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Monday, 19 May 2014

Every landlord expects to have good rental returns from their investment. This holds good for landlords all over the country and also NRIs. Especially when it comes to Bangalore, the landlord expect much more due to the booming IT sector and the increasing demand for rental houses or apartments.

Locations such as Sarjapur Road, Electronic city and Whitefield can attract healthy rental returns for you. Let us look at what these respective locations have to say for you in terms of rental returns:

Sarjapur Road
 
Located towards the eastern direction of Bangalore, the locality yields the top rental returns. property in Sarjapur road happens to be the most wanted locality to meet the rental demands due to the strategic location. It is well connected to Koramangala which is at the centre of city at a distance of 6 to 7 km. Upon this, it is very much accessible to the IT companies at Electronic city and Whitefield.

The locality has recorded a gross yield range of 4.13 to 5.13 per cent quarter-on-quarter with an average of 4.50 per cent. The average capital values in the locality ranges from Rs 4,100 to 5,700 per square feet. Therefore, a 1000 square feet apartment priced roughly between Rs 41-57 lakhs would yield a healthy annual return of 4.50 per cent which is around Rs 1.80 to 2.50 lakhs. This directly means that as the landlord you can earn anywhere between Rs 15,000-20,000 as the monthly rent.
 
Whitefield



Another IT hub at Bangalore, Whitefield property, recorded a gross rental yield of 4.48-5.13 per cent during January- September 2013. On an average, an apartment in this particular locality is priced between Rs 3,800-5,200 per square feet. Therefore, you can earn around Rs 1.80-2.50 lakhs as the annual rental income from these apartments.

The average rental value of a 2 BHK apartment varies from Rs 15,000-20,000 which is expected to increase to the level of Rs 30,000 per month in a few cases.

Electronic City



On an overview, the average capital value for an apartment at Electronic city varies between Rs 3,100 to 4,100 per square feet and thus a 1,000 square feet apartment which is priced anywhere between Rs 31-41 lakhs will yield an annual rental income of about Rs 1.60-2.10 lakhs. To be specific, the monthly rental returns will be around Rs 13,000-17,500 per month.

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