Are rents going down in Bangalore?

There's good news for tenants in Bangalore! After a period of significant rent increases, the Bangalore rental market seems to be experiencing a correction. This means that rents are either decreasing or not rising as quickly as they were before.

Here's a quick summary of what the sources say:

• Landlords are reducing rents by 5% to 10% in city centers due to an increase in available rental properties.

• The rental market is expected to continue to see price corrections throughout 2025.

• This correction follows a period of significant rent increases of nearly 30%–40% in some areas over the last two years.

Experts attribute this trend to a number of factors, including:

• An increase in supply of rental properties.

• A shift in tenant preferences, with some tenants moving to more affordable areas outside the city center.

• The rise of co-living options, which provide tenants with an alternative to traditional apartments.

What this Means for Renters?

If you're looking to rent an apartment in Bangalore, now may be a good time to do so. With rents starting to come down, you may be able to find a more affordable option. It's always a good idea to shop around and compare prices from different landlords before making a decision.

Here are some additional tips for finding an apartment in Bangalore:

• Consider your location: Think about how close you need to be to work, school, or other amenities.

• Set a budget: Determine how much you can afford to spend on rent each month.

• Be prepared to negotiate: Don't be afraid to negotiate the rent with the landlord.

By following these tips, you should be able to find an apartment in Bangalore that meets your needs and budget.

FAQs

Q: Why are rents decreasing in Bangalore?

A: Several factors are contributing to the decrease in rents, including an increase in the supply of rental properties, a shift in tenant preferences towards more affordable areas, and the rise of co-living options.

Q: By how much are rents decreasing in Bangalore?

A: Rents are currently decreasing by an average of 5% to 10% in some areas of Bangalore, particularly in the city center.

Q: Is this a temporary trend or a long-term shift in the market?

A: Experts predict that the correction in the rental market will continue throughout 2025, suggesting a potential long-term shift.

Q: What are the best areas to find affordable rentals in Bangalore?

A: Consider exploring areas outside the city center, such as Whitefield, Electronic City, and HSR Layout, which may offer more affordable options.

Q: How can I negotiate rent with a landlord?

A: Research comparable rentals in the area, be polite and professional, and be prepared to walk away if the landlord is unwilling to negotiate.