IT/ITES segment accounts for approximately 75% of Bangalore's residential real estate market. Nearly 80% of inmates (mostly young single working adults) returned to their hometowns to save on rent during the first wave. A deadly second wave has created new vacancies in these buildings. In the Indian rental housing market, especially in IT-driven cities like Bangalore, after the second wave, multifamily vacancies increased and rents fell as companies expanded the option to “work from anywhere.”
Capitalizing on the surge in IT salaries, the real estate firms are seen to be positive about banks. Demand for residential property in Bangalore is at an all-time high, driven by increased employment by info tech and start-ups along with hefty pay raises. As the pandemic effect is easing out, the Bangalore rental housing market is witnessing a recovery. Factors affecting Real Estate Market Growth The size and scope of the real estate market make it a lucrative sector for many investors. The housing market is subject to changes in economic conditions, interest rates, real incomes and population density. The factors that play important role in real estate market growth –
Therefore, Property Management and Rental Company’s role has become important to provide affordable rental houses to the people in need. SANGAU is a top-rated Property Management and Rental company offering comprehensive 2BHK for rent Bangalore & 3BHK for rent Bangalore support services. The company offers two plans – BASIC and PREMIUM. The company is committed to delivering smooth and effective property management services whether they are apartments or villas within Bangalore. All properties managed by SANGAU are verified and tenants are always renting properties from the company. Tenants can choose from a large portfolio of semi-furnished or fully-furnished homes for rent in Bangalore. The features of its service include-
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AuthorSANGAU is a Property Management and Rental company with operations in Bangalore. We are in operation since 2007 and provide services to property owners and tenants. Archives
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