Rents Double: Can’t find flats for rent in Bangalore! Rent has doubled, know what is the reason – why rents of houses and flats have doubled in bengaluru

Due to this, there was a jump in the rent.

The reason for the increase in flat rents in Bangalore by up to two times is due to the decrease in new constructions. Due to this the availability of flats has been affected. This is the reason why there is a continuous increase in the rent of flats in Bangalore. Apartments were getting cheap during the Corona pandemic. The rent was also reduced considerably. In fact, work from home had started in most of the offices during the Corona period. During this time most of the people had returned to their city. Now the offices have opened again. Because of this the rent is also increasing rapidly.

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Many big companies have offices

Many big companies have their offices in Bengaluru, the capital of Karnataka. More than 1.5 million people live in this city. Here are the offices of companies like Amazon, Goldman, Google and Accenture. Now after the Corona period, people have started coming to these offices again. Now the landlords of Bengaluru are trying to make up for the loss in rent. Business is also back on track. In the year 2023, a continuous increase in the rent of houses is being recorded. The rents are continuously increasing in cities like Noida, Hyderabad, Delhi, Gurugram, Mumbai, Bengaluru and Pune.