Rentals Rise in Bangalore

Buying a land, plot or flat in real estate in Bangalore is becoming unreachable and therefore more and more people are choosing to take a residential property in Bangalore on rent which lies in close proximity to their office location. The capital city of Karnataka is witnessing lack of space making it difficult for people to find a suitable residential property in Bangalore to purchase. Even though currently there are no buyers in the market the prices of Bangalore property seem to rise unfailingly. It has been seen that in the last few years people who wanted to buy a property in Bangalore at affordable prices were forced to look in suburban areas or on the city’s outskirts. But prices of Bangalore property in these suburban locality have also sky-rocketed, this has left a bad taste in the mouth of the buyer who are clueless about how to busy a suitable property Bangalore.

Fraudulent property deals, delay in possession of property in Bangalore, fake promises by dealers, have made investors wary from investing in property Bangalore. It seems that property in Bangalore can now only be afforded by the rich and affluent. This is the reason why the Bangalore property market does not invoke any interest from both end-users and the investors. Skyrocketing property prices have made Bangalore property market unsuitable for buying and therefore for many people choose to take Bangalore properties on rent. Also, traveling in Bangalore is a headache and so people prefer to pay extra money to rent a flat near their office in exchange for comfort and convenience. Since the supply of properties in Bangalore is not increasing according to the huge demand, the rentals are also now increasing and touching the roof, now only time will tell when will rentals in the capital city of Karnataka will stabilize.