Hey Samarth. If you are wondering are rents in Bangalore going down or not, the answer is both yes and no. So, in some areas of the city, which are not in office spaces and around colleges, have reported a decline in rents. These areas include Basaveswara Nagar, Malleshwaram and more. Rents have gone down by about 20 to 30 percent for rental homes in a few areas, while prime areas haven’t undergone any change in the rents. I will share why rents are going down below.
Why are the Rents in Bangalore Coming Down?
One of the reasons is that tenants incoming into the city has reduced in recent times. IT departments have slowed down hiring and overall demand has gone down a bit. Also, layoffs have been happening along with hybrid systems, reducing the people renting homes lately.
With more understanding of the rental market and negotiations, people are able to get homes at a lower rent now, mainly due to reduced demand..
I hope this helps.
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I have been renting out my property for 5 years now and based on my observations, my answer to your query: are rents in Bangalore going down, is yes. Last year, I rented my 2 BHK for Rs 42,000, but this year, I had to settle for Rs 38,000. This has happened because more affordable properties are available, so tenants have better options to choose from.
Are Rents in Bangalore Going Down in 2025?
Rents in Bangalore are indeed going down this year. I am having a firsthand experience of this, so let me tell you the top 3 reasons for this decline:
Availability of Affordable Properties
A good number of rental properties are being constructed every year in this city, but in 2024, at least in Koramangala, I am seeing that the number has considerably increased. So tenants are getting good options to choose from, and due to this increased availability, we landlords are bound to decrease the rent amount to get tenants.
People Working Remotely
My previous tenant got a remote job, so he shifted to his hometown. The increase in remote job options is leading to less demand for rental properties; hence, we have no option but to adjust the rent amount.
Co-Living Options
Tenants usually prefer to live in apartments, but now, they are getting good co-living options at an affordable price, so we landlords are suffering a lot.
These are the top reasons I feel are affecting the rent in Bangalore. I hope the rent won’t go down again.
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Are Rents in Bangalore Going Down?
Samarth7
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8 months
2025-03-13T08:49:46+00:00 2025-03-27T11:46:37+00:00Comment
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