house in Bangalore – is likewise referred to as Silicon Valley from the country as major IT companies are based in here like Wipro, Infosys etc. There‘s also good universities in Bangalore, students over the country come here for further education in engineering, medicines, fashion designing, architecture etc. Some come here for treatment because there are excellent world class hospitals like famous heart hospital Narayana Hrudayalaya, where people not just derive from all over India but additionally from abroad for treatment.
People that have in which to stay Bangalore for short periods like students, people coming for treatments or young jobseekers need to survive rental basis.
The rental properties include flats, independent houses, bungalows, paying guest accommodation, apartments, rooms inside a house and time share property. Most of the companies provide accommodation for their staff. One could get commercial property, office space, industry property, storage space and retail space on rent for business purpose.
Even banks have come out by having an innovative scheme of providing loans for property owners, that have rented / leased their properties to banks, insurance company, PSU, multinationals, embassies etc. The scheme provides loans against future rent receivable of that owners.
Using the increase in number of individuals migrating to Bangalore in recent years Bangalore house rents have increased. Normally, owners that have greater than one house give their other houses on rent to students, usually when the apartment is near any from the universities. Bangalore house rents tend to be more inside the city in comparison to its outskirts. In recent survey the interest in rented properties was maximum in South Bangalore