+
Bengaluru Landlords Adjust Rents Amid Tech Exodus
ECONOMY & POLICY

Bengaluru Landlords Adjust Rents Amid Tech Exodus

In Bengaluru, the rental dynamics are evolving swiftly as tech employees move away from traditional IT hubs. Landlords are now compelled to adjust rental rates to attract tenants in areas once bustling with tech activity.

The trend reflects a broader change in the city's real estate market. Areas previously favored by tech professionals are seeing a decline in demand, prompting landlords to reconsider rental pricing strategies. This adjustment aims to retain occupancy levels and maintain cash flows amidst shifting tenant preferences.

Analysts point out that the shift is partly driven by remote work trends accelerated by the pandemic. Employees now seek housing options closer to recreational spaces and suburban tranquillity, moving away from densely packed IT corridors.

Moreover, the adjustment in rental rates varies across localities. While some areas witness a more significant drop due to high vacancy rates, others remain resilient, buoyed by diverse tenant pools beyond the tech sector.

Overall, Bengaluru's real estate market is adapting to new realities shaped by remote work and changing tenant preferences. Landlords navigating these changes are reevaluating rental pricing strategies to align with evolving market dynamics and tenant expectations.

In Bengaluru, the rental dynamics are evolving swiftly as tech employees move away from traditional IT hubs. Landlords are now compelled to adjust rental rates to attract tenants in areas once bustling with tech activity. The trend reflects a broader change in the city's real estate market. Areas previously favored by tech professionals are seeing a decline in demand, prompting landlords to reconsider rental pricing strategies. This adjustment aims to retain occupancy levels and maintain cash flows amidst shifting tenant preferences. Analysts point out that the shift is partly driven by remote work trends accelerated by the pandemic. Employees now seek housing options closer to recreational spaces and suburban tranquillity, moving away from densely packed IT corridors. Moreover, the adjustment in rental rates varies across localities. While some areas witness a more significant drop due to high vacancy rates, others remain resilient, buoyed by diverse tenant pools beyond the tech sector. Overall, Bengaluru's real estate market is adapting to new realities shaped by remote work and changing tenant preferences. Landlords navigating these changes are reevaluating rental pricing strategies to align with evolving market dynamics and tenant expectations.

Next Story
Infrastructure Urban

APCRDA Approves Rs 9.04 Bn to Upgrade Infrastructure in 29 Amaravati Villages

The Andhra Pradesh Capital Region Development Authority (APCRDA), chaired by Chief Minister N Chandrababu Naidu, has approved Rs 9.04 billion for addressing key infrastructure gaps in 29 villages within Amaravati’s greenfield capital area, announced Municipal Administration Minister P. Narayana at the 51st CRDA meeting.The funds will be used to upgrade critical facilities including roads, drains, drinking water supply, sewerage systems, and street lighting. A detailed assessment revealed a 30 per cent shortfall in water supply, a total absence of sewerage infrastructure, a 40 per cent defici..

Next Story
Infrastructure Transport

Cabinet Approves Phase-1B of Lucknow Metro Rail Project Worth Rs 58.01 Bn

The Union Cabinet, led by Prime Minister Narendra Modi, has approved Phase-1B of the Lucknow Metro Rail Project in Uttar Pradesh. This phase covers an 11.165 km corridor with 12 stations—7 underground and 5 elevated—extending the city’s metro network to 34 km upon completion.Phase-1B targets the dense, historic parts of Lucknow, enhancing connectivity across key commercial, healthcare, tourist, and culinary hubs. Important areas served include Aminabad, Yahiyaganj, Pandeyganj, Chowk, King George’s Medical University, and landmarks like Bara Imambara and Rumi Darwaza.This expansion prom..

Next Story
Infrastructure Transport

Major Upgrades Planned for Tamil Nadu’s National Waterways

Tamil Nadu is poised for significant infrastructure upgrades across its National Waterways (NWs), with a focus on developing jetties, cargo hubs, and cruise tourism circuits, according to the Ministry of Ports, Shipping and Waterways. These projects aim to promote sustainable inland water transport and boost regional economic activity.Key projects include the development of Buckingham Canal (part of NW-4), with jetties planned at the following locations:Mahabalipuram to Ediyur BridgeCooum River near Marina BeachPulicat LakeEnnore Port to ETPS, specifically for cargo operationsOther National Wa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?