Whitefield is located in East Bangalore and is a major IT hub of the city. Many IT employees prefer staying in Whitefield due to proximity to the offices. Hence, it has developed as a major residential hot-spot in Bangalore. It is well connected to the other parts of the city through the Outer Ring Road and the upcoming Metro corridor from Byapannahalli to Kadugodi.
Hence, the demand for housing in Whitefield area is always high. As a result the supply is also high.
The rental yield is calculated as = (Annual rental income / Cost of the property) * 100.
The rent from 1BHK would be around 8k to 12k per month and given the cost of a 1BHK in Whitefield would be around Rs. 4200 per sq. ft. The rental yield wold be 3-4.2%.
You could consider investing in 1 BHK flats in apartment societies like Sobha Dream Acres, Sobha Rain Forest, Brigade Woods. Sap Iris.
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I want to buy 1 BHK flat in Whitefield, Bangalore with a purpose to generate rental income. Which are good budget apartments available in Whitefield?
Nandish
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5 Year
2020-11-25T12:27:51+00:00 2020-12-15T16:35:25+00:00Comment
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