bengaluru rental yield report

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The Bengaluru Rental Yield Report Credits:Augustus Binu/www.dreamsparrow.net

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Page 1: Bengaluru Rental Yield Report

The Bengaluru Rental Yield Report

Credits:AugustusBinu/www.dreamsparrow.net

Page 2: Bengaluru Rental Yield Report

IREF Bengaluru Rental Yield Report |2

Contents

Definition of Rental Yield .................................................................................................................................... 3 Significance of Rental Yield ........................................................................................................................... 3

Bengaluru in Numbers ........................................................................................................................................ 4 Interpretation ................................................................................................................................................... 4

Bengaluru Locality Rental Yields ....................................................................................................................... 5 Gross Rental Yield for Unfurnished Houses Weighted by Built Up Area ..................................................... 5 Interpretation ................................................................................................................................................... 5

Bengaluru 2 BHK Rental Yields ........................................................................................................................... 6 Interpretation ................................................................................................................................................... 6

Bengaluru 3 BHK Rental Yields ........................................................................................................................... 7 Interpretation ................................................................................................................................................... 7

Other Considerations Before Buying ................................................................................................................. 8

Appendix 1 .......................................................................................................................................................... 9

Appendix 2 ........................................................................................................................................................ 10 Locality-wise Rental Yield for Unfurnished Houses in Bengaluru .............................................................. 10 Locality-wise Rental Yield for Furnished Houses in Bengaluru .................................................................. 20

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Definition of Rental Yield

Gross rental yield of a single property is defined as the ratio of gross annual rent income, from the property, to the purchase price of the property. For example, if a landlord earns a gross rent income of INR 50,000 per month for 12 months on a house that is priced at INR 1,00,00,000 in the market, she will earn a gross rental yield of 6%. A house, bought with the intention to rent out, is an investment in real estate similar to any other investment with an equivalent risk profile. The Return On Investment (ROI) in real estate, then, is the net annual rent income aka Net Operating Income (NOI) which is defined as gross rent income minus expenses, annually. Expenses include vacancy losses, collection losses, concessions given to tenants, operating expenses and property taxes. NOI depends on how well a landlord can negotiate the above expenses with the tenant. Therefore, NOI and net rental yield cannot be calculated on a micro-market level for a locality; however, gross rental yield can. Then, it can be used to compare the investment potential of different localities.

Significance of Rental Yield From an investment point of view, houses with not only higher absolute rental incomes but also lower absolute purchase prices are the ones that give the maximum ROI. Hence, the metric “gross rental yield” is of prime importance in comparing alternative investment opportunities; a higher gross rental yield is better.

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Bengaluru in Numbers

Interpretation In addition to offering one of the highest rental yields among the 7 metros of India, Bengaluru is much more affordable with an average buy price of 4300 per sqft**. In comparison, Mumbai Metropolitan Region and Delhi – NCR offer an average buy price of 5700 per sqft** and 5000 per sqft**. However, these are the citywide averages (containing localities where real estate transactions were prevalent i.e. in significant numbers) and not representative of different localities in Bengaluru. The following pages provide an in-depth locality wise analysis.

**Source: IREF Research Q3, 2015, *Source: KnightFrank Research H1, 2015

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Bengaluru Locality Rental Yields In the following pages, Bengaluru locality rental yields on the secondary market are shown on scatter plots where you can compare the average rental yield of a locality with the affordability of that locality and different localities with each other.

In order to avoid clutter on the scatter plots, only those localities which have number of listings more than a threshold are shown; this threshold is mentioned along with the scatter plot. However, rental yield calculations have been made for all localities satisfying the conditions shown in Appendix 1; all these localities’ rental yields are shown in tabular format in Appendix 2 at the end of this report.

Gross Rental Yield for Unfurnished Houses Weighted by Built Up Area

Interpretation In Q3, 2015, there were 128 localities where buying and selling of real estate was prevalent (more than 30 listings per locality).

In the figure above, as the affordability decreases (price per square feet increases) the rental yield decreases. For example, it is more affordable to buy a house in Electronic City rather than Vijayanagar. The difference in average monthly rents is not stark in these localities (Electronic City: INR ~14000 to INR ~14500 and Vijayanagar: INR ~11300 to INR~12300). However, there’s a huge difference in the average buy prices weighted by area (Electronic City: ~INR 36.25 Lakh to ~INR 37 Lakh and Vijayanagar: ~INR 72 Lakh to ~INR 76 Lakh)

HSR Layout is majorly a residential locality where buy prices are quite high because of its proximity to major commercial areas of Bengaluru. Though Electronic City is only 10 kilometers away from HSR Layout, buy prices are lower in Electronic City because it’s outside the main city. However, rental demand is extremely high in ECity because of large influx of IT professionals into the area.

Number of localities:28 Threshold: More Than 350 listings per Locality

Size of bubbles: Rental Supply per Locality

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Type: Unfurnished Houses Number of localities:59

Threshold: More Than 100 listings per Locality Size of bubbles: Rental Supply per Locality

Type: Furnished Houses Number of localities:59

Threshold: More Than 100 listings per Locality Size of bubbles: Rental Supply per Locality

Bengaluru 2 BHK Rental Yields

Interpretation In Q3, 2015, there were 109 localities in Bengaluru where buying and selling of 2 BHKs was prevalent (more than 30 listings per locality). In Bengaluru, the rental yield for unfurnished 2 BHKs is ~3.28% and for furnished 2 BHKs is ~4.84%, i.e. you can achieve ~50% higher rental yield on furnishing your property before renting out.

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Type: Unfurnished Number of localities:22

Threshold: More Than 55 listings per Locality Size of bubbles: Rental Supply per Locality

Bengaluru 3 BHK Rental Yields

Interpretation In Q3, 2015, there were 54 localities in Bengaluru where buying and selling of 3 BHKs was prevalent (more than 30 listings per locality). Balagere turns out to be the best locality for investment with rental yield as high as 8.5% for a furnished 3 BHK. If you prefer buying a 3 BHK, Electronic City should not be preferred as only for an average increase of INR ~300 per sqft in buy price, you can gain ~1.6% more rental yield in Balagere.

Type: Furnished Number of localities:22

Threshold: More Than 55 listings per Locality Size of bubbles: Rental Supply per Locality

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Other Considerations Before Buying There are several other considerations like financial, demographic, locational, etc. that you should look at before buying a house, even if it is your second or third house. This report, however, considers only one of these aspects i.e. rental yields. IREF Research will publish further reports on these other factors as well. Please turn over to view Appendix 1 and Appendix 2.

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Appendix 1 The calculation methodology for the residential rental yields is explained in the following steps.

1. All the listings are from Housing.com for secondary markets in Delhi, NCR, Mumbai, Pune,

Bangalore, Hyderabad, Chennai and Kolkata for the last 3 months were considered for this index.

2. Transaction price for each negotiable listing is assumed to be 95% of the listing price. Transaction price for each non-negotiable listing is assumed to be the same as the listing price.

3. The set of transaction prices for each locality is in fact only a sample set which is not representative of all the transactions that took place in the locality in the last 3 months. Hence, we have used statistical wizardry to develop estimates of the average buy and rent prices in each locality, separately for different configurations (for example 1BHK, 2BHK, 3BHK, etc.).

The following steps were followed for each individual locality and configuration in that locality, for furnished rent prices, unfurnished rent prices, buy prices and buy prices per square feet.

4. The different parameters that we considered while computing the price ranges are shown in the table below. Parameter (Transaction Price in a locality for a configuration)

Population Set Sample Set (Listings)

Mean µ x Standard Deviation σ s

5. The Central Limit Theorem (CLT) states that irrespective of the distribution of transaction prices in

the population set, the distribution of sample means is normal. This means that on taking “n” samples out of the population and then taking their means (x1,x2,x3,….,xn) will yield a normal distribution as shown below.

6. For CLT to be valid, the following two conditions must be satisfied.

Where, n is the no. of observations in the sample set, K3 is the skewness and K4 is the kurtosis of the sample set distribution.

7. If the CLT conditions were satisfied for a configuration in a locality, The (1-∝)% confidence intervals (using t-values) from the sample data were calculated. These intervals are as shown below. Where, ∝ was assumed to be 0.05 (in line with industry standards) and !"#$,&#" is defined as shown below, with different terms having their usual meaning.

'~) *+, ,-

. /

. > 10 ∗ 45- . > 10 ∗ 46

[7 − !"#$,&#" ∗ 9√& , 7 + !"#$,&#" ∗

9√&]

!"#$,&#" =7 − += ∗ √.

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8. These (1-∝)% confidence intervals can be interpreted as follows – If you take out 100 samples

from the population of residential real estate transactions in a locality for a particular configuration, then in (1-∝)*100 of these samples the sample mean will lie within the confidence intervals.

Appendix 2

Locality-wise Rental Yield for Unfurnished Houses in Bengaluru

Locality Region BHKAvg.RentalYield

RangeofAvg.RentalYield

Avg.MonthlyRent(INR)

RangeofAvg.Rent(INR)

Avg.RateperSqFt(INR)

RangeofAvg.Rate

AgraharaLayout NorthBangalore 2 4.77% 4%-5.61% 20583 17982-23184 4421 4267-4575

Akshayanagar SouthBangalore 2 4.74% 4.24%-5.28% 17465 16015-18914 3827 3743-3912

Akshayanagar SouthBangalore 3 3.9% 3.48%-4.36% 18518 17234-19802 3812 3659-3965

Akshayanagar SouthBangalore Overall 4.32% 3.94%-4.71% 17452 16381-18523 3823 3750-3895

Anantapura NorthBangalore 2 3.41% 2.93%-3.95% 12783 11607-13959 3952 3731-4172

Anantapura NorthBangalore Overall 3.51% 3.05%-4.03% 15364 14033-16695 3998 3842-4154

AnnapurneshwariNagar

WestBangalore 2 3.34% 3.08%-3.62% 14393 13801-14986 4621 4447-4795

AnnapurneshwariNagar

WestBangalore 3 3.8% 3.52%-4.09% 20703 19845-21562 4683 4532-4833

AnnapurneshwariNagar

WestBangalore Overall 3.22% 3.01%-3.45% 16061 15438-16684 4711 4599-4822

Arakere SouthBangalore 2 3% 2.78%-3.23% 14384 13938-14831 4736 4553-4919

Arakere SouthBangalore Overall 2.66% 2.49%-2.85% 14098 13690-14505 4928 4781-5075

Balagere EastBangalore 2 5.41% 5%-5.84% 19145 18305-19984 3584 3467-3700Balagere EastBangalore 3 5.89% 5.51%-6.29% 24125 23474-24776 3470 3340-3599Balagere EastBangalore Overall 5.72% 5.39%-6.06% 21709 21029-22389 3531 3445-3618

Banashankari CentralBangalore 2 2.51% 2.32%-2.7% 12400 11920-12880 5258 5089-5428

Banashankari CentralBangalore 3 3.1% 2.85%-3.36% 18996 18082-19911 5081 4930-5232

Banashankari CentralBangalore Overall 2.3% 2.17%-2.44% 12952 12551-13353 5144 5032-5256

Banaswadi NorthBangalore 2 2.72% 2.41%-3.07% 15125 14321-15928 5166 4885-5447

Banaswadi NorthBangalore 3 2.76% 2.34%-3.24% 17661 15924-19399 5344 5001-5687

Banaswadi NorthBangalore Overall 2.54% 2.31%-2.79% 15182 14485-15879 5264 5053-5475

BangaloreCityMunicipal

SouthBangalore 2 4.15% 3.91%-4.4% 14769 14312-15226 3815 3730-3901

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Locality Region BHKAvg.RentalYield

RangeofAvg.RentalYield

Avg.MonthlyRent(INR)

RangeofAvg.Rent(INR)

Avg.RateperSqFt(INR)

RangeofAvg.Rate

CorporationLayout

BangaloreCityMunicipalCorporation

Layout

SouthBangalore 3 4.13% 3.7%-4.58% 17777 16256-19299 3827 3715-3938

BangaloreCityMunicipalCorporation

Layout

SouthBangalore Overall 4.04% 3.8%-4.29% 15763 15180-16345 3830 3762-3898

Basapura SouthBangalore 2 4.69% 4.43%-4.95% 16889 16266-17512 3781 3716-3847

Basapura SouthBangalore 3 4.4% 4.17%-4.64% 18793 18271-19314 3659 3581-3737

Basapura SouthBangalore Overall 4.47% 4.26%-4.69% 17310 16779-17842 3740 3686-3794

BasaveshwaraNagar

WestBangalore 2 2.64% 2.38%-2.91% 14171 13356-14987 5706 5551-5861

BasaveshwaraNagar

WestBangalore 3 3.03% 2.76%-3.34% 19990 19043-20936 5695 5455-5935

BasaveshwaraNagar

WestBangalore Overall 2.58% 2.38%-2.81% 15213 14499-15928 5701 5572-5830

Battarahalli EastBangalore 2 3.05% 2.74%-3.39% 11571 10918-12224 4035 3836-4234Battarahalli EastBangalore Overall 2.85% 2.57%-3.15% 11865 11225-12506 4051 3888-4214

Begur NorthBangalore 2 3.67% 3.44%-3.91% 12962 12522-13402 3878 3774-3982

Begur NorthBangalore 3 4.18% 3.74%-4.66% 19126 17716-20537 3760 3647-3872

Begur NorthBangalore Overall 3.38% 3.18%-3.6% 13182 12744-13621 3851 3770-3932

Bellandur EastBangalore 2 4.04% 3.83%-4.27% 18378 17925-18831 4368 4254-4482Bellandur EastBangalore 3 4.37% 4.04%-4.73% 22297 21491-23103 4207 3999-4415Bellandur EastBangalore Overall 3.79% 3.59%-4% 18155 17642-18669 4317 4207-4426

Bikasipura SouthBangalore 2 3.23% 2.85%-3.65% 14837 13890-15784 4804 4504-5105

Bikasipura SouthBangalore Overall 3.24% 2.9%-3.61% 16384 15514-17255 4822 4604-5039

Bilekahalli SouthBangalore Overall 2.98% 2.7%-3.3% 14324 13961-14687 5058 4760-5356

Bommanahalli SouthBangalore 2 3.89% 3.66%-4.14% 15784 15264-16304 4224 4127-4321

Bommanahalli SouthBangalore 3 3.27% 3.03%-3.52% 20192 19064-21319 4742 4657-4826

Bommanahalli SouthBangalore Overall 2.74% 2.6%-2.89% 14552 14150-14954 4567 4497-4637

Bommasandra EastBangalore 2 4.51% 4.23%-4.81% 12221 11659-12783 2981 2936-3025Bommasandra EastBangalore Overall 3.97% 3.72%-4.25% 11486 11014-11959 3092 3037-3147

BTMLayout SouthBangalore 2 3.11% 2.84%-3.43% 15702 15305-16100 4859 4569-5149

BTMLayout SouthBangalore 3 4.3% 3.85%-4.8% 23477 22180-24774 4360 4122-4598

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Locality Region BHKAvg.RentalYield

RangeofAvg.RentalYield

Avg.MonthlyRent(INR)

RangeofAvg.Rent(INR)

Avg.RateperSqFt(INR)

RangeofAvg.Rate

BTMLayout SouthBangalore Overall 2.48% 2.33%-2.65% 13064 12829-13299 4616 4426-4807

BTMLayout1 SouthBangalore Overall 1.87% 1.73%-2.03% 13509 13018-14000 NA NA

Byadarahalli WestBangalore 2 2.4% 1.99%-2.89% 12378 11112-13644 NA NA

Byadarahalli WestBangalore Overall 2.5% 2.08%-3% 12582 11317-13846 NA NA

Byagadadenahalli SouthBangalore Overall 5.65% 4.4%-7.21% 17084 14714-19454 3037 2886-3188

CVRamanNagar EastBangalore 2 3.46% 3.15%-3.8% 14727 14108-15345 4479 4304-4653CVRamanNagar EastBangalore Overall 3.07% 2.81%-3.36% 14512 13962-15062 4445 4299-4591Chambenahalli EastBangalore 2 6.93% 6.41%-7.5% 20844 20047-21641 3513 3416-3610Chambenahalli EastBangalore Overall 7% 6.5%-7.53% 21088 20328-21849 3484 3392-3577ChandraLayout

ExtensionWest

Bangalore 2 2.73% 2.44%-3.04% 14062 13104-15019 5472 5313-5632

ChandraLayoutExtension

WestBangalore Overall 2.71% 2.43%-3.02% 14092 13114-15069 5480 5335-5625

Chansandra SouthBangalore 2 4.77% 4.22%-5.34% 16997 15326-18668 3723 3654-3791

Chansandra SouthBangalore Overall 3.54% 3.21%-3.89% 12978 12029-13927 3732 3670-3794

Chikkakannalli SouthBangalore 2 5.26% 4.8%-5.74% 19537 18460-20615 3859 3768-3949

Chikkakannalli SouthBangalore 3 4.97% 4.61%-5.37% 24950 24459-25441 4378 4172-4584

Chikkakannalli SouthBangalore Overall 5.27% 4.89%-5.67% 23368 22696-24039 4146 4023-4268

Chikkalasandra SouthBangalore 2 2.99% 2.65%-3.38% 12128 11368-12888 4234 4045-4424

Chikkalasandra SouthBangalore 3 3.75% 3.36%-4.18% 17779 16551-19006 4068 3949-4187

Chikkalasandra SouthBangalore Overall 2.76% 2.51%-3.04% 12582 11872-13291 4163 4057-4270

Chokkanahalli NorthBangalore 2 4% 3.68%-4.33% 18285 17194-19377 4455 4370-4540

Chokkanahalli NorthBangalore Overall 3.76% 3.43%-4.1% 18552 17300-19805 4571 4496-4645

Choodasandra EastBangalore 2 4.13% 3.66%-4.68% 15556 14745-16366 3848 3646-4050Choodasandra EastBangalore Overall 3.35% 3%-3.75% 14854 14127-15581 3856 3713-3998

Choudadenahalli SouthBangalore 2 5.65% 5.27%-6.06% 19971 18994-20948 3700 3602-3799

Choudadenahalli SouthBangalore Overall 5.57% 5.16%-5.99% 20481 19484-21477 3743 3645-3840

Dasarahalli NorthBangalore Overall 2.97% 2.62%-3.36% 14284 13224-15343 4462 4191-4733

DevarachikkanaHalli

SouthBangalore 2 4.41% 3.97%-4.87% 16166 15047-17284 3839 3714-3963

DevarachikkanaHalli

SouthBangalore 3 4.48% 3.88%-5.14% 22320 20244-24397 3994 3807-4181

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Locality Region BHKAvg.RentalYield

RangeofAvg.RentalYield

Avg.MonthlyRent(INR)

RangeofAvg.Rent(INR)

Avg.RateperSqFt(INR)

RangeofAvg.Rate

DevarachikkanaHalli

SouthBangalore Overall 4.08% 3.7%-4.47% 16803 15751-17854 3891 3788-3995

Devinagar NorthBangalore 2 2.39% 2.05%-2.77% 13107 12030-14183 4920 4699-5142

Devinagar NorthBangalore Overall 2.27% 1.97%-2.61% 13798 12595-15000 4837 4684-4990

Doddabommasandra

NorthBangalore Overall 2.03% 1.55%-2.68% 11756 10214-13298 5058 4512-5604

Doddakannelli EastBangalore Overall 3.39% 2.94%-3.89% 16544 15031-18057 4667 4453-4881Doddanekundi EastBangalore 2 4.2% 3.77%-4.69% 15724 15121-16327 3821 3614-4028Doddanekundi EastBangalore Overall 3.61% 3.24%-4.05% 14711 14226-15195 4057 3823-4292

ElectronicCity SouthBangalore 1 4.87% 4.27%-5.62% 8541 8224-8859 3302 2953-3652

ElectronicCity SouthBangalore 2 4.88% 4.76%-4.99% 14073 13903-14243 3196 3160-3231

ElectronicCity SouthBangalore 3 4.71% 4.5%-4.94% 17055 16653-17458 3181 3114-3248

ElectronicCity SouthBangalore Overall 4.68% 4.56%-4.79% 14261 14074-14449 3199 3168-3231

GnanaBharathi WestBangalore 2 3.23% 2.86%-3.62% 14424 13338-15510 4653 4470-4835

GnanaBharathi WestBangalore 3 3.57% 3.26%-3.91% 18323 17528-19118 4340 4122-4559

GnanaBharathi WestBangalore Overall 3.26% 2.98%-3.56% 15706 14853-16558 4523 4387-4659

Gottigere SouthBangalore 2 3.48% 3.19%-3.79% 13244 12690-13799 4080 3919-4240

Gottigere SouthBangalore 3 3.93% 3.56%-4.33% 17673 16559-18787 3919 3787-4052

Gottigere SouthBangalore Overall 3.3% 3.08%-3.54% 13799 13269-14329 4025 3922-4127

GunjurPalya EastBangalore 2 5.16% 4.87%-5.47% 14865 14544-15186 3311 3219-3403GunjurPalya EastBangalore Overall 4.88% 4.46%-5.34% 14439 13913-14966 3348 3277-3418

Halanayakanahalli EastBangalore 2 5.29% 4.81%-5.82% 20304 19263-21345 4149 4010-4288Halanayakanahalli EastBangalore Overall 4.86% 4.42%-5.34% 19960 18869-21050 4223 4110-4335

Hallehalli EastBangalore 2 3.91% 3.43%-4.47% 12487 11642-13331 3451 3235-3666Hallehalli EastBangalore 3 4.41% 4%-4.84% 15971 14916-17026 3160 3044-3275Hallehalli EastBangalore Overall 4.12% 3.76%-4.51% 14006 13277-14734 3312 3179-3445

Harlur SouthBangalore 2 4.72% 4.17%-5.34% 20526 19162-21889 4249 4105-4392

Harlur SouthBangalore 3 5.15% 4.77%-5.58% 25487 24789-26184 NA NA

Harlur SouthBangalore Overall 4.83% 4.39%-5.3% 21887 20813-22960 4299 4160-4437

HBRLayout NorthBangalore 2 3.56% 3.37%-3.76% 16906 16345-17467 4805 4722-4888

HBRLayout NorthBangalore 3 3.47% 3.17%-3.78% 20328 19219-21437 4814 4668-4961

HBRLayout NorthBangalore Overall 3.31% 3.15%-3.47% 16931 16436-17426 4811 4739-4883

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Locality Region BHKAvg.RentalYield

RangeofAvg.RentalYield

Avg.MonthlyRent(INR)

RangeofAvg.Rent(INR)

Avg.RateperSqFt(INR)

RangeofAvg.Rate

Hebbal NorthBangalore 2 2.67% 2.4%-2.97% 12998 12435-13561 5015 4756-5275

Hebbal NorthBangalore Overall 2.47% 2.26%-2.71% 13805 13241-14370 4978 4805-5150

HebbalKempapura

NorthBangalore 2 3.26% 3.02%-3.52% 14502 13803-15201 4762 4603-4921

HebbalKempapura

NorthBangalore 3 3.48% 3.06%-3.97% 19841 18584-21097 NA NA

HebbalKempapura

NorthBangalore Overall 3.25% 2.98%-3.53% 15331 14572-16090 4770 4622-4919

Hegganahalli WestBangalore 2 2.65% 2.42%-2.89% 11514 10753-12275 4445 4362-4527

Hegganahalli WestBangalore Overall 2.17% 2%-2.34% 9684 9176-10193 4478 4388-4569

Hennur NorthBangalore 2 3.51% 3.19%-3.86% 15162 14518-15805 4081 3962-4200

Hennur NorthBangalore 3 3.65% 3.2%-4.14% 17606 16230-18983 4067 3888-4246

Hennur NorthBangalore Overall 3.49% 3.23%-3.77% 15797 15197-16396 4131 4029-4234

Hongasandra SouthBangalore 2 3.7% 3.42%-4% 13202 12745-13658 3826 3703-3950

Hongasandra SouthBangalore Overall 2.54% 2.35%-2.74% 10495 10260-10730 3915 3790-4040

Hoodi EastBangalore 3 3.47% 3.05%-3.96% 23096 21663-24529 NA NAHoodi EastBangalore Overall 3.16% 2.79%-3.58% 19375 18381-20369 5433 5174-5691

Hormavu NorthBangalore 2 3.75% 3.58%-3.93% 14972 14495-15448 4123 4064-4182

Hormavu NorthBangalore 3 3.86% 3.61%-4.12% 19948 19147-20748 4158 4053-4263

Hormavu NorthBangalore Overall 3.67% 3.51%-3.83% 15820 15356-16284 4188 4136-4241

Hosakerehalli SouthBangalore 2 2.46% 2.07%-2.87% 9637 8431-10843 4106 3976-4235

Hosakerehalli SouthBangalore Overall 2.39% 2.1%-2.69% 10555 9561-11550 4105 4019-4191

Hoskote EastBangalore Overall 4.42% 3.55%-5.4% 15278 13033-17522 3355 3293-3416

HSRLayout SouthBangalore 2 3.45% 3.26%-3.66% 18849 18621-19077 5790 5590-5991

HSRLayout SouthBangalore Overall 2.99% 2.84%-3.16% 17245 17055-17436 5679 5509-5848

Hulimavu SouthBangalore 2 3.86% 3.57%-4.18% 14309 13586-15031 3950 3868-4031

Hulimavu SouthBangalore 3 3.5% 3.11%-3.93% 18565 17068-20062 4267 4126-4409

Hulimavu SouthBangalore Overall 3.23% 3.02%-3.47% 13076 12575-13578 4033 3958-4109

Jakkuru NorthBangalore 2 2.49% 2.29%-2.69% 13348 12555-14142 5470 5357-5583

Jakkuru NorthBangalore 3 2.96% 2.7%-3.22% 19017 17685-20349 5484 5382-5586

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Locality Region BHKAvg.RentalYield

RangeofAvg.RentalYield

Avg.MonthlyRent(INR)

RangeofAvg.Rent(INR)

Avg.RateperSqFt(INR)

RangeofAvg.Rate

Jakkuru NorthBangalore Overall 2.55% 2.37%-2.74% 15372 14501-16243 5484 5408-5560

JalahalliEast NorthBangalore 2 2.8% 2.31%-3.35% 12153 10680-13625 NA NA

JalahalliEast NorthBangalore Overall 2.74% 2.29%-3.24% 12084 10727-13442 NA NA

JalahalliWest NorthBangalore 2 3.57% 3.24%-3.92% 12310 11638-12981 3711 3624-3798

JalahalliWest NorthBangalore Overall 3.43% 3.14%-3.75% 13069 12348-13790 3681 3599-3762

Jayanagar SouthBangalore Overall 2.69% 2.3%-3.16% 16951 16064-17838 NA NA

Jinkethimmanahalli EastBangalore 2 2.89% 2.54%-3.27% 11954 10933-12975 4426 4264-4588

Jinkethimmanahalli EastBangalore Overall 2.91% 2.59%-3.26% 12192 11289-13096 4447 4284-4611

JnanaGangaNagar

WestBangalore 2 2.85% 2.51%-3.24% 13906 12889-14922 NA NA

JnanaGangaNagar

WestBangalore Overall 2.79% 2.52%-3.09% 14684 13779-15589 4672 4457-4887

JPNagar SouthBangalore 2 3.04% 2.9%-3.18% 13836 13501-14171 4701 4601-4801

JPNagar SouthBangalore 3 3.26% 3.06%-3.47% 18851 18106-19596 4713 4588-4838

JPNagar SouthBangalore Overall 2.7% 2.59%-2.82% 13969 13667-14272 4759 4682-4836

KRPuram EastBangalore 2 3.55% 3.37%-3.74% 13683 13289-14078 4018 3932-4104KRPuram EastBangalore 3 3.78% 3.54%-4.04% 18591 17935-19246 3974 3866-4082KRPuram EastBangalore Overall 3.52% 3.35%-3.69% 15193 14801-15584 4028 3961-4096

KadaAgrahara SouthBangalore 2 7% 6.47%-7.55% 21215 20098-22333 3223 3047-3400

KadaAgrahara SouthBangalore Overall 6.9% 6.2%-7.68% 20635 19394-21876 3196 3061-3331

Kadubeesanahalli EastBangalore 2 4.28% 3.95%-4.64% 18213 17539-18888 4310 4166-4455Kadubeesanahalli EastBangalore Overall 3.92% 3.64%-4.23% 17426 16773-18079 4263 4134-4392

Kadugodi EastBangalore 2 4.35% 4.03%-4.69% 15561 15002-16121 3752 3618-3887Kadugodi EastBangalore 3 4.06% 3.63%-4.56% 19411 18485-20338 3879 3685-4073Kadugodi EastBangalore Overall 3.58% 3.31%-3.87% 14794 14273-15316 3743 3633-3852

Kaggadasapura EastBangalore 2 3.73% 3.55%-3.92% 14150 13835-14466 4055 3959-4150Kaggadasapura EastBangalore 3 3.73% 3.33%-4.16% 17777 16576-18978 3949 3832-4066Kaggadasapura EastBangalore Overall 3.42% 3.25%-3.6% 14056 13720-14391 4042 3960-4123Kaikondrahalli EastBangalore 2 3.68% 3.41%-3.97% 18131 17610-18652 5167 4880-5454Kaikondrahalli EastBangalore Overall 3.72% 3.4%-4.08% 19867 19019-20715 5242 5002-5483

KalenaAgrahara SouthBangalore 2 3.05% 2.67%-3.49% 13061 12319-13804 4625 4252-4998

KalenaAgrahara SouthBangalore Overall 2.87% 2.54%-3.24% 13863 12956-14770 4543 4306-4779

Kalkere NorthBangalore 2 3.5% 3.16%-3.88% 15256 14455-16057 4502 4257-4748

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Locality Region BHKAvg.RentalYield

RangeofAvg.RentalYield

Avg.MonthlyRent(INR)

RangeofAvg.Rent(INR)

Avg.RateperSqFt(INR)

RangeofAvg.Rate

Kalkere NorthBangalore Overall 2.93% 2.67%-3.22% 15047 14246-15848 4349 4189-4509

KalyanNagar NorthBangalore 2 3.35% 2.9%-3.87% 19327 17967-20687 5283 4895-5670

KalyanNagar NorthBangalore Overall 3.26% 2.89%-3.67% 19537 18349-20726 5418 5138-5698

KamlaNagar WestBangalore 2 3.29% 2.7%-3.98% 12975 11559-14391 4616 4348-4884

KamlaNagar WestBangalore Overall 2.78% 2.26%-3.41% 13397 12071-14723 5001 4703-5298

Kasavanahalli EastBangalore 2 4.68% 4.3%-5.1% 19581 18796-20366 4194 4033-4355Kasavanahalli EastBangalore 3 4.55% 4%-5.18% 24002 22819-25185 4383 4123-4643Kasavanahalli EastBangalore Overall 4.58% 4.21%-4.98% 20799 19983-21615 4261 4125-4396

KavalByrasandra NorthBangalore 2 3.52% 2.99%-4.18% 14093 13163-15023 4486 4163-4809

KavalByrasandra NorthBangalore Overall 3.28% 2.85%-3.79% 14525 13629-15421 4665 4402-4928

KengeriSatelliteTown

WestBangalore 2 3.6% 3.45%-3.76% 14740 14379-15100 4400 4322-4477

KengeriSatelliteTown

WestBangalore 3 3.49% 3.22%-3.77% 18677 17708-19646 4472 4361-4584

KengeriSatelliteTown

WestBangalore Overall 3.35% 3.19%-3.51% 15517 15076-15958 4429 4366-4492

Kodipur SouthBangalore 2 3.73% 3.35%-4.13% 13785 12741-14830 3960 3860-4059

Kodipur SouthBangalore Overall 3.65% 3.31%-4.01% 14622 13698-15546 4175 4064-4287

Konanakunte SouthBangalore 2 3.75% 3.33%-4.21% 14108 13065-15152 3861 3689-4034

Konanakunte SouthBangalore 3 3.36% 3.03%-3.73% 17135 16137-18134 4154 3916-4392

Konanakunte SouthBangalore Overall 3.46% 3.13%-3.82% 14672 13831-15513 3986 3843-4129

Koramangala SouthBangalore 2 3.21% 2.92%-3.54% 18730 18194-19267 5473 5151-5794

Koramangala SouthBangalore Overall 2.62% 2.4%-2.88% 15764 15391-16137 5403 5113-5692

Kudlu SouthBangalore 2 4.8% 4.22%-5.44% 19449 17999-20899 4006 3806-4206

Kudlu SouthBangalore Overall 4.62% 4.14%-5.15% 20751 19442-22060 3975 3829-4122

KumaraswamyLayout

SouthBangalore 2 2.57% 2.39%-2.75% 12964 12391-13538 5201 5032-5370

KumaraswamyLayout

SouthBangalore 3 2.88% 2.47%-3.33% 16222 14539-17905 4848 4592-5104

KumaraswamyLayout

SouthBangalore Overall 2.39% 2.22%-2.56% 12753 12220-13285 4996 4853-5139

Mahadevapura EastBangalore 2 3.27% 3.01%-3.55% 15469 14947-15991 4626 4426-4826Mahadevapura EastBangalore 3 3.4% 3.06%-3.78% 19740 18836-20644 4747 4497-4998Mahadevapura EastBangalore Overall 2.94% 2.74%-3.15% 15178 14732-15624 4695 4548-4842

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IREF Bengaluru Rental Yield Report |17

Locality Region BHKAvg.RentalYield

RangeofAvg.RentalYield

Avg.MonthlyRent(INR)

RangeofAvg.Rent(INR)

Avg.RateperSqFt(INR)

RangeofAvg.Rate

Mailasandra SouthBangalore 2 3.73% 3.22%-4.27% 16024 14424-17624 4527 4310-4745

Mailasandra SouthBangalore Overall 3.7% 3.22%-4.23% 18061 16376-19746 4237 4081-4394

Mallathahalli WestBangalore 2 3.83% 3.41%-4.29% 15950 14788-17112 4510 4318-4703

Mallathahalli WestBangalore Overall 3.48% 3.09%-3.91% 16126 14977-17274 4596 4435-4756

Marathahalli EastBangalore Overall 3.09% 2.74%-3.52% 16158 15807-16509 4773 4414-5131

Margondanahalli NorthBangalore 2 2.23% 1.91%-2.58% 11063 9867-12259 5379 5197-5561

Margondanahalli NorthBangalore Overall 1.81% 1.56%-2.08% 9741 8779-10703 5228 5036-5419

MuneshwaraNagar

SouthBangalore 2 4.43% 3.93%-4.98% 16666 15655-17678 NA NA

MuneshwaraNagar

SouthBangalore Overall 3.05% 2.66%-3.5% 14992 14190-15794 4421 4175-4667

Munnekollal EastBangalore 2 3.92% 3.55%-4.36% 16587 16214-16960 4021 3768-4273Munnekollal EastBangalore Overall 3.29% 3%-3.62% 14917 14642-15191 4092 3863-4320

Nagarbhavi WestBangalore 2 2.46% 2.23%-2.7% 13226 12541-13911 5191 4998-5385

Nagarbhavi WestBangalore 3 3.06% 2.6%-3.57% 18157 16161-20153 4918 4658-5178

Nagarbhavi WestBangalore Overall 2.45% 2.25%-2.67% 13913 13237-14589 5158 5001-5315

Nagasandra NorthBangalore 2 4.19% 3.88%-4.51% 14044 13326-14761 3794 3720-3868

Nagasandra NorthBangalore 3 3.88% 3.47%-4.35% 17201 16494-17908 4054 3751-4357

Nagasandra NorthBangalore Overall 3.96% 3.59%-4.34% 14520 13617-15422 3873 3779-3967

Nagavara NorthBangalore 2 2.76% 2.55%-3% 15064 14707-15421 5502 5251-5754

Nagavara NorthBangalore Overall 2.8% 2.61%-3.01% 16319 15916-16723 5441 5260-5622

NandiniLayout NorthBangalore 2 2.38% 2.16%-2.62% 13284 12447-14122 5596 5477-5714

NandiniLayout NorthBangalore 3 3.24% 3.01%-3.48% 20878 19981-21775 5264 5091-5437

NandiniLayout NorthBangalore Overall 2.31% 2.13%-2.5% 14009 13248-14771 5411 5301-5521

Narayanapura NorthBangalore 2 3.44% 3.11%-3.79% 14699 13743-15656 4386 4272-4500

Narayanapura NorthBangalore Overall 3.59% 3.2%-3.99% 17364 16015-18713 4405 4326-4484

Nayandahalli SouthBangalore 2 3.5% 3.2%-3.8% 16779 15585-17974 4669 4598-4739

Nayandahalli SouthBangalore 3 3.64% 3.32%-3.98% 21436 19787-23085 4827 4755-4899

Nayandahalli SouthBangalore Overall 3.46% 3.19%-3.75% 18204 17076-19331 4738 4686-4790

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IREF Bengaluru Rental Yield Report |18

Locality Region BHKAvg.RentalYield

RangeofAvg.RentalYield

Avg.MonthlyRent(INR)

RangeofAvg.Rent(INR)

Avg.RateperSqFt(INR)

RangeofAvg.Rate

NehruNagar NorthBangalore 2 3.77% 3.46%-4.1% 17570 16361-18780 4668 4568-4768

NehruNagar NorthBangalore 3 3.93% 3.61%-4.27% 22082 20634-23529 4574 4476-4672

NehruNagar NorthBangalore Overall 3.79% 3.53%-4.06% 19341 18292-20390 4625 4553-4696

Panathur EastBangalore 2 4.22% 4.06%-4.4% 19723 19259-20188 4305 4244-4365Panathur EastBangalore 3 4.15% 3.91%-4.4% 22071 21314-22827 4287 4207-4367Panathur EastBangalore Overall 3.99% 3.82%-4.16% 19390 18871-19909 4302 4254-4351

PandurangaNagar SouthBangalore Overall 3.08% 2.59%-3.7% 15322 14369-16276 4868 4492-5245

R.K.HegdeNagar NorthBangalore 2 3.42% 3.07%-3.78% 14527 13495-15558 4425 4272-4577

R.K.HegdeNagar NorthBangalore 3 3.43% 2.9%-4% 18802 16500-21104 4585 4382-4788

R.K.HegdeNagar NorthBangalore Overall 3.3% 3%-3.62% 15278 14302-16254 4484 4363-4605

Rajajinagar CentralBangalore 2 2.52% 2.34%-2.72% 14138 13424-14852 5804 5719-5888

Rajajinagar CentralBangalore Overall 2.37% 2.2%-2.55% 13935 13214-14656 5677 5591-5762

RamamurthyNagar EastBangalore 2 2.97% 2.76%-3.21% 12686 12264-13107 4458 4296-4621

RamamurthyNagar EastBangalore 3 3.44% 3.02%-3.89% 17305 15615-18995 4380 4163-4597

RamamurthyNagar EastBangalore Overall 2.85% 2.64%-3.07% 12699 12276-13122 4385 4247-4522

Rayasandra SouthBangalore Overall 2.63% 2.24%-3.09% 14422 13191-15653 NA NA

RMVExtensionStage2

NorthBangalore 2 2.5% 2.23%-2.8% 14980 13973-15986 6078 5828-6328

RMVExtensionStage2

NorthBangalore Overall 2.36% 2.13%-2.6% 14627 13679-15575 5741 5548-5933

RRNagar SouthBangalore 2 3.69% 3.57%-3.8% 15619 15299-15938 4322 4279-4364

RRNagar SouthBangalore 3 3.82% 3.68%-3.96% 20367 19911-20823 4406 4347-4465

RRNagar SouthBangalore Overall 3.63% 3.53%-3.74% 17178 16856-17501 4363 4328-4398

S.Medihalli SouthBangalore 2 5.93% 4.81%-7.17% 17796 15275-20318 3049 2888-3211

S.Medihalli SouthBangalore Overall 5.36% 4.55%-6.26% 17923 16067-19779 3078 2958-3199

SanjayNagar NorthBangalore 2 3.29% 3.08%-3.52% 16752 16072-17431 5691 5562-5821

SanjayNagar NorthBangalore Overall 3.35% 3.1%-3.63% 17158 16314-18002 5693 5573-5813

Singasandra SouthBangalore 2 3.92% 3.67%-4.19% 15191 14619-15762 4050 3949-4150

Singasandra SouthBangalore 3 4.48% 4.02%-4.98% 20787 19497-22076 3809 3698-3921

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IREF Bengaluru Rental Yield Report |19

Locality Region BHKAvg.RentalYield

RangeofAvg.RentalYield

Avg.MonthlyRent(INR)

RangeofAvg.Rent(INR)

Avg.RateperSqFt(INR)

RangeofAvg.Rate

Singasandra SouthBangalore Overall 3.66% 3.41%-3.91% 15245 14615-15876 3958 3880-4036

Somasundarapalya SouthBangalore 2 4.7% 4.25%-5.21% 19062 18282-19842 4020 3791-4249

Somasundarapalya SouthBangalore Overall 4.24% 3.76%-4.8% 19419 18513-20325 4115 3919-4310

Sompura EastBangalore 2 4.67% 3.97%-5.43% 13858 12390-15325 NA NASompura EastBangalore Overall 4.9% 4.21%-5.66% 15568 14015-17121 3377 3152-3602

Srinivaspura SouthBangalore 2 4.19% 3.94%-4.46% 16113 15525-16700 4086 3993-4179

Srinivaspura SouthBangalore 3 4.32% 3.99%-4.68% 20111 19110-21112 4013 3897-4128

Srinivaspura SouthBangalore Overall 4.26% 4.03%-4.5% 17965 17374-18556 4054 3983-4126

Subramanyapura SouthBangalore 2 2.75% 2.47%-3.04% 11271 10358-12184 4187 4095-4280

Subramanyapura SouthBangalore 3 2.46% 2.13%-2.82% 13122 11665-14579 4356 4249-4463

Subramanyapura SouthBangalore Overall 2.5% 2.28%-2.72% 11797 11008-12587 4295 4225-4365

Sunkadakatte WestBangalore 2 2.68% 2.4%-3% 12529 11811-13247 4599 4344-4854

Sunkadakatte WestBangalore Overall 2.34% 2.11%-2.6% 12188 11527-12850 4631 4430-4831

Sunkalpalya SouthBangalore Overall 3.9% 3.39%-4.46% 15610 14139-17082 3781 3646-3916

TejaswiniNagar SouthBangalore Overall 3.93% 3.38%-4.54% 17233 15719-18747 3720 3581-3859

Thanisandra NorthBangalore 2 3.29% 3.03%-3.56% 14992 14074-15909 4612 4508-4716

Thanisandra NorthBangalore 3 3.65% 3.29%-4.04% 20440 18992-21889 4551 4405-4697

Thanisandra NorthBangalore Overall 3.27% 3.01%-3.54% 16224 15265-17183 4576 4494-4659

Thyvakanahally SouthBangalore Overall 5.77% 5.19%-6.41% 18828 17721-19936 3361 3185-3537

Uttarahalli SouthBangalore 2 3.16% 2.82%-3.54% 13765 12974-14556 4126 3952-4299

Uttarahalli SouthBangalore 3 3.18% 2.94%-3.44% 19462 18777-20148 4823 4684-4962

Uttarahalli SouthBangalore Overall 3.11% 2.87%-3.36% 17046 16364-17729 4596 4479-4712

Varthur EastBangalore 2 4.55% 4.15%-4.96% 15114 14191-16037 3494 3422-3566Varthur EastBangalore 3 5.11% 4.65%-5.62% 20503 19446-21559 3594 3443-3745Varthur EastBangalore Overall 4.61% 4.25%-4.99% 16596 15705-17487 3535 3464-3606

Veerasagara NorthBangalore Overall 5.51% 5.05%-5.99% 22494 21079-23909 3846 3782-3909

Vidyaranyapura NorthBangalore 2 2.73% 2.51%-2.95% 12644 11851-13436 4763 4672-4854

Vidyaranyapura NorthBangalore Overall 2.38% 2.21%-2.56% 11837 11197-12476 4636 4557-4715

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IREF Bengaluru Rental Yield Report |20

Locality Region BHKAvg.RentalYield

RangeofAvg.RentalYield

Avg.MonthlyRent(INR)

RangeofAvg.Rent(INR)

Avg.RateperSqFt(INR)

RangeofAvg.Rate

Vijayanagar WestBangalore 3 2.69% 2.22%-3.23% 17072 15236-18909 5791 5484-6099

Vijayanagar WestBangalore Overall 1.95% 1.76%-2.17% 11852 11348-12356 5690 5435-5946

Virupakshapura NorthBangalore Overall 2.31% 1.95%-2.75% 11051 10283-11819 4516 4287-4746

Voderahalli NorthBangalore Overall 3.74% 2.82%-4.75% 18625 14759-22491 4241 4069-4413

Volagerekallahalli WestBangalore 2 7.02% 6.39%-7.7% 23033 21638-24429 3270 3175-3366

Volagerekallahalli WestBangalore Overall 6.77% 6.26%-7.32% 23287 22205-24370 3278 3197-3360

Whitefield EastBangalore 2 4.2% 4.05%-4.35% 16868 16557-17179 4046 3981-4110Whitefield EastBangalore 3 4.04% 3.86%-4.24% 20693 20186-21200 4146 4057-4234Whitefield EastBangalore Overall 3.72% 3.6%-3.86% 16802 16500-17104 4095 4043-4147

Yelahanka NorthBangalore 2 2.6% 2.19%-3.08% 12216 11083-13349 4542 4278-4806

Yelahanka NorthBangalore 3 3.49% 3.15%-3.85% 18963 17839-20087 4631 4476-4787

Yelahanka NorthBangalore Overall 3.01% 2.72%-3.33% 15799 14814-16783 4639 4508-4771

YelahankaNewTown

NorthBangalore 2 3.86% 3.25%-4.52% 16340 14396-18284 4547 4433-4661

YelahankaNewTown

NorthBangalore Overall 3.69% 3.06%-4.41% 15664 13835-17493 4476 4359-4593

Yeshwanthpur NorthBangalore 2 2.91% 2.72%-3.11% 16849 16055-17644 5522 5451-5594

Yeshwanthpur NorthBangalore 3 3.21% 2.83%-3.6% 20451 18344-22558 5111 4973-5249

Yeshwanthpur NorthBangalore Overall 2.84% 2.67%-3.02% 16934 16143-17725 5358 5290-5425

Locality-wise Rental Yield for Furnished Houses in Bengaluru

Locality Region BHKAvg.RentalYield

RangeofAvg.RentalYield

Avg.MonthlyRent(INR)

RangeofAvg.Rent(INR)

Avg.Rateper

SqFt(INR)

RangeofAvg.Rate(INR)

AgraharaLayout NorthBangalore 2 7.05% 5.9%-8.29% 30395 26554-34237 4421 4267-4575

Akshayanagar SouthBangalore 2 7% 6.26%-7.79% 25791 23651-27931 3827 3743-3912

Akshayanagar SouthBangalore 3 5.76% 5.13%-6.44% 27346 25450-29242 3812 3659-3965

Akshayanagar SouthBangalore Overall 6.37% 5.83%-6.95% 25773 24191-27354 3823 3750-3895

Anantapura NorthBangalore 2 5.04% 4.33%-5.84% 18877 17141-20614 3952 3731-4172

Anantapura NorthBangalore Overall 5.19% 4.5%-5.95% 22689 20723-24654 3998 3842-4154

Page 21: Bengaluru Rental Yield Report

IREF Bengaluru Rental Yield Report |21

Locality Region BHKAvg.RentalYield

RangeofAvg.RentalYield

Avg.MonthlyRent(INR)

RangeofAvg.Rent(INR)

Avg.Rateper

SqFt(INR)

RangeofAvg.Rate(INR)

AnnapurneshwariNagar

WestBangalore 2 4.93% 4.55%-5.35% 21255 20380-22130 4621 4447-4795

AnnapurneshwariNagar

WestBangalore 3 5.6% 5.2%-6.04% 30573 29306-31841 4683 4532-4833

AnnapurneshwariNagar

WestBangalore Overall 4.76% 4.44%-5.1% 23718 22797-24638 4711 4599-4822

Arakere SouthBangalore 2 4.42% 4.11%-4.76% 21242 20583-21901 4736 4553-4919

Arakere SouthBangalore Overall 3.94% 3.68%-4.22% 20819 20217-21420 4928 4781-5075

Balagere EastBangalore 2 7.99% 7.39%-8.63% 28272 27032-29512 3584 3467-3700

Balagere EastBangalore 3 8.69% 8.13%-9.29% 35627 34666-36588 3470 3340-3599

Balagere EastBangalore Overall 8.44% 7.96%-8.95% 32058 31054-33062 3531 3445-3618

Banashankari CentralBangalore 2 3.7% 3.43%-3.99% 18312 17604-19021 5258 5089-5428

Banashankari CentralBangalore 3 4.57% 4.21%-4.97% 28053 26702-29403 5081 4930-5232

Banashankari CentralBangalore Overall 3.4% 3.2%-3.61% 19127 18534-19720 5144 5032-5256

Banaswadi NorthBangalore 2 4.02% 3.56%-4.54% 22335 21149-23521 5166 4885-5447

Banaswadi NorthBangalore 3 4.08% 3.45%-4.79% 26081 23516-28647 5344 5001-5687

Banaswadi NorthBangalore Overall 3.75% 3.41%-4.12% 22420 21391-23449 5264 5053-5475

BangaloreCityMunicipalCorporation

Layout

SouthBangalore 2 6.13% 5.77%-6.5% 21810 21135-22485 3815 3730-3901

BangaloreCityMunicipalCorporation

Layout

SouthBangalore 3 6.1% 5.47%-6.76% 26252 24005-28499 3827 3715-3938

BangaloreCityMunicipalCorporation

Layout

SouthBangalore Overall 5.96% 5.61%-6.33% 23277 22417-24138 3830 3762-3898

Basapura SouthBangalore 2 6.92% 6.55%-7.31% 24941 24020-25861 3781 3716-3847

Basapura SouthBangalore 3 6.5% 6.16%-6.85% 27752 26981-28522 3659 3581-3737

Basapura SouthBangalore Overall 6.6% 6.29%-6.92% 25563 24778-26347 3740 3686-3794

BasaveshwaraNagar

WestBangalore 2 3.89% 3.52%-4.29% 20927 19723-22132 5706 5551-5861

BasaveshwaraNagar

WestBangalore 3 4.48% 4.07%-4.93% 29520 28121-30918 5695 5455-5935

BasaveshwaraNagar

WestBangalore Overall 3.82% 3.51%-4.15% 22466 21411-23522 5701 5572-5830

Page 22: Bengaluru Rental Yield Report

IREF Bengaluru Rental Yield Report |22

Locality Region BHKAvg.RentalYield

RangeofAvg.RentalYield

Avg.MonthlyRent(INR)

RangeofAvg.Rent(INR)

Avg.Rateper

SqFt(INR)

RangeofAvg.Rate(INR)

Battarahalli EastBangalore 2 4.5% 4.04%-5% 17087 16122-18051 4035 3836-4234

Battarahalli EastBangalore Overall 4.2% 3.79%-4.66% 17522 16576-18468 4051 3888-4214

Begur NorthBangalore 2 5.42% 5.09%-5.78% 19141 18492-19791 3878 3774-3982

Begur NorthBangalore 3 6.17% 5.52%-6.88% 28245 26163-30327 3760 3647-3872

Begur NorthBangalore Overall 5% 4.69%-5.32% 19467 18820-20114 3851 3770-3932

Bellandur EastBangalore 2 5.97% 5.65%-6.3% 27140 26471-27808 4368 4254-4482

Bellandur EastBangalore 3 6.45% 5.96%-6.99% 32927 31737-34117 4207 3999-4415

Bellandur EastBangalore Overall 5.6% 5.3%-5.91% 26811 26053-27569 4317 4207-4426

Bikasipura SouthBangalore 2 4.77% 4.21%-5.39% 21911 20512-23309 4804 4504-5105

Bikasipura SouthBangalore Overall 4.78% 4.29%-5.34% 24196 22910-25482 4822 4604-5039

Bilekahalli SouthBangalore Overall 4.39% 3.98%-4.87% 21153 20617-21690 5058 4760-5356

Bommanahalli SouthBangalore 2 5.75% 5.4%-6.12% 23309 22541-24076 4224 4127-4321

Bommanahalli SouthBangalore 3 4.83% 4.47%-5.2% 29818 28153-31483 4742 4657-4826

Bommanahalli SouthBangalore Overall 4.05% 3.84%-4.27% 21490 20896-22084 4567 4497-4637

Bommasandra EastBangalore 2 6.67% 6.25%-7.1% 18048 17218-18878 2981 2936-3025

Bommasandra EastBangalore Overall 5.87% 5.49%-6.27% 16963 16264-17661 3092 3037-3147

BTMLayout SouthBangalore 2 4.6% 4.19%-5.07% 23188 22601-23775 4859 4569-5149

BTMLayout SouthBangalore 3 6.35% 5.68%-7.09% 34669 32754-36585 4360 4122-4598

BTMLayout SouthBangalore Overall 3.67% 3.45%-3.91% 19293 18945-19640 4616 4426-4807

BTMLayout1 SouthBangalore Overall 2.76% 2.55%-2.99% 19950 19224-20675 NA NA

Byadarahalli WestBangalore 2 3.54% 2.94%-4.27% 18279 16409-20148 NA NA

Byadarahalli WestBangalore Overall 3.69% 3.07%-4.43% 18580 16712-20447 NA NA

Byagadadenahalli SouthBangalore Overall 8.35% 6.5%-10.65% 25229 21729-28729 3037 2886-3188

CVRamanNagar EastBangalore 2 5.11% 4.66%-5.62% 21748 20835-22661 4479 4304-4653

CVRamanNagar EastBangalore Overall 4.53% 4.15%-4.96% 21431 20618-22243 4445 4299-4591

Chambenahalli EastBangalore 2 10.24

%9.46%-11.07

% 30781 29604-31958 3513 3416-3610

Page 23: Bengaluru Rental Yield Report

IREF Bengaluru Rental Yield Report |23

Locality Region BHKAvg.RentalYield

RangeofAvg.RentalYield

Avg.MonthlyRent(INR)

RangeofAvg.Rent(INR)

Avg.Rateper

SqFt(INR)

RangeofAvg.Rate(INR)

Chambenahalli EastBangalore Overall 10.33

% 9.6%-11.12% 31142 30019-32265 3484 3392-3577

ChandraLayoutExtension

WestBangalore 2 4.03% 3.6%-4.49% 20766 19352-22180 5472 5313-5632

ChandraLayoutExtension

WestBangalore Overall 4% 3.58%-4.46% 20810 19367-22254 5480 5335-5625

Chansandra SouthBangalore 2 7.05% 6.24%-7.88% 25100 22632-27569 3723 3654-3791

Chansandra SouthBangalore Overall 5.23% 4.75%-5.74% 19166 17764-20567 3732 3670-3794

Chikkakannalli SouthBangalore 2 7.76% 7.09%-8.48% 28852 27261-30443 3859 3768-3949

Chikkakannalli SouthBangalore 3 7.34% 6.8%-7.94% 36845 36120-37570 4378 4172-4584

Chikkakannalli SouthBangalore Overall 7.78% 7.23%-8.38% 34508 33516-35500 4146 4023-4268

Chikkalasandra SouthBangalore 2 4.42% 3.91%-4.99% 17910 16788-19032 4234 4045-4424

Chikkalasandra SouthBangalore 3 5.54% 4.96%-6.17% 26255 24442-28068 4068 3949-4187

Chikkalasandra SouthBangalore Overall 4.08% 3.7%-4.49% 18580 17532-19627 4163 4057-4270

Chokkanahalli NorthBangalore 2 5.91% 5.44%-6.4% 27002 25391-28614 4455 4370-4540

Chokkanahalli NorthBangalore Overall 5.55% 5.07%-6.06% 27397 25547-29247 4571 4496-4645

Choodasandra EastBangalore 2 6.1% 5.4%-6.92% 22972 21775-24168 3848 3646-4050

Choodasandra EastBangalore Overall 4.95% 4.43%-5.53% 21936 20863-23009 3856 3713-3998

Choudadenahalli SouthBangalore 2 8.35% 7.78%-8.94% 29492 28049-30934 3700 3602-3799

Choudadenahalli SouthBangalore Overall 8.22% 7.62%-8.85% 30245 28773-31716 3743 3645-3840

Dasarahalli NorthBangalore Overall 4.38% 3.86%-4.95% 21093 19528-22658 4462 4191-4733

DevarachikkanaHalli

SouthBangalore 2 6.51% 5.87%-7.19% 23873 22221-25525 3839 3714-3963

DevarachikkanaHalli

SouthBangalore 3 6.61% 5.73%-7.59% 32961 29895-36028 3994 3807-4181

DevarachikkanaHalli

SouthBangalore Overall 6.02% 5.47%-6.61% 24813 23260-26366 3891 3788-3995

Devinagar NorthBangalore 2 3.53% 3.03%-4.09% 19355 17765-20945 4920 4699-5142

Devinagar NorthBangalore Overall 3.36% 2.91%-3.86% 20376 18600-22151 4837 4684-4990

Doddabommasandra

NorthBangalore Overall 3.01% 2.29%-3.96% 17361 15084-19637 5058 4512-5604

Doddakannelli EastBangalore Overall 5.01% 4.34%-5.75% 24431 22197-26666 4667 4453-4881

Doddanekundi EastBangalore 2 6.2% 5.57%-6.93% 23221 22330-24111 3821 3614-4028

Page 24: Bengaluru Rental Yield Report

IREF Bengaluru Rental Yield Report |24

Locality Region BHKAvg.RentalYield

RangeofAvg.RentalYield

Avg.MonthlyRent(INR)

RangeofAvg.Rent(INR)

Avg.Rateper

SqFt(INR)

RangeofAvg.Rate(INR)

Doddanekundi EastBangalore Overall 5.33% 4.78%-5.98% 21724 21008-22439 4057 3823-4292

ElectronicCity SouthBangalore 1 7.2% 6.3%-8.29% 12613 12145-13082 3302 2953-3652

ElectronicCity SouthBangalore 2 7.2% 7.03%-7.37% 20782 20530-21034 3196 3160-3231

ElectronicCity SouthBangalore 3 6.96% 6.64%-7.29% 25186 24592-25781 3181 3114-3248

ElectronicCity SouthBangalore Overall 6.91% 6.74%-7.08% 21060 20783-21337 3199 3168-3231

GnanaBharathi WestBangalore 2 4.76% 4.23%-5.34% 21301 19697-22904 4653 4470-4835

GnanaBharathi WestBangalore 3 5.27% 4.81%-5.78% 27058 25885-28232 4340 4122-4559

GnanaBharathi WestBangalore Overall 4.81% 4.39%-5.25% 23193 21935-24451 4523 4387-4659

Gottigere SouthBangalore 2 5.14% 4.71%-5.6% 19559 18740-20378 4080 3919-4240

Gottigere SouthBangalore 3 5.81% 5.26%-6.39% 26099 24454-27744 3919 3787-4052

Gottigere SouthBangalore Overall 4.88% 4.55%-5.23% 20378 19595-21161 4025 3922-4127

GunjurPalya EastBangalore 2 7.62% 7.19%-8.08% 21952 21478-22425 3311 3219-3403

GunjurPalya EastBangalore Overall 7.2% 6.58%-7.89% 21323 20547-22100 3348 3277-3418

Halanayakanahalli EastBangalore 2 7.82% 7.1%-8.6% 29984 28447-31521 4149 4010-4288

Halanayakanahalli EastBangalore Overall 7.18% 6.52%-7.89% 29476 27865-31086 4223 4110-4335

Hallehalli EastBangalore 2 5.78% 5.06%-6.6% 18440 17193-19687 3451 3235-3666

Hallehalli EastBangalore 3 6.51% 5.91%-7.15% 23585 22027-25143 3160 3044-3275

Hallehalli EastBangalore Overall 6.09% 5.56%-6.66% 20683 19606-21759 3312 3179-3445

Harlur SouthBangalore 2 6.97% 6.15%-7.89% 30311 28297-32325 4249 4105-4392

Harlur SouthBangalore 3 7.61% 7.04%-8.24% 37637 36607-38668 NA NA

Harlur SouthBangalore Overall 7.13% 6.48%-7.83% 32321 30736-33906 4299 4160-4437

HBRLayout NorthBangalore 2 5.26% 4.98%-5.55% 24966 24138-25795 4805 4722-4888

HBRLayout NorthBangalore 3 5.12% 4.69%-5.59% 30019 28382-31657 4814 4668-4961

HBRLayout NorthBangalore Overall 4.88% 4.65%-5.13% 25003 24272-25733 4811 4739-4883

Hebbal NorthBangalore 2 3.94% 3.54%-4.38% 19194 18363-20026 5015 4756-5275

Hebbal NorthBangalore Overall 3.65% 3.33%-4.01% 20387 19553-21220 4978 4805-5150

Page 25: Bengaluru Rental Yield Report

IREF Bengaluru Rental Yield Report |25

Locality Region BHKAvg.RentalYield

RangeofAvg.RentalYield

Avg.MonthlyRent(INR)

RangeofAvg.Rent(INR)

Avg.Rateper

SqFt(INR)

RangeofAvg.Rate(INR)

HebbalKempapura

NorthBangalore 2 4.82% 4.46%-5.2% 21416 20384-22449 4762 4603-4921

HebbalKempapura

NorthBangalore 3 5.14% 4.52%-5.86% 29300 27445-31155 NA NA

HebbalKempapura

NorthBangalore Overall 4.8% 4.41%-5.22% 22640 21520-23761 4770 4622-4919

Hegganahalli WestBangalore 2 3.91% 3.57%-4.26% 17003 15879-18127 4445 4362-4527

Hegganahalli WestBangalore Overall 3.2% 2.95%-3.46% 14301 13550-15052 4478 4388-4569

Hennur NorthBangalore 2 5.18% 4.71%-5.71% 22390 21440-23340 4081 3962-4200

Hennur NorthBangalore 3 5.38% 4.73%-6.11% 26000 23967-28033 4067 3888-4246

Hennur NorthBangalore Overall 5.15% 4.76%-5.57% 23328 22442-24213 4131 4029-4234

Hongasandra SouthBangalore 2 5.46% 5.06%-5.9% 19495 18821-20169 3826 3703-3950

Hongasandra SouthBangalore Overall 3.75% 3.48%-4.05% 15499 15152-15846 3915 3790-4040

Hoodi EastBangalore 3 5.13% 4.51%-5.84% 34107 31990-36224 NA NA

Hoodi EastBangalore Overall 4.66% 4.12%-5.28% 28612 27145-30080 5433 5174-5691

Hormavu NorthBangalore 2 5.54% 5.29%-5.8% 22109 21406-22813 4123 4064-4182

Hormavu NorthBangalore 3 5.7% 5.34%-6.09% 29458 28275-30640 4158 4053-4263

Hormavu NorthBangalore Overall 5.42% 5.19%-5.66% 23362 22677-24047 4188 4136-4241

Hosakerehalli SouthBangalore 2 3.63% 3.06%-4.24% 14231 12451-16012 4106 3976-4235

Hosakerehalli SouthBangalore Overall 3.53% 3.1%-3.98% 15588 14119-17057 4105 4019-4191

Hoskote EastBangalore Overall 6.53% 5.25%-7.98% 22561 19246-25876 3355 3293-3416

HSRLayout SouthBangalore 2 5.09% 4.81%-5.4% 27835 27498-28172 5790 5590-5991

HSRLayout SouthBangalore Overall 4.42% 4.19%-4.67% 25467 25186-25748 5679 5509-5848

Hulimavu SouthBangalore 2 5.7% 5.27%-6.17% 21130 20064-22197 3950 3868-4031

Hulimavu SouthBangalore 3 5.17% 4.59%-5.81% 27415 25204-29626 4267 4126-4409

Hulimavu SouthBangalore Overall 4.78% 4.45%-5.12% 19311 18569-20052 4033 3958-4109

Jakkuru NorthBangalore 2 3.67% 3.38%-3.97% 19712 18541-20883 5470 5357-5583

Jakkuru NorthBangalore 3 4.37% 3.99%-4.76% 28083 26116-30050 5484 5382-5586

Jakkuru NorthBangalore Overall 3.76% 3.49%-4.04% 22700 21414-23987 5484 5408-5560

Page 26: Bengaluru Rental Yield Report

IREF Bengaluru Rental Yield Report |26

Locality Region BHKAvg.RentalYield

RangeofAvg.RentalYield

Avg.MonthlyRent(INR)

RangeofAvg.Rent(INR)

Avg.Rateper

SqFt(INR)

RangeofAvg.Rate(INR)

JalahalliEast NorthBangalore 2 4.13% 3.41%-4.95% 17946 15772-20121 NA NA

JalahalliEast NorthBangalore Overall 4.04% 3.39%-4.79% 17845 15840-19850 NA NA

JalahalliWest NorthBangalore 2 5.27% 4.79%-5.79% 18178 17187-19170 3711 3624-3798

JalahalliWest NorthBangalore Overall 5.07% 4.64%-5.53% 19299 18235-20364 3681 3599-3762

Jayanagar SouthBangalore Overall 3.97% 3.4%-4.66% 25032 23723-26342 NA NA

Jinkethimmanahalli

EastBangalore 2 4.27% 3.75%-4.83% 17653 16146-19161 4426 4264-4588

Jinkethimmanahalli

EastBangalore Overall 4.3% 3.82%-4.82% 18005 16670-19340 4447 4284-4611

JnanaGangaNagar

WestBangalore 2 4.22% 3.7%-4.78% 20535 19034-22036 NA NA

JnanaGangaNagar

WestBangalore Overall 4.12% 3.71%-4.56% 21685 20348-23021 4672 4457-4887

JPNagar SouthBangalore 2 4.49% 4.28%-4.7% 20432 19937-20927 4701 4601-4801

JPNagar SouthBangalore 3 4.82% 4.52%-5.12% 27837 26737-28938 4713 4588-4838

JPNagar SouthBangalore Overall 3.99% 3.82%-4.16% 20629 20182-21076 4759 4682-4836

KRPuram EastBangalore 2 5.24% 4.98%-5.52% 20207 19624-20790 4018 3932-4104

KRPuram EastBangalore 3 5.59% 5.23%-5.97% 27454 26485-28422 3974 3866-4082

KRPuram EastBangalore Overall 5.2% 4.95%-5.45% 22436 21858-23013 4028 3961-4096

KadaAgrahara SouthBangalore 2 10.33

%9.56%-11.14

% 31330 29680-32980 3223 3047-3400

KadaAgrahara SouthBangalore Overall 10.19

%9.15%-11.34

% 30472 28639-32305 3196 3061-3331

Kadubeesanahalli EastBangalore 2 6.31% 5.83%-6.85% 26896 25900-27892 4310 4166-4455

Kadubeesanahalli EastBangalore Overall 5.8% 5.38%-6.24% 25734 24770-26698 4263 4134-4392

Kadugodi EastBangalore 2 6.42% 5.95%-6.93% 22980 22154-23806 3752 3618-3887

Kadugodi EastBangalore 3 6% 5.36%-6.73% 28665 27297-30034 3879 3685-4073

Kadugodi EastBangalore Overall 5.28% 4.89%-5.72% 21848 21077-22618 3743 3633-3852

Kaggadasapura EastBangalore 2 5.5% 5.24%-5.78% 20897 20430-21363 4055 3959-4150

Kaggadasapura EastBangalore 3 5.5% 4.92%-6.14% 26252 24479-28026 3949 3832-4066

Kaggadasapura EastBangalore Overall 5.05% 4.8%-5.32% 20757 20261-21252 4042 3960-4123

Kaikondrahalli EastBangalore 2 5.43% 5.04%-5.86% 26775 26006-27544 5167 4880-5454

Page 27: Bengaluru Rental Yield Report

IREF Bengaluru Rental Yield Report |27

Locality Region BHKAvg.RentalYield

RangeofAvg.RentalYield

Avg.MonthlyRent(INR)

RangeofAvg.Rent(INR)

Avg.Rateper

SqFt(INR)

RangeofAvg.Rate(INR)

Kaikondrahalli EastBangalore Overall 5.5% 5.02%-6.03% 29339 28086-30591 5242 5002-5483

KalenaAgrahara SouthBangalore 2 4.5% 3.95%-5.15% 19288 18192-20385 4625 4252-4998

KalenaAgrahara SouthBangalore Overall 4.24% 3.75%-4.78% 20472 19133-21812 4543 4306-4779

Kalkere NorthBangalore 2 5.17% 4.67%-5.73% 22530 21347-23713 4502 4257-4748

Kalkere NorthBangalore Overall 4.33% 3.94%-4.76% 22220 21037-23404 4349 4189-4509

KalyanNagar NorthBangalore 2 4.95% 4.28%-5.72% 28541 26532-30549 5283 4895-5670

KalyanNagar NorthBangalore Overall 4.81% 4.26%-5.42% 28852 27096-30607 5418 5138-5698

KamlaNagar WestBangalore 2 4.85% 3.98%-5.88% 19161 17070-21252 4616 4348-4884

KamlaNagar WestBangalore Overall 4.1% 3.34%-5.03% 19784 17826-21743 5001 4703-5298

Kasavanahalli EastBangalore 2 6.91% 6.35%-7.53% 28916 27757-30075 4194 4033-4355

Kasavanahalli EastBangalore 3 6.71% 5.91%-7.65% 35445 33698-37192 4383 4123-4643

Kasavanahalli EastBangalore Overall 6.76% 6.22%-7.36% 30715 29510-31920 4261 4125-4396

KavalByrasandra NorthBangalore 2 5.2% 4.41%-6.17% 20812 19438-22185 4486 4163-4809

KavalByrasandra NorthBangalore Overall 4.85% 4.21%-5.6% 21449 20126-22772 4665 4402-4928

KengeriSatelliteTown

WestBangalore 2 5.32% 5.09%-5.56% 21767 21235-22299 4400 4322-4477

KengeriSatelliteTown

WestBangalore 3 5.16% 4.76%-5.57% 27582 26151-29012 4472 4361-4584

KengeriSatelliteTown

WestBangalore Overall 4.95% 4.72%-5.19% 22914 22263-23565 4429 4366-4492

Kodipur SouthBangalore 2 5.51% 4.95%-6.1% 20358 18815-21900 3960 3860-4059

Kodipur SouthBangalore Overall 5.38% 4.88%-5.92% 21593 20229-22957 4175 4064-4287

Konanakunte SouthBangalore 2 5.54% 4.92%-6.21% 20835 19294-22375 3861 3689-4034

Konanakunte SouthBangalore 3 4.96% 4.47%-5.5% 25304 23830-26779 4154 3916-4392

Konanakunte SouthBangalore Overall 5.11% 4.63%-5.64% 21667 20425-22909 3986 3843-4129

Koramangala SouthBangalore 2 4.74% 4.32%-5.23% 27660 26868-28452 5473 5151-5794

Koramangala SouthBangalore Overall 3.87% 3.54%-4.26% 23279 22728-23830 5403 5113-5692

Kudlu SouthBangalore 2 7.09% 6.23%-8.04% 28722 26580-30863 4006 3806-4206

Kudlu SouthBangalore Overall 6.82% 6.11%-7.6% 30644 28711-32577 3975 3829-4122

Page 28: Bengaluru Rental Yield Report

IREF Bengaluru Rental Yield Report |28

Locality Region BHKAvg.RentalYield

RangeofAvg.RentalYield

Avg.MonthlyRent(INR)

RangeofAvg.Rent(INR)

Avg.Rateper

SqFt(INR)

RangeofAvg.Rate(INR)

KumaraswamyLayout

SouthBangalore 2 3.79% 3.53%-4.06% 19145 18298-19992 5201 5032-5370

KumaraswamyLayout

SouthBangalore 3 4.25% 3.65%-4.92% 23956 21470-26441 4848 4592-5104

KumaraswamyLayout

SouthBangalore Overall 3.52% 3.28%-3.78% 18832 18046-19619 4996 4853-5139

Mahadevapura EastBangalore 2 4.82% 4.44%-5.25% 22844 22074-23615 4626 4426-4826

Mahadevapura EastBangalore 3 5.02% 4.52%-5.59% 29151 27815-30486 4747 4497-4998

Mahadevapura EastBangalore Overall 4.34% 4.05%-4.65% 22414 21756-23073 4695 4548-4842

Mailasandra SouthBangalore 2 5.5% 4.76%-6.31% 23663 21301-26026 4527 4310-4745

Mailasandra SouthBangalore Overall 5.47% 4.76%-6.24% 26672 24184-29159 4237 4081-4394

Mallathahalli WestBangalore 2 5.66% 5.04%-6.33% 23555 21839-25271 4510 4318-4703

Mallathahalli WestBangalore Overall 5.14% 4.57%-5.77% 23813 22117-25509 4596 4435-4756

Marathahalli EastBangalore Overall 4.56% 4.04%-5.2% 23862 23343-24380 4773 4414-5131

Margondanahalli NorthBangalore 2 3.3% 2.83%-3.81% 16337 14571-18103 5379 5197-5561

Margondanahalli NorthBangalore Overall 2.67% 2.31%-3.07% 14385 12964-15805 5228 5036-5419

MuneshwaraNagar

SouthBangalore 2 6.54% 5.81%-7.36% 24612 23118-26106 NA NA

MuneshwaraNagar

SouthBangalore Overall 4.5% 3.93%-5.17% 22140 20955-23324 4421 4175-4667

Munnekollal EastBangalore 2 5.79% 5.24%-6.44% 24495 23944-25046 4021 3768-4273

Munnekollal EastBangalore Overall 4.86% 4.43%-5.35% 22028 21623-22433 4092 3863-4320

Nagarbhavi WestBangalore 2 3.63% 3.29%-3.99% 19531 18519-20542 5191 4998-5385

Nagarbhavi WestBangalore 3 4.52% 3.84%-5.28% 26813 23866-29760 4918 4658-5178

Nagarbhavi WestBangalore Overall 3.62% 3.33%-3.94% 20546 19548-21543 5158 5001-5315

Nagasandra NorthBangalore 2 6.18% 5.74%-6.65% 20739 19680-21798 3794 3720-3868

Nagasandra NorthBangalore 3 5.72% 5.12%-6.42% 25401 24358-26445 4054 3751-4357

Nagasandra NorthBangalore Overall 5.84% 5.31%-6.41% 21442 20108-22775 3873 3779-3967

Nagavara NorthBangalore 2 4.08% 3.77%-4.44% 22246 21718-22773 5502 5251-5754

Nagavara NorthBangalore Overall 4.13% 3.85%-4.45% 24100 23504-24696 5441 5260-5622

NandiniLayout NorthBangalore 2 3.52% 3.19%-3.87% 19618 18381-20854 5596 5477-5714

Page 29: Bengaluru Rental Yield Report

IREF Bengaluru Rental Yield Report |29

Locality Region BHKAvg.RentalYield

RangeofAvg.RentalYield

Avg.MonthlyRent(INR)

RangeofAvg.Rent(INR)

Avg.Rateper

SqFt(INR)

RangeofAvg.Rate(INR)

NandiniLayout NorthBangalore 3 4.78% 4.44%-5.14% 30832 29507-32157 5264 5091-5437

NandiniLayout NorthBangalore Overall 3.41% 3.14%-3.69% 20688 19564-21812 5411 5301-5521

Narayanapura NorthBangalore 2 5.08% 4.59%-5.6% 21707 20295-23120 4386 4272-4500

Narayanapura NorthBangalore Overall 5.3% 4.73%-5.9% 25642 23650-27635 4405 4326-4484

Nayandahalli SouthBangalore 2 5.16% 4.73%-5.61% 24779 23015-26542 4669 4598-4739

Nayandahalli SouthBangalore 3 5.38% 4.91%-5.87% 31656 29221-34091 4827 4755-4899

Nayandahalli SouthBangalore Overall 5.12% 4.71%-5.53% 26883 25218-28548 4738 4686-4790

NehruNagar NorthBangalore 2 5.57% 5.11%-6.06% 25947 24160-27733 4668 4568-4768

NehruNagar NorthBangalore 3 5.81% 5.33%-6.3% 32609 30472-34746 4574 4476-4672

NehruNagar NorthBangalore Overall 5.6% 5.22%-5.99% 28562 27012-30112 4625 4553-4696

Panathur EastBangalore 2 6.24% 5.99%-6.49% 29126 28440-29812 4305 4244-4365

Panathur EastBangalore 3 6.13% 5.78%-6.5% 32593 31475-33710 4287 4207-4367

Panathur EastBangalore Overall 5.89% 5.65%-6.14% 28634 27867-29401 4302 4254-4351

PandurangaNagar SouthBangalore Overall 4.55% 3.82%-5.47% 22627 21219-24036 4868 4492-5245

R.K.HegdeNagar NorthBangalore 2 5.04% 4.54%-5.59% 21452 19929-22976 4425 4272-4577

R.K.HegdeNagar NorthBangalore 3 5.06% 4.28%-5.9% 27765 24366-31165 4585 4382-4788

R.K.HegdeNagar NorthBangalore Overall 4.87% 4.42%-5.35% 22562 21121-24004 4484 4363-4605

Rajajinagar CentralBangalore 2 3.73% 3.45%-4.01% 20879 19824-21933 5804 5719-5888

Rajajinagar CentralBangalore Overall 3.5% 3.24%-3.77% 20578 19514-21643 5677 5591-5762

RamamurthyNagar

EastBangalore 2 4.39% 4.07%-4.73% 18733 18111-19356 4458 4296-4621

RamamurthyNagar

EastBangalore 3 5.08% 4.46%-5.74% 25555 23059-28051 4380 4163-4597

RamamurthyNagar

EastBangalore Overall 4.21% 3.9%-4.53% 18753 18128-19377 4385 4247-4522

Rayasandra SouthBangalore Overall 3.89% 3.31%-4.56% 21298 19480-23115 NA NA

RMVExtensionStage2

NorthBangalore 2 3.7% 3.3%-4.13% 22121 20635-23607 6078 5828-6328

RMVExtensionStage2

NorthBangalore Overall 3.48% 3.14%-3.84% 21601 20201-23000 5741 5548-5933

RRNagar SouthBangalore 2 5.44% 5.28%-5.61% 23065 22593-23537 4322 4279-4364

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Locality Region BHKAvg.RentalYield

RangeofAvg.RentalYield

Avg.MonthlyRent(INR)

RangeofAvg.Rent(INR)

Avg.Rateper

SqFt(INR)

RangeofAvg.Rate(INR)

RRNagar SouthBangalore 3 5.64% 5.44%-5.85% 30077 29403-30750 4406 4347-4465

RRNagar SouthBangalore Overall 5.37% 5.21%-5.52% 25368 24892-25844 4363 4328-4398

S.Medihalli SouthBangalore 2 8.75% 7.11%-10.59

% 26280 22557-30004 3049 2888-3211

S.Medihalli SouthBangalore Overall 7.91% 6.72%-9.24% 26468 23727-29209 3078 2958-3199

SanjayNagar NorthBangalore 2 4.86% 4.54%-5.2% 24738 23735-25742 5691 5562-5821

SanjayNagar NorthBangalore Overall 4.95% 4.57%-5.36% 25339 24092-26585 5693 5573-5813

Singasandra SouthBangalore 2 5.79% 5.41%-6.19% 22433 21589-23277 4050 3949-4150

Singasandra SouthBangalore 3 6.61% 5.93%-7.36% 30697 28793-32601 3809 3698-3921

Singasandra SouthBangalore Overall 5.4% 5.04%-5.78% 22514 21583-23444 3958 3880-4036

Somasundarapalya SouthBangalore 2 6.95% 6.28%-7.69% 28150 26998-29302 4020 3791-4249

Somasundarapalya SouthBangalore Overall 6.26% 5.55%-7.09% 28677 27339-30015 4115 3919-4310

Sompura EastBangalore 2 6.89% 5.87%-8.02% 20464 18297-22632 NA NA

Sompura EastBangalore Overall 7.23% 6.21%-8.36% 22990 20696-25283 3377 3152-3602

Srinivaspura SouthBangalore 2 6.19% 5.82%-6.59% 23794 22926-24662 4086 3993-4179

Srinivaspura SouthBangalore 3 6.38% 5.89%-6.91% 29699 28221-31177 4013 3897-4128

Srinivaspura SouthBangalore Overall 6.29% 5.95%-6.64% 26530 25657-27402 4054 3983-4126

Subramanyapura SouthBangalore 2 4.06% 3.65%-4.48% 16645 15296-17993 4187 4095-4280

Subramanyapura SouthBangalore 3 3.64% 3.14%-4.16% 19378 17226-21529 4356 4249-4463

Subramanyapura SouthBangalore Overall 3.69% 3.37%-4.02% 17421 16255-18587 4295 4225-4365

Sunkadakatte WestBangalore 2 3.96% 3.54%-4.42% 18502 17442-19562 4599 4344-4854

Sunkadakatte WestBangalore Overall 3.46% 3.12%-3.83% 17999 17022-18976 4631 4430-4831

Sunkalpalya SouthBangalore Overall 5.76% 5.01%-6.59% 23053 20880-25225 3781 3646-3916

TejaswiniNagar SouthBangalore Overall 5.8% 4.99%-6.7% 25449 23214-27685 3720 3581-3859

Thanisandra NorthBangalore 2 4.86% 4.47%-5.26% 22139 20784-23494 4612 4508-4716

Thanisandra NorthBangalore 3 5.39% 4.86%-5.96% 30185 28046-32325 4551 4405-4697

Thanisandra NorthBangalore Overall 4.83% 4.45%-5.23% 23959 22543-25374 4576 4494-4659

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Locality Region BHKAvg.RentalYield

RangeofAvg.RentalYield

Avg.MonthlyRent(INR)

RangeofAvg.Rent(INR)

Avg.Rateper

SqFt(INR)

RangeofAvg.Rate(INR)

Thyvakanahally SouthBangalore Overall 8.52% 7.66%-9.46% 27805 26169-29441 3361 3185-3537

Uttarahalli SouthBangalore 2 4.66% 4.16%-5.22% 20328 19160-21495 4126 3952-4299

Uttarahalli SouthBangalore 3 4.69% 4.34%-5.07% 28741 27729-29754 4823 4684-4962

Uttarahalli SouthBangalore Overall 4.59% 4.24%-4.97% 25173 24165-26181 4596 4479-4712

Varthur EastBangalore 2 6.71% 6.14%-7.32% 22319 20956-23682 3494 3422-3566

Varthur EastBangalore 3 7.55% 6.86%-8.29% 30277 28716-31838 3594 3443-3745

Varthur EastBangalore Overall 6.8% 6.27%-7.37% 24508 23192-25824 3535 3464-3606

Veerasagara NorthBangalore Overall 8.14% 7.46%-8.85% 33218 31128-35308 3846 3782-3909

Vidyaranyapura NorthBangalore 2 4.03% 3.7%-4.36% 18671 17501-19842 4763 4672-4854

Vidyaranyapura NorthBangalore Overall 3.51% 3.26%-3.77% 17480 16535-18424 4636 4557-4715

Vijayanagar WestBangalore 3 3.97% 3.28%-4.78% 25211 22499-27923 5791 5484-6099

Vijayanagar WestBangalore Overall 2.89% 2.6%-3.21% 17502 16759-18246 5690 5435-5946

Virupakshapura NorthBangalore Overall 3.41% 2.88%-4.06% 16320 15186-17454 4516 4287-4746

Voderahalli NorthBangalore Overall 5.52% 4.17%-7.01% 27504 21795-33214 4241 4069-4413

Volagerekallahalli WestBangalore 2 10.37

%9.44%-11.37

% 34014 31954-36075 3270 3175-3366

Volagerekallahalli WestBangalore Overall 10% 9.24%-10.81

% 34390 32791-35988 3278 3197-3360

Whitefield EastBangalore 2 6.2% 5.99%-6.42% 24910 24451-25369 4046 3981-4110

Whitefield EastBangalore 3 5.97% 5.7%-6.26% 30558 29809-31307 4146 4057-4234

Whitefield EastBangalore Overall 5.5% 5.31%-5.69% 24812 24366-25258 4095 4043-4147

Yelahanka NorthBangalore 2 3.84% 3.24%-4.54% 18040 16367-19714 4542 4278-4806

Yelahanka NorthBangalore 3 5.15% 4.66%-5.69% 28003 26344-29663 4631 4476-4787

Yelahanka NorthBangalore Overall 4.45% 4.02%-4.92% 23330 21876-24785 4639 4508-4771

YelahankaNewTown

NorthBangalore 2 5.7% 4.81%-6.67% 24130 21259-27001 4547 4433-4661

YelahankaNewTown

NorthBangalore Overall 5.45% 4.52%-6.52% 23132 20431-25832 4476 4359-4593

Yeshwanthpur NorthBangalore 2 4.3% 4.02%-4.59% 24882 23709-26055 5522 5451-5594

Yeshwanthpur NorthBangalore 3 4.74% 4.17%-5.32% 30201 27089-33312 5111 4973-5249

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Locality Region BHKAvg.RentalYield

RangeofAvg.RentalYield

Avg.MonthlyRent(INR)

RangeofAvg.Rent(INR)

Avg.Rateper

SqFt(INR)

RangeofAvg.Rate(INR)

Yeshwanthpur NorthBangalore Overall 4.19% 3.94%-4.45% 25007 23839-26175 5358 5290-5425