing wealth of corporate offices here, many under-construction property would be ready to use by 2019-2022. This is the area where you would find a number of schools, hotels, movie theatres, malls and consulates.
Residential areas in the vicinity include Cunningham Road, Cox Town, Fraser Town, and the rents may vary from Rs 20,000 to Rs 1.5 lakh per month. Safety deposit is additional.
If the CBD is out of your budget, try Whitefield. The best part about Whitefield is that while entry prices are reasonable, there is no dearth of options to choose from either. Properties on rent range between Rs 7,000-60,000 per month, depend on whether you are looking at an affordable or open accommodation.
If you are eying Guindy, MRC Nagar and Saligramam, you are in the right direction. IT, BFSI and consulting firms have absorbed seats here and this translates into job growth. Prominent names in the industry such as DLF had said that they would be expanding near Guindy at an investment of Rs 500 crore.
That’s not all. Popular research reports suggest that commercial rents are also viewing an appreciation owing to quality office space. Besides, other developers, such as the Olympia Group, are also in the middle of unveiling added office spaces at Guindy.
In Saligramam, MRC Nagar and Guindy, residential rental value could range between Rs 7,000-70,000 per month, depend on the size of the home, proximity to job bazaars, quality of life in the area, services provided in the housing project and age of the building.
If you are anywhere around the DLF Cyber City, your property investment can give better returns than most other places. Some of the coveted job providers have leased office spaces herein and with the metro rail offering easy commute, the area is far more popular now.
To cater to a multicultural crowd, even studio apartments are being offered by potential landlords. When equipped with the latest and modern facilities, these make for a good product in the rental market. Apartments on rent in and around DLF Cyber City may be in the range of Rs 15,000 to Rs 60,000 per month, depending on the number of rooms in the house, quality, exact location, etc.
Kharadi and Hadapsar are two popular locations for both commercial and residential space buyers. It is equally popular among the migrating workforce, most of who are engaged in the IT/ITes field. In Kharadi, for example, there are over 1,500 projects available for rent. Depending on whether you would like to go in for a studio apartment or a spacious apartment in a popular housing society, rental values will be in the range of Rs 5,500 for a small unit to as much as Rs 2.50 lakh for a spacious 4 or 5BHK unit in a coveted location.