Rents in gated communities in Bengaluru increase by 40%, says report

Traditionally, rents increase by 7-8 per cent in a year but this year they have increased from anywhere between 15-40 per cent.

High demand for apartments in gated residential societies has hiked the home rentals in gated communities across Bengaluru by up to 40 per cent, as per NoBroker survey. 

Listings in gated societies are in such high demand on the platform that almost all properties get rented out within 5-6 hours, especially those located in East Bengaluru or close to the IT corridor. 

As per survey, in Adarsh Palm Retreat, Bellandur, 3BHK apartments with monthly rent in the range of Rs 45,000-55,000 in 2021 are now attracting monthly rents of Rs 65,000-75,000.

Similarly, 2BHK apartments in another gated society, Raheja Residency,