Rental apartment in Bangalore 20 percent costlier
With the rising price for apartments, residents of Bangalore are opting to rent an apartment in Bangalore.
The increasing demand for rental apartment results in rise of rental rate. It is observed that the cost of renting has been increased by 20% in the last 12 months.
In Bangalore the apartments in Brookfield saw about 22% rise in rental rate recently.
The residential complexes near by many IT parks are very high in demand for rent.
As traffic is a bigger factor for the residents of Bangalore, everybody tries to stay nearby the workplace. That is why the demand of apartments in Bangalore are increasing in various locations.
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Apartments in Bangalore have increasing demand
Source : The Hindu Business Line
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