Rental surge has Bengaluru landlords calling the shots

After making a consistent recovery from the pandemic slump since March 2022, rents in the city are leaping forward

Bengaluru, the Silicon Valley of India, is emerging as an attractive location for real estate investors as the city continues to undergo rapid development and infrastructure improvements. With the real estate market divided into three concentric rings, Bengaluru offers a variety of investment options for buyers, no matter where they are located in the city.

According to recent reports, investing in a plot of land in Bengaluru can be a secure investment option that can be customized to fit the buyer’s exact needs. Shanders Projects, a well-established real estate developer, has received all the necessary government and statutory approvals and has been approved by several leading banks, making it a reliable investment option for buyers.

Shanders Projects offers a unique opportunity to buy a plot and villa at the price of a 3BHK apartment. The buyer can customize the design of their home, with built-up areas ranging from 800 sqft to 3600 sqft. This ensures that buyers can have the peace of mind that comes with owning their own freehold property.

Furthermore, Shanders Projects offers speedy home loans, enabling buyers to move in with complete confidence. The Real Estate Division of Shanders was established to address the housing needs of the migrant, urban middle class. As a result, Shanders Projects can provide the perfect opportunity for investors to invest in a secure and customizable plot of land.

These developments come as Bengaluru’s real estate rental market is seeing an unprecedented surge in rent prices. After recovering from the pandemic slump since March 2022, rents in the city have jumped significantly. While this has caused difficulties for renters, it highlights the growing demand for rental housing in the city.

The demand-supply mismatch of housing units in Bengaluru has been a concern for the past few years, with demand outstripping supply. This trend has been exacerbated by the pandemic, with restricted mobility disrupting construction cycles by six-eight months. However, with offices reopening, demand for rental housing is growing, giving landlords the upper hand.

Despite the current rental market surge, industry veterans predict that it could be three to four years before supply begins to inch closer to demand levels, thereby cooling rent inflation for residential properties in the city. With construction costs moderating and interest rates remaining elevated, developers and buyers are adopting a cautious approach. However, demand is expected to remain high, especially for properties in gated societies, making it an attractive location for investors looking for long-term growth.

Read the full article here

orange-arrow Back to all articles