Bengaluru's rental housing market saw an average price correction of 5-10% during the April-June quarter of the current calendar year, driven by tenants moving to the outskirts and the growth of co-living options.
Bangalore's top-end villa rentals have dropped by 25-30% due to a surge in new projects and the decline in expat relocations, affecting demand significantly.
Bangalore real estate sees continued price increases due to IT boom, BPO sector, infrastructure, and migration. Experts advise buyers to wait for prices to stabilize.
Bangalore's central mid-range residential rentals surge by 8-10% due to fewer new projects from leading developers, while eastern and southern areas face an 11% and 4% drop, respectively.