Reality of rents in HSR/Koramangala/Madiwala
People laughed at me when I asked for decent living spaces below 10k at these locations. It took 2 days, i went for a walk in the streets of Koramangala and HSR layout. And found multiple 1rk's less than 8k and multiple 1bhk's less than 12k. There are a lot of furnished 1bhk apartments with rent ranging from 15k to 18k. To all the people who are new to Bangalore, don't fall prey for hefty rents, do roam in and around the surroundings.. you will find good places within the budget. Surprisingly there are plenty of vacant spaces and soon the prices will come down.
In the 5th block of Koramangala you can find a few. And in the 1st stage of HSR layout .
Equitymaster
Stealth
9 months ago
All real estate platforms are full with brokers and builders. Real landlords are still sitting in there homes waiting for right tenent. So roam around the city lanes and you will find the property that matches your budget. I did it Mumbai and I am doing same in blr for buying property.
You seem to be referring to group houses or independent houses probably with no facilities like lift, 24 hour backup, security etc. Almost all the apartment owners use online portals now. And HSR, Koramangala giving a furnished 1 BHK for less than 12k is not possible. What apartment is it? I live 10 min away from HSR layout and own a flat. 35,000 for a 3 BHK is minimum. Add maintenance too. 2 BHK is 25k. In much bigger apartments the rent is even higher.
I meant for Semi Furnished, i won't expect Furnished ones below 15 to 20k. Yeah all the properties I visited were independent houses and most of them are 2 floors.
You literally made a mountain out of a mole. 2 floors houses probably where even the stairs would be cramped, just get the work done type basic kitchen setup. I doubt if they even have an electric chimney. They are not called apartments in the first place. Nevertheless, you may have seen most of these in first or worst 2nd or 3rd floors where no families would accept. They are left overs waiting for bachelors. You would struggle even to get a washing machine or a fridge to be lifted there by labourers. Such houses are relatively cheaper. It's nothing new. You are probably new to Bangalore or New to house hunting.
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Arkygenesis
Student
9 months ago
Hey brother how do you look for rental houses ? Any tips ?
Try to visit the locality on a bike with a local friend or someone who knows Kannada, just roam around every corner, prefer dead-ends. If someone says 15k, ask for 10k and try to negotiate saying you're new to the city and this is your 1st job. You can make a deal by 11 to 12k you can convince.
MightyLazyGeekStar
Stealth
9 months ago
On a short trip to Bangalore from Hyderabad, I’ve realised the vibe here is just something that Hyderabad can’t compete with. Someone please get me a job here 🥲🥲🥲
Brutallyhonest
Stealth
9 months ago
Babai 🙏
I don't doubt it at all. I'm surprised you thought independent buildings have any control over the rent. The high rents are usually associated with society apartments. Those that provide amenities along with 24x7 security.
DesignTinker
Stealth
9 months ago
That’s awesome @Kondanna
I guess we have become to dependent on online property portals and brokers who will try to promote expensive properties to get more brokerage.
Brutallyhonest
Stealth
9 months ago
Bengaluru have small lanes and crowed areas too.
SabChangaSi
Stealth
9 months ago
I agree with this. Don't take what's written on any platform as the reality. Check for yourself. You can actually find stuff if you look yourself.
Yeah, people are just hyping everything. When we don't know the reality and are not able to negotiate, obviously we will get looted.
1 bhk for 12k? Damn, sounds like such a good deal! Been searching for places in Mumbai and 1bhk starts from 30k, definitely not jealous :(
Onepercenteveryday
Stealth
9 months ago
Couldn’t agree more with you. I did the same when I was scouting a flat for self in Koramangala area.
😛 why would I lie ? I really found the properties below 12k, even today i have seen 1 2bhk for 16k. You have to negotiate, 1bhk you can get for 12k easily. If you want furnished ones, that's a different thing.
Unknownwho
Stealth
9 months ago
Can you give me some leads? I’m in a house hunt rn.
Unknownwho
Stealth
8 months ago
Hsr, btm layout
SoreMeme47
Stealth
9 months ago
Congratulations @Kic , your observations have started to create panic among landlords 😂. When it comes to house hunting you try to find what suits your needs, and what you are suggesting makes sense. I have tried that in the past and you do find reasonable landlords and rents much lower than the quoted amount. Its the brokers and landlords with multiple properties who are driving this narrative of increasing rents.
Are these standalone apartments or independent buildings? I doubt you will find 1RKs in societies
Damaru
Stealth
9 months ago
Independent societies have their own price range ,
Looking for PG near HSR, sector 6, private share. Asking me for 13k. Is it reasonable to stay spending 13k per month ?
I am new to Bangalore have no Idea ! Kindly someone help !
Is your office located at HSR ? Are you looking for a private room in the pg ? If so why don't you go for 1rk, which is cheaper and best if you are planning to stay for a longer time.
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