House Rents in Bengaluru Surge by 90% in Bagalur as Work-from-Home Era Ends

House Rents in Bengaluru Surge by 90% in Bagalur as Work-from-Home Era Ends

Bengaluru’s rental market is experiencing a significant surge, with some areas witnessing dramatic increases in rent prices. Bagalur, in particular, has seen a staggering 90% rise in rental costs over the past four years. This sharp escalation is largely driven by the end of the work-from-home era, as companies enforce return-to-office mandates, increasing the demand for housing in prime areas of the city.

Whitefield and Sarjapur Road, other popular residential hubs, have also experienced substantial rent hikes, with increases reaching up to 85%. This trend highlights Bengaluru’s growing status as one of the most expensive cities in India for renters. As of the first quarter of 2024, the average monthly rent for a 2BHK apartment in the city has surpassed ₹28,000, reflecting a 24% increase in just the last few months.

The broader rise in rental costs is a direct response to the intensified demand for housing near major employment centers. As more companies push for employees to return to physical offices, competition for available rental properties in desirable areas has become fierce, further driving up prices.

This surge in rental prices is not just limited to Bagalur, Whitefield, and Sarjapur Road but is indicative of a wider trend across Bengaluru, placing additional pressure on residents seeking affordable housing options in the city.

Experts suggest that unless there is a significant shift in demand or an increase in housing supply, these elevated rental costs are likely to persist, further challenging those looking to rent in Bengaluru.

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