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The Bengaluru
Rental Yield Report
Credits:Augustus	Binu/www.dreamsparrow.net
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
IREF Bengaluru Rental Yield Report |3
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.
IREF Bengaluru Rental Yield Report |4
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
IREF Bengaluru Rental Yield Report |5
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
IREF Bengaluru Rental Yield Report |6
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.
IREF Bengaluru Rental Yield Report |7
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
IREF Bengaluru Rental Yield Report |8
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.
IREF Bengaluru Rental Yield Report |9
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 − +
= ∗ √.
IREF Bengaluru Rental Yield Report |10
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	 BHK	
Avg.	
Rental	
Yield	
Range	of	Avg.	
Rental	Yield	
Avg.	
Monthly	
Rent	
(INR)	
Range	of	Avg.	
Rent	(INR)	
Avg.	
Rate	per	
SqFt	
(INR)	
Range	of	
Avg.	Rate	
Agrahara	Layout	
North	
Bangalore	
2	 4.77	%	 4	%	-	5.61	%	 20583	 17982	-	23184	 4421	 4267	-	4575	
Akshayanagar	
South	
Bangalore	
2	 4.74	%	 4.24	%	-	5.28	%	 17465	 16015	-	18914	 3827	 3743	-	3912	
Akshayanagar	
South	
Bangalore	
3	 3.9	%	 3.48	%	-	4.36	%	 18518	 17234	-	19802	 3812	 3659	-	3965	
Akshayanagar	
South	
Bangalore	
Overall	 4.32	%	 3.94	%	-	4.71	%	 17452	 16381	-	18523	 3823	 3750	-	3895	
Anantapura	
North	
Bangalore	
2	 3.41	%	 2.93	%	-	3.95	%	 12783	 11607	-	13959	 3952	 3731	-	4172	
Anantapura	
North	
Bangalore	
Overall	 3.51	%	 3.05	%	-	4.03	%	 15364	 14033	-	16695	 3998	 3842	-	4154	
Annapurneshwari	
Nagar	
West	
Bangalore	
2	 3.34	%	 3.08	%	-	3.62	%	 14393	 13801	-	14986	 4621	 4447	-	4795	
Annapurneshwari	
Nagar	
West	
Bangalore	
3	 3.8	%	 3.52	%	-	4.09	%	 20703	 19845	-	21562	 4683	 4532	-	4833	
Annapurneshwari	
Nagar	
West	
Bangalore	
Overall	 3.22	%	 3.01	%	-	3.45	%	 16061	 15438	-	16684	 4711	 4599	-	4822	
Arakere	
South	
Bangalore	
2	 3	%	 2.78	%	-	3.23	%	 14384	 13938	-	14831	 4736	 4553	-	4919	
Arakere	
South	
Bangalore	
Overall	 2.66	%	 2.49	%	-	2.85	%	 14098	 13690	-	14505	 4928	 4781	-	5075	
Balagere	 East	Bangalore	 2	 5.41	%	 5	%	-	5.84	%	 19145	 18305	-	19984	 3584	 3467	-	3700	
Balagere	 East	Bangalore	 3	 5.89	%	 5.51	%	-	6.29	%	 24125	 23474	-	24776	 3470	 3340	-	3599	
Balagere	 East	Bangalore	 Overall	 5.72	%	 5.39	%	-	6.06	%	 21709	 21029	-	22389	 3531	 3445	-	3618	
Banashankari	
Central	
Bangalore	
2	 2.51	%	 2.32	%	-	2.7	%	 12400	 11920	-	12880	 5258	 5089	-	5428	
Banashankari	
Central	
Bangalore	
3	 3.1	%	 2.85	%	-	3.36	%	 18996	 18082	-	19911	 5081	 4930	-	5232	
Banashankari	
Central	
Bangalore	
Overall	 2.3	%	 2.17	%	-	2.44	%	 12952	 12551	-	13353	 5144	 5032	-	5256	
Banaswadi	
North	
Bangalore	
2	 2.72	%	 2.41	%	-	3.07	%	 15125	 14321	-	15928	 5166	 4885	-	5447	
Banaswadi	
North	
Bangalore	
3	 2.76	%	 2.34	%	-	3.24	%	 17661	 15924	-	19399	 5344	 5001	-	5687	
Banaswadi	
North	
Bangalore	
Overall	 2.54	%	 2.31	%	-	2.79	%	 15182	 14485	-	15879	 5264	 5053	-	5475	
Bangalore	City	
Municipal	
South	
Bangalore	
2	 4.15	%	 3.91	%	-	4.4	%	 14769	 14312	-	15226	 3815	 3730	-	3901
IREF Bengaluru Rental Yield Report |11
Locality	 Region	 BHK	
Avg.	
Rental	
Yield	
Range	of	Avg.	
Rental	Yield	
Avg.	
Monthly	
Rent	
(INR)	
Range	of	Avg.	
Rent	(INR)	
Avg.	
Rate	per	
SqFt	
(INR)	
Range	of	
Avg.	Rate	
Corporation	
Layout	
Bangalore	City	
Municipal	
Corporation	
Layout	
South	
Bangalore	
3	 4.13	%	 3.7	%	-	4.58	%	 17777	 16256	-	19299	 3827	 3715	-	3938	
Bangalore	City	
Municipal	
Corporation	
Layout	
South	
Bangalore	
Overall	 4.04	%	 3.8	%	-	4.29	%	 15763	 15180	-	16345	 3830	 3762	-	3898	
Basapura	
South	
Bangalore	
2	 4.69	%	 4.43	%	-	4.95	%	 16889	 16266	-	17512	 3781	 3716	-	3847	
Basapura	
South	
Bangalore	
3	 4.4	%	 4.17	%	-	4.64	%	 18793	 18271	-	19314	 3659	 3581	-	3737	
Basapura	
South	
Bangalore	
Overall	 4.47	%	 4.26	%	-	4.69	%	 17310	 16779	-	17842	 3740	 3686	-	3794	
Basaveshwara	
Nagar	
West	
Bangalore	
2	 2.64	%	 2.38	%	-	2.91	%	 14171	 13356	-	14987	 5706	 5551	-	5861	
Basaveshwara	
Nagar	
West	
Bangalore	
3	 3.03	%	 2.76	%	-	3.34	%	 19990	 19043	-	20936	 5695	 5455	-	5935	
Basaveshwara	
Nagar	
West	
Bangalore	
Overall	 2.58	%	 2.38	%	-	2.81	%	 15213	 14499	-	15928	 5701	 5572	-	5830	
Battarahalli	 East	Bangalore	 2	 3.05	%	 2.74	%	-	3.39	%	 11571	 10918	-	12224	 4035	 3836	-	4234	
Battarahalli	 East	Bangalore	 Overall	 2.85	%	 2.57	%	-	3.15	%	 11865	 11225	-	12506	 4051	 3888	-	4214	
Begur	
North	
Bangalore	
2	 3.67	%	 3.44	%	-	3.91	%	 12962	 12522	-	13402	 3878	 3774	-	3982	
Begur	
North	
Bangalore	
3	 4.18	%	 3.74	%	-	4.66	%	 19126	 17716	-	20537	 3760	 3647	-	3872	
Begur	
North	
Bangalore	
Overall	 3.38	%	 3.18	%	-	3.6	%	 13182	 12744	-	13621	 3851	 3770	-	3932	
Bellandur	 East	Bangalore	 2	 4.04	%	 3.83	%	-	4.27	%	 18378	 17925	-	18831	 4368	 4254	-	4482	
Bellandur	 East	Bangalore	 3	 4.37	%	 4.04	%	-	4.73	%	 22297	 21491	-	23103	 4207	 3999	-	4415	
Bellandur	 East	Bangalore	 Overall	 3.79	%	 3.59	%	-	4	%	 18155	 17642	-	18669	 4317	 4207	-	4426	
Bikasipura	
South	
Bangalore	
2	 3.23	%	 2.85	%	-	3.65	%	 14837	 13890	-	15784	 4804	 4504	-	5105	
Bikasipura	
South	
Bangalore	
Overall	 3.24	%	 2.9	%	-	3.61	%	 16384	 15514	-	17255	 4822	 4604	-	5039	
Bilekahalli	
South	
Bangalore	
Overall	 2.98	%	 2.7	%	-	3.3	%	 14324	 13961	-	14687	 5058	 4760	-	5356	
Bommanahalli	
South	
Bangalore	
2	 3.89	%	 3.66	%	-	4.14	%	 15784	 15264	-	16304	 4224	 4127	-	4321	
Bommanahalli	
South	
Bangalore	
3	 3.27	%	 3.03	%	-	3.52	%	 20192	 19064	-	21319	 4742	 4657	-	4826	
Bommanahalli	
South	
Bangalore	
Overall	 2.74	%	 2.6	%	-	2.89	%	 14552	 14150	-	14954	 4567	 4497	-	4637	
Bommasandra	 East	Bangalore	 2	 4.51	%	 4.23	%	-	4.81	%	 12221	 11659	-	12783	 2981	 2936	-	3025	
Bommasandra	 East	Bangalore	 Overall	 3.97	%	 3.72	%	-	4.25	%	 11486	 11014	-	11959	 3092	 3037	-	3147	
BTM	Layout	
South	
Bangalore	
2	 3.11	%	 2.84	%	-	3.43	%	 15702	 15305	-	16100	 4859	 4569	-	5149	
BTM	Layout	
South	
Bangalore	
3	 4.3	%	 3.85	%	-	4.8	%	 23477	 22180	-	24774	 4360	 4122	-	4598
IREF Bengaluru Rental Yield Report |12
Locality	 Region	 BHK	
Avg.	
Rental	
Yield	
Range	of	Avg.	
Rental	Yield	
Avg.	
Monthly	
Rent	
(INR)	
Range	of	Avg.	
Rent	(INR)	
Avg.	
Rate	per	
SqFt	
(INR)	
Range	of	
Avg.	Rate	
BTM	Layout	
South	
Bangalore	
Overall	 2.48	%	 2.33	%	-	2.65	%	 13064	 12829	-	13299	 4616	 4426	-	4807	
BTM	Layout	1	
South	
Bangalore	
Overall	 1.87	%	 1.73	%	-	2.03	%	 13509	 13018	-	14000	 NA	 NA	
Byadarahalli	
West	
Bangalore	
2	 2.4	%	 1.99	%	-	2.89	%	 12378	 11112	-	13644	 NA	 NA	
Byadarahalli	
West	
Bangalore	
Overall	 2.5	%	 2.08	%	-	3	%	 12582	 11317	-	13846	 NA	 NA	
Byagadadenahalli	
South	
Bangalore	
Overall	 5.65	%	 4.4	%	-	7.21	%	 17084	 14714	-	19454	 3037	 2886	-	3188	
C	V	Raman	Nagar	 East	Bangalore	 2	 3.46	%	 3.15	%	-	3.8	%	 14727	 14108	-	15345	 4479	 4304	-	4653	
C	V	Raman	Nagar	 East	Bangalore	 Overall	 3.07	%	 2.81	%	-	3.36	%	 14512	 13962	-	15062	 4445	 4299	-	4591	
Chambenahalli	 East	Bangalore	 2	 6.93	%	 6.41	%	-	7.5	%	 20844	 20047	-	21641	 3513	 3416	-	3610	
Chambenahalli	 East	Bangalore	 Overall	 7	%	 6.5	%	-	7.53	%	 21088	 20328	-	21849	 3484	 3392	-	3577	
Chandra	Layout	
Extension	
West	
Bangalore	
2	 2.73	%	 2.44	%	-	3.04	%	 14062	 13104	-	15019	 5472	 5313	-	5632	
Chandra	Layout	
Extension	
West	
Bangalore	
Overall	 2.71	%	 2.43	%	-	3.02	%	 14092	 13114	-	15069	 5480	 5335	-	5625	
Chansandra	
South	
Bangalore	
2	 4.77	%	 4.22	%	-	5.34	%	 16997	 15326	-	18668	 3723	 3654	-	3791	
Chansandra	
South	
Bangalore	
Overall	 3.54	%	 3.21	%	-	3.89	%	 12978	 12029	-	13927	 3732	 3670	-	3794	
Chikkakannalli	
South	
Bangalore	
2	 5.26	%	 4.8	%	-	5.74	%	 19537	 18460	-	20615	 3859	 3768	-	3949	
Chikkakannalli	
South	
Bangalore	
3	 4.97	%	 4.61	%	-	5.37	%	 24950	 24459	-	25441	 4378	 4172	-	4584	
Chikkakannalli	
South	
Bangalore	
Overall	 5.27	%	 4.89	%	-	5.67	%	 23368	 22696	-	24039	 4146	 4023	-	4268	
Chikkalasandra	
South	
Bangalore	
2	 2.99	%	 2.65	%	-	3.38	%	 12128	 11368	-	12888	 4234	 4045	-	4424	
Chikkalasandra	
South	
Bangalore	
3	 3.75	%	 3.36	%	-	4.18	%	 17779	 16551	-	19006	 4068	 3949	-	4187	
Chikkalasandra	
South	
Bangalore	
Overall	 2.76	%	 2.51	%	-	3.04	%	 12582	 11872	-	13291	 4163	 4057	-	4270	
Chokkanahalli	
North	
Bangalore	
2	 4	%	 3.68	%	-	4.33	%	 18285	 17194	-	19377	 4455	 4370	-	4540	
Chokkanahalli	
North	
Bangalore	
Overall	 3.76	%	 3.43	%	-	4.1	%	 18552	 17300	-	19805	 4571	 4496	-	4645	
Choodasandra	 East	Bangalore	 2	 4.13	%	 3.66	%	-	4.68	%	 15556	 14745	-	16366	 3848	 3646	-	4050	
Choodasandra	 East	Bangalore	 Overall	 3.35	%	 3	%	-	3.75	%	 14854	 14127	-	15581	 3856	 3713	-	3998	
Choudadenahalli	
South	
Bangalore	
2	 5.65	%	 5.27	%	-	6.06	%	 19971	 18994	-	20948	 3700	 3602	-	3799	
Choudadenahalli	
South	
Bangalore	
Overall	 5.57	%	 5.16	%	-	5.99	%	 20481	 19484	-	21477	 3743	 3645	-	3840	
Dasarahalli	
North	
Bangalore	
Overall	 2.97	%	 2.62	%	-	3.36	%	 14284	 13224	-	15343	 4462	 4191	-	4733	
Devarachikkana	
Halli	
South	
Bangalore	
2	 4.41	%	 3.97	%	-	4.87	%	 16166	 15047	-	17284	 3839	 3714	-	3963	
Devarachikkana	
Halli	
South	
Bangalore	
3	 4.48	%	 3.88	%	-	5.14	%	 22320	 20244	-	24397	 3994	 3807	-	4181
IREF Bengaluru Rental Yield Report |13
Locality	 Region	 BHK	
Avg.	
Rental	
Yield	
Range	of	Avg.	
Rental	Yield	
Avg.	
Monthly	
Rent	
(INR)	
Range	of	Avg.	
Rent	(INR)	
Avg.	
Rate	per	
SqFt	
(INR)	
Range	of	
Avg.	Rate	
Devarachikkana	
Halli	
South	
Bangalore	
Overall	 4.08	%	 3.7	%	-	4.47	%	 16803	 15751	-	17854	 3891	 3788	-	3995	
Devinagar	
North	
Bangalore	
2	 2.39	%	 2.05	%	-	2.77	%	 13107	 12030	-	14183	 4920	 4699	-	5142	
Devinagar	
North	
Bangalore	
Overall	 2.27	%	 1.97	%	-	2.61	%	 13798	 12595	-	15000	 4837	 4684	-	4990	
Doddabommasand
ra	
North	
Bangalore	
Overall	 2.03	%	 1.55	%	-	2.68	%	 11756	 10214	-	13298	 5058	 4512	-	5604	
Doddakannelli	 East	Bangalore	 Overall	 3.39	%	 2.94	%	-	3.89	%	 16544	 15031	-	18057	 4667	 4453	-	4881	
Doddanekundi	 East	Bangalore	 2	 4.2	%	 3.77	%	-	4.69	%	 15724	 15121	-	16327	 3821	 3614	-	4028	
Doddanekundi	 East	Bangalore	 Overall	 3.61	%	 3.24	%	-	4.05	%	 14711	 14226	-	15195	 4057	 3823	-	4292	
Electronic	City	
South	
Bangalore	
1	 4.87	%	 4.27	%	-	5.62	%	 8541	 8224	-	8859	 3302	 2953	-	3652	
Electronic	City	
South	
Bangalore	
2	 4.88	%	 4.76	%	-	4.99	%	 14073	 13903	-	14243	 3196	 3160	-	3231	
Electronic	City	
South	
Bangalore	
3	 4.71	%	 4.5	%	-	4.94	%	 17055	 16653	-	17458	 3181	 3114	-	3248	
Electronic	City	
South	
Bangalore	
Overall	 4.68	%	 4.56	%	-	4.79	%	 14261	 14074	-	14449	 3199	 3168	-	3231	
Gnana	Bharathi	
West	
Bangalore	
2	 3.23	%	 2.86	%	-	3.62	%	 14424	 13338	-	15510	 4653	 4470	-	4835	
Gnana	Bharathi	
West	
Bangalore	
3	 3.57	%	 3.26	%	-	3.91	%	 18323	 17528	-	19118	 4340	 4122	-	4559	
Gnana	Bharathi	
West	
Bangalore	
Overall	 3.26	%	 2.98	%	-	3.56	%	 15706	 14853	-	16558	 4523	 4387	-	4659	
Gottigere	
South	
Bangalore	
2	 3.48	%	 3.19	%	-	3.79	%	 13244	 12690	-	13799	 4080	 3919	-	4240	
Gottigere	
South	
Bangalore	
3	 3.93	%	 3.56	%	-	4.33	%	 17673	 16559	-	18787	 3919	 3787	-	4052	
Gottigere	
South	
Bangalore	
Overall	 3.3	%	 3.08	%	-	3.54	%	 13799	 13269	-	14329	 4025	 3922	-	4127	
Gunjur	Palya	 East	Bangalore	 2	 5.16	%	 4.87	%	-	5.47	%	 14865	 14544	-	15186	 3311	 3219	-	3403	
Gunjur	Palya	 East	Bangalore	 Overall	 4.88	%	 4.46	%	-	5.34	%	 14439	 13913	-	14966	 3348	 3277	-	3418	
Halanayakanahalli	 East	Bangalore	 2	 5.29	%	 4.81	%	-	5.82	%	 20304	 19263	-	21345	 4149	 4010	-	4288	
Halanayakanahalli	 East	Bangalore	 Overall	 4.86	%	 4.42	%	-	5.34	%	 19960	 18869	-	21050	 4223	 4110	-	4335	
Hallehalli	 East	Bangalore	 2	 3.91	%	 3.43	%	-	4.47	%	 12487	 11642	-	13331	 3451	 3235	-	3666	
Hallehalli	 East	Bangalore	 3	 4.41	%	 4	%	-	4.84	%	 15971	 14916	-	17026	 3160	 3044	-	3275	
Hallehalli	 East	Bangalore	 Overall	 4.12	%	 3.76	%	-	4.51	%	 14006	 13277	-	14734	 3312	 3179	-	3445	
Harlur	
South	
Bangalore	
2	 4.72	%	 4.17	%	-	5.34	%	 20526	 19162	-	21889	 4249	 4105	-	4392	
Harlur	
South	
Bangalore	
3	 5.15	%	 4.77	%	-	5.58	%	 25487	 24789	-	26184	 NA	 NA	
Harlur	
South	
Bangalore	
Overall	 4.83	%	 4.39	%	-	5.3	%	 21887	 20813	-	22960	 4299	 4160	-	4437	
HBR	Layout	
North	
Bangalore	
2	 3.56	%	 3.37	%	-	3.76	%	 16906	 16345	-	17467	 4805	 4722	-	4888	
HBR	Layout	
North	
Bangalore	
3	 3.47	%	 3.17	%	-	3.78	%	 20328	 19219	-	21437	 4814	 4668	-	4961	
HBR	Layout	
North	
Bangalore	
Overall	 3.31	%	 3.15	%	-	3.47	%	 16931	 16436	-	17426	 4811	 4739	-	4883
IREF Bengaluru Rental Yield Report |14
Locality	 Region	 BHK	
Avg.	
Rental	
Yield	
Range	of	Avg.	
Rental	Yield	
Avg.	
Monthly	
Rent	
(INR)	
Range	of	Avg.	
Rent	(INR)	
Avg.	
Rate	per	
SqFt	
(INR)	
Range	of	
Avg.	Rate	
Hebbal	
North	
Bangalore	
2	 2.67	%	 2.4	%	-	2.97	%	 12998	 12435	-	13561	 5015	 4756	-	5275	
Hebbal	
North	
Bangalore	
Overall	 2.47	%	 2.26	%	-	2.71	%	 13805	 13241	-	14370	 4978	 4805	-	5150	
Hebbal	
Kempapura	
North	
Bangalore	
2	 3.26	%	 3.02	%	-	3.52	%	 14502	 13803	-	15201	 4762	 4603	-	4921	
Hebbal	
Kempapura	
North	
Bangalore	
3	 3.48	%	 3.06	%	-	3.97	%	 19841	 18584	-	21097	 NA	 NA	
Hebbal	
Kempapura	
North	
Bangalore	
Overall	 3.25	%	 2.98	%	-	3.53	%	 15331	 14572	-	16090	 4770	 4622	-	4919	
Hegganahalli	
West	
Bangalore	
2	 2.65	%	 2.42	%	-	2.89	%	 11514	 10753	-	12275	 4445	 4362	-	4527	
Hegganahalli	
West	
Bangalore	
Overall	 2.17	%	 2	%	-	2.34	%	 9684	 9176	-	10193	 4478	 4388	-	4569	
Hennur	
North	
Bangalore	
2	 3.51	%	 3.19	%	-	3.86	%	 15162	 14518	-	15805	 4081	 3962	-	4200	
Hennur	
North	
Bangalore	
3	 3.65	%	 3.2	%	-	4.14	%	 17606	 16230	-	18983	 4067	 3888	-	4246	
Hennur	
North	
Bangalore	
Overall	 3.49	%	 3.23	%	-	3.77	%	 15797	 15197	-	16396	 4131	 4029	-	4234	
Hongasandra	
South	
Bangalore	
2	 3.7	%	 3.42	%	-	4	%	 13202	 12745	-	13658	 3826	 3703	-	3950	
Hongasandra	
South	
Bangalore	
Overall	 2.54	%	 2.35	%	-	2.74	%	 10495	 10260	-	10730	 3915	 3790	-	4040	
Hoodi	 East	Bangalore	 3	 3.47	%	 3.05	%	-	3.96	%	 23096	 21663	-	24529	 NA	 NA	
Hoodi	 East	Bangalore	 Overall	 3.16	%	 2.79	%	-	3.58	%	 19375	 18381	-	20369	 5433	 5174	-	5691	
Hormavu	
North	
Bangalore	
2	 3.75	%	 3.58	%	-	3.93	%	 14972	 14495	-	15448	 4123	 4064	-	4182	
Hormavu	
North	
Bangalore	
3	 3.86	%	 3.61	%	-	4.12	%	 19948	 19147	-	20748	 4158	 4053	-	4263	
Hormavu	
North	
Bangalore	
Overall	 3.67	%	 3.51	%	-	3.83	%	 15820	 15356	-	16284	 4188	 4136	-	4241	
Hosakerehalli	
South	
Bangalore	
2	 2.46	%	 2.07	%	-	2.87	%	 9637	 8431	-	10843	 4106	 3976	-	4235	
Hosakerehalli	
South	
Bangalore	
Overall	 2.39	%	 2.1	%	-	2.69	%	 10555	 9561	-	11550	 4105	 4019	-	4191	
Hoskote	 East	Bangalore	 Overall	 4.42	%	 3.55	%	-	5.4	%	 15278	 13033	-	17522	 3355	 3293	-	3416	
HSR	Layout	
South	
Bangalore	
2	 3.45	%	 3.26	%	-	3.66	%	 18849	 18621	-	19077	 5790	 5590	-	5991	
HSR	Layout	
South	
Bangalore	
Overall	 2.99	%	 2.84	%	-	3.16	%	 17245	 17055	-	17436	 5679	 5509	-	5848	
Hulimavu	
South	
Bangalore	
2	 3.86	%	 3.57	%	-	4.18	%	 14309	 13586	-	15031	 3950	 3868	-	4031	
Hulimavu	
South	
Bangalore	
3	 3.5	%	 3.11	%	-	3.93	%	 18565	 17068	-	20062	 4267	 4126	-	4409	
Hulimavu	
South	
Bangalore	
Overall	 3.23	%	 3.02	%	-	3.47	%	 13076	 12575	-	13578	 4033	 3958	-	4109	
Jakkuru	
North	
Bangalore	
2	 2.49	%	 2.29	%	-	2.69	%	 13348	 12555	-	14142	 5470	 5357	-	5583	
Jakkuru	
North	
Bangalore	
3	 2.96	%	 2.7	%	-	3.22	%	 19017	 17685	-	20349	 5484	 5382	-	5586
IREF Bengaluru Rental Yield Report |15
Locality	 Region	 BHK	
Avg.	
Rental	
Yield	
Range	of	Avg.	
Rental	Yield	
Avg.	
Monthly	
Rent	
(INR)	
Range	of	Avg.	
Rent	(INR)	
Avg.	
Rate	per	
SqFt	
(INR)	
Range	of	
Avg.	Rate	
Jakkuru	
North	
Bangalore	
Overall	 2.55	%	 2.37	%	-	2.74	%	 15372	 14501	-	16243	 5484	 5408	-	5560	
Jalahalli	East	
North	
Bangalore	
2	 2.8	%	 2.31	%	-	3.35	%	 12153	 10680	-	13625	 NA	 NA	
Jalahalli	East	
North	
Bangalore	
Overall	 2.74	%	 2.29	%	-	3.24	%	 12084	 10727	-	13442	 NA	 NA	
Jalahalli	West	
North	
Bangalore	
2	 3.57	%	 3.24	%	-	3.92	%	 12310	 11638	-	12981	 3711	 3624	-	3798	
Jalahalli	West	
North	
Bangalore	
Overall	 3.43	%	 3.14	%	-	3.75	%	 13069	 12348	-	13790	 3681	 3599	-	3762	
Jayanagar	
South	
Bangalore	
Overall	 2.69	%	 2.3	%	-	3.16	%	 16951	 16064	-	17838	 NA	 NA	
Jinkethimmanahall
i	
East	Bangalore	 2	 2.89	%	 2.54	%	-	3.27	%	 11954	 10933	-	12975	 4426	 4264	-	4588	
Jinkethimmanahall
i	
East	Bangalore	 Overall	 2.91	%	 2.59	%	-	3.26	%	 12192	 11289	-	13096	 4447	 4284	-	4611	
Jnana	Ganga	
Nagar	
West	
Bangalore	
2	 2.85	%	 2.51	%	-	3.24	%	 13906	 12889	-	14922	 NA	 NA	
Jnana	Ganga	
Nagar	
West	
Bangalore	
Overall	 2.79	%	 2.52	%	-	3.09	%	 14684	 13779	-	15589	 4672	 4457	-	4887	
JP	Nagar	
South	
Bangalore	
2	 3.04	%	 2.9	%	-	3.18	%	 13836	 13501	-	14171	 4701	 4601	-	4801	
JP	Nagar	
South	
Bangalore	
3	 3.26	%	 3.06	%	-	3.47	%	 18851	 18106	-	19596	 4713	 4588	-	4838	
JP	Nagar	
South	
Bangalore	
Overall	 2.7	%	 2.59	%	-	2.82	%	 13969	 13667	-	14272	 4759	 4682	-	4836	
K	R	Puram	 East	Bangalore	 2	 3.55	%	 3.37	%	-	3.74	%	 13683	 13289	-	14078	 4018	 3932	-	4104	
K	R	Puram	 East	Bangalore	 3	 3.78	%	 3.54	%	-	4.04	%	 18591	 17935	-	19246	 3974	 3866	-	4082	
K	R	Puram	 East	Bangalore	 Overall	 3.52	%	 3.35	%	-	3.69	%	 15193	 14801	-	15584	 4028	 3961	-	4096	
Kada	Agrahara	
South	
Bangalore	
2	 7	%	 6.47	%	-	7.55	%	 21215	 20098	-	22333	 3223	 3047	-	3400	
Kada	Agrahara	
South	
Bangalore	
Overall	 6.9	%	 6.2	%	-	7.68	%	 20635	 19394	-	21876	 3196	 3061	-	3331	
Kadubeesanahalli	 East	Bangalore	 2	 4.28	%	 3.95	%	-	4.64	%	 18213	 17539	-	18888	 4310	 4166	-	4455	
Kadubeesanahalli	 East	Bangalore	 Overall	 3.92	%	 3.64	%	-	4.23	%	 17426	 16773	-	18079	 4263	 4134	-	4392	
Kadugodi	 East	Bangalore	 2	 4.35	%	 4.03	%	-	4.69	%	 15561	 15002	-	16121	 3752	 3618	-	3887	
Kadugodi	 East	Bangalore	 3	 4.06	%	 3.63	%	-	4.56	%	 19411	 18485	-	20338	 3879	 3685	-	4073	
Kadugodi	 East	Bangalore	 Overall	 3.58	%	 3.31	%	-	3.87	%	 14794	 14273	-	15316	 3743	 3633	-	3852	
Kaggadasapura	 East	Bangalore	 2	 3.73	%	 3.55	%	-	3.92	%	 14150	 13835	-	14466	 4055	 3959	-	4150	
Kaggadasapura	 East	Bangalore	 3	 3.73	%	 3.33	%	-	4.16	%	 17777	 16576	-	18978	 3949	 3832	-	4066	
Kaggadasapura	 East	Bangalore	 Overall	 3.42	%	 3.25	%	-	3.6	%	 14056	 13720	-	14391	 4042	 3960	-	4123	
Kaikondrahalli	 East	Bangalore	 2	 3.68	%	 3.41	%	-	3.97	%	 18131	 17610	-	18652	 5167	 4880	-	5454	
Kaikondrahalli	 East	Bangalore	 Overall	 3.72	%	 3.4	%	-	4.08	%	 19867	 19019	-	20715	 5242	 5002	-	5483	
Kalena	Agrahara	
South	
Bangalore	
2	 3.05	%	 2.67	%	-	3.49	%	 13061	 12319	-	13804	 4625	 4252	-	4998	
Kalena	Agrahara	
South	
Bangalore	
Overall	 2.87	%	 2.54	%	-	3.24	%	 13863	 12956	-	14770	 4543	 4306	-	4779	
Kalkere	
North	
Bangalore	
2	 3.5	%	 3.16	%	-	3.88	%	 15256	 14455	-	16057	 4502	 4257	-	4748
IREF Bengaluru Rental Yield Report |16
Locality	 Region	 BHK	
Avg.	
Rental	
Yield	
Range	of	Avg.	
Rental	Yield	
Avg.	
Monthly	
Rent	
(INR)	
Range	of	Avg.	
Rent	(INR)	
Avg.	
Rate	per	
SqFt	
(INR)	
Range	of	
Avg.	Rate	
Kalkere	
North	
Bangalore	
Overall	 2.93	%	 2.67	%	-	3.22	%	 15047	 14246	-	15848	 4349	 4189	-	4509	
Kalyan	Nagar	
North	
Bangalore	
2	 3.35	%	 2.9	%	-	3.87	%	 19327	 17967	-	20687	 5283	 4895	-	5670	
Kalyan	Nagar	
North	
Bangalore	
Overall	 3.26	%	 2.89	%	-	3.67	%	 19537	 18349	-	20726	 5418	 5138	-	5698	
Kamla	Nagar	
West	
Bangalore	
2	 3.29	%	 2.7	%	-	3.98	%	 12975	 11559	-	14391	 4616	 4348	-	4884	
Kamla	Nagar	
West	
Bangalore	
Overall	 2.78	%	 2.26	%	-	3.41	%	 13397	 12071	-	14723	 5001	 4703	-	5298	
Kasavanahalli	 East	Bangalore	 2	 4.68	%	 4.3	%	-	5.1	%	 19581	 18796	-	20366	 4194	 4033	-	4355	
Kasavanahalli	 East	Bangalore	 3	 4.55	%	 4	%	-	5.18	%	 24002	 22819	-	25185	 4383	 4123	-	4643	
Kasavanahalli	 East	Bangalore	 Overall	 4.58	%	 4.21	%	-	4.98	%	 20799	 19983	-	21615	 4261	 4125	-	4396	
Kaval	Byrasandra	
North	
Bangalore	
2	 3.52	%	 2.99	%	-	4.18	%	 14093	 13163	-	15023	 4486	 4163	-	4809	
Kaval	Byrasandra	
North	
Bangalore	
Overall	 3.28	%	 2.85	%	-	3.79	%	 14525	 13629	-	15421	 4665	 4402	-	4928	
Kengeri	Satellite	
Town	
West	
Bangalore	
2	 3.6	%	 3.45	%	-	3.76	%	 14740	 14379	-	15100	 4400	 4322	-	4477	
Kengeri	Satellite	
Town	
West	
Bangalore	
3	 3.49	%	 3.22	%	-	3.77	%	 18677	 17708	-	19646	 4472	 4361	-	4584	
Kengeri	Satellite	
Town	
West	
Bangalore	
Overall	 3.35	%	 3.19	%	-	3.51	%	 15517	 15076	-	15958	 4429	 4366	-	4492	
Kodipur	
South	
Bangalore	
2	 3.73	%	 3.35	%	-	4.13	%	 13785	 12741	-	14830	 3960	 3860	-	4059	
Kodipur	
South	
Bangalore	
Overall	 3.65	%	 3.31	%	-	4.01	%	 14622	 13698	-	15546	 4175	 4064	-	4287	
Konanakunte	
South	
Bangalore	
2	 3.75	%	 3.33	%	-	4.21	%	 14108	 13065	-	15152	 3861	 3689	-	4034	
Konanakunte	
South	
Bangalore	
3	 3.36	%	 3.03	%	-	3.73	%	 17135	 16137	-	18134	 4154	 3916	-	4392	
Konanakunte	
South	
Bangalore	
Overall	 3.46	%	 3.13	%	-	3.82	%	 14672	 13831	-	15513	 3986	 3843	-	4129	
Koramangala	
South	
Bangalore	
2	 3.21	%	 2.92	%	-	3.54	%	 18730	 18194	-	19267	 5473	 5151	-	5794	
Koramangala	
South	
Bangalore	
Overall	 2.62	%	 2.4	%	-	2.88	%	 15764	 15391	-	16137	 5403	 5113	-	5692	
Kudlu	
South	
Bangalore	
2	 4.8	%	 4.22	%	-	5.44	%	 19449	 17999	-	20899	 4006	 3806	-	4206	
Kudlu	
South	
Bangalore	
Overall	 4.62	%	 4.14	%	-	5.15	%	 20751	 19442	-	22060	 3975	 3829	-	4122	
Kumaraswamy	
Layout	
South	
Bangalore	
2	 2.57	%	 2.39	%	-	2.75	%	 12964	 12391	-	13538	 5201	 5032	-	5370	
Kumaraswamy	
Layout	
South	
Bangalore	
3	 2.88	%	 2.47	%	-	3.33	%	 16222	 14539	-	17905	 4848	 4592	-	5104	
Kumaraswamy	
Layout	
South	
Bangalore	
Overall	 2.39	%	 2.22	%	-	2.56	%	 12753	 12220	-	13285	 4996	 4853	-	5139	
Mahadevapura	 East	Bangalore	 2	 3.27	%	 3.01	%	-	3.55	%	 15469	 14947	-	15991	 4626	 4426	-	4826	
Mahadevapura	 East	Bangalore	 3	 3.4	%	 3.06	%	-	3.78	%	 19740	 18836	-	20644	 4747	 4497	-	4998	
Mahadevapura	 East	Bangalore	 Overall	 2.94	%	 2.74	%	-	3.15	%	 15178	 14732	-	15624	 4695	 4548	-	4842
IREF Bengaluru Rental Yield Report |17
Locality	 Region	 BHK	
Avg.	
Rental	
Yield	
Range	of	Avg.	
Rental	Yield	
Avg.	
Monthly	
Rent	
(INR)	
Range	of	Avg.	
Rent	(INR)	
Avg.	
Rate	per	
SqFt	
(INR)	
Range	of	
Avg.	Rate	
Mailasandra	
South	
Bangalore	
2	 3.73	%	 3.22	%	-	4.27	%	 16024	 14424	-	17624	 4527	 4310	-	4745	
Mailasandra	
South	
Bangalore	
Overall	 3.7	%	 3.22	%	-	4.23	%	 18061	 16376	-	19746	 4237	 4081	-	4394	
Mallathahalli	
West	
Bangalore	
2	 3.83	%	 3.41	%	-	4.29	%	 15950	 14788	-	17112	 4510	 4318	-	4703	
Mallathahalli	
West	
Bangalore	
Overall	 3.48	%	 3.09	%	-	3.91	%	 16126	 14977	-	17274	 4596	 4435	-	4756	
Marathahalli	 East	Bangalore	 Overall	 3.09	%	 2.74	%	-	3.52	%	 16158	 15807	-	16509	 4773	 4414	-	5131	
Margondanahalli	
North	
Bangalore	
2	 2.23	%	 1.91	%	-	2.58	%	 11063	 9867	-	12259	 5379	 5197	-	5561	
Margondanahalli	
North	
Bangalore	
Overall	 1.81	%	 1.56	%	-	2.08	%	 9741	 8779	-	10703	 5228	 5036	-	5419	
Muneshwara	
Nagar	
South	
Bangalore	
2	 4.43	%	 3.93	%	-	4.98	%	 16666	 15655	-	17678	 NA	 NA	
Muneshwara	
Nagar	
South	
Bangalore	
Overall	 3.05	%	 2.66	%	-	3.5	%	 14992	 14190	-	15794	 4421	 4175	-	4667	
Munnekollal	 East	Bangalore	 2	 3.92	%	 3.55	%	-	4.36	%	 16587	 16214	-	16960	 4021	 3768	-	4273	
Munnekollal	 East	Bangalore	 Overall	 3.29	%	 3	%	-	3.62	%	 14917	 14642	-	15191	 4092	 3863	-	4320	
Nagarbhavi	
West	
Bangalore	
2	 2.46	%	 2.23	%	-	2.7	%	 13226	 12541	-	13911	 5191	 4998	-	5385	
Nagarbhavi	
West	
Bangalore	
3	 3.06	%	 2.6	%	-	3.57	%	 18157	 16161	-	20153	 4918	 4658	-	5178	
Nagarbhavi	
West	
Bangalore	
Overall	 2.45	%	 2.25	%	-	2.67	%	 13913	 13237	-	14589	 5158	 5001	-	5315	
Nagasandra	
North	
Bangalore	
2	 4.19	%	 3.88	%	-	4.51	%	 14044	 13326	-	14761	 3794	 3720	-	3868	
Nagasandra	
North	
Bangalore	
3	 3.88	%	 3.47	%	-	4.35	%	 17201	 16494	-	17908	 4054	 3751	-	4357	
Nagasandra	
North	
Bangalore	
Overall	 3.96	%	 3.59	%	-	4.34	%	 14520	 13617	-	15422	 3873	 3779	-	3967	
Nagavara	
North	
Bangalore	
2	 2.76	%	 2.55	%	-	3	%	 15064	 14707	-	15421	 5502	 5251	-	5754	
Nagavara	
North	
Bangalore	
Overall	 2.8	%	 2.61	%	-	3.01	%	 16319	 15916	-	16723	 5441	 5260	-	5622	
Nandini	Layout	
North	
Bangalore	
2	 2.38	%	 2.16	%	-	2.62	%	 13284	 12447	-	14122	 5596	 5477	-	5714	
Nandini	Layout	
North	
Bangalore	
3	 3.24	%	 3.01	%	-	3.48	%	 20878	 19981	-	21775	 5264	 5091	-	5437	
Nandini	Layout	
North	
Bangalore	
Overall	 2.31	%	 2.13	%	-	2.5	%	 14009	 13248	-	14771	 5411	 5301	-	5521	
Narayanapura	
North	
Bangalore	
2	 3.44	%	 3.11	%	-	3.79	%	 14699	 13743	-	15656	 4386	 4272	-	4500	
Narayanapura	
North	
Bangalore	
Overall	 3.59	%	 3.2	%	-	3.99	%	 17364	 16015	-	18713	 4405	 4326	-	4484	
Nayandahalli	
South	
Bangalore	
2	 3.5	%	 3.2	%	-	3.8	%	 16779	 15585	-	17974	 4669	 4598	-	4739	
Nayandahalli	
South	
Bangalore	
3	 3.64	%	 3.32	%	-	3.98	%	 21436	 19787	-	23085	 4827	 4755	-	4899	
Nayandahalli	
South	
Bangalore	
Overall	 3.46	%	 3.19	%	-	3.75	%	 18204	 17076	-	19331	 4738	 4686	-	4790
IREF Bengaluru Rental Yield Report |18
Locality	 Region	 BHK	
Avg.	
Rental	
Yield	
Range	of	Avg.	
Rental	Yield	
Avg.	
Monthly	
Rent	
(INR)	
Range	of	Avg.	
Rent	(INR)	
Avg.	
Rate	per	
SqFt	
(INR)	
Range	of	
Avg.	Rate	
Nehru	Nagar	
North	
Bangalore	
2	 3.77	%	 3.46	%	-	4.1	%	 17570	 16361	-	18780	 4668	 4568	-	4768	
Nehru	Nagar	
North	
Bangalore	
3	 3.93	%	 3.61	%	-	4.27	%	 22082	 20634	-	23529	 4574	 4476	-	4672	
Nehru	Nagar	
North	
Bangalore	
Overall	 3.79	%	 3.53	%	-	4.06	%	 19341	 18292	-	20390	 4625	 4553	-	4696	
Panathur	 East	Bangalore	 2	 4.22	%	 4.06	%	-	4.4	%	 19723	 19259	-	20188	 4305	 4244	-	4365	
Panathur	 East	Bangalore	 3	 4.15	%	 3.91	%	-	4.4	%	 22071	 21314	-	22827	 4287	 4207	-	4367	
Panathur	 East	Bangalore	 Overall	 3.99	%	 3.82	%	-	4.16	%	 19390	 18871	-	19909	 4302	 4254	-	4351	
Panduranga	Nagar	
South	
Bangalore	
Overall	 3.08	%	 2.59	%	-	3.7	%	 15322	 14369	-	16276	 4868	 4492	-	5245	
R.K.	Hegde	Nagar	
North	
Bangalore	
2	 3.42	%	 3.07	%	-	3.78	%	 14527	 13495	-	15558	 4425	 4272	-	4577	
R.K.	Hegde	Nagar	
North	
Bangalore	
3	 3.43	%	 2.9	%	-	4	%	 18802	 16500	-	21104	 4585	 4382	-	4788	
R.K.	Hegde	Nagar	
North	
Bangalore	
Overall	 3.3	%	 3	%	-	3.62	%	 15278	 14302	-	16254	 4484	 4363	-	4605	
Rajajinagar	
Central	
Bangalore	
2	 2.52	%	 2.34	%	-	2.72	%	 14138	 13424	-	14852	 5804	 5719	-	5888	
Rajajinagar	
Central	
Bangalore	
Overall	 2.37	%	 2.2	%	-	2.55	%	 13935	 13214	-	14656	 5677	 5591	-	5762	
Ramamurthy	
Nagar	
East	Bangalore	 2	 2.97	%	 2.76	%	-	3.21	%	 12686	 12264	-	13107	 4458	 4296	-	4621	
Ramamurthy	
Nagar	
East	Bangalore	 3	 3.44	%	 3.02	%	-	3.89	%	 17305	 15615	-	18995	 4380	 4163	-	4597	
Ramamurthy	
Nagar	
East	Bangalore	 Overall	 2.85	%	 2.64	%	-	3.07	%	 12699	 12276	-	13122	 4385	 4247	-	4522	
Rayasandra	
South	
Bangalore	
Overall	 2.63	%	 2.24	%	-	3.09	%	 14422	 13191	-	15653	 NA	 NA	
RMV	Extension	
Stage	2	
North	
Bangalore	
2	 2.5	%	 2.23	%	-	2.8	%	 14980	 13973	-	15986	 6078	 5828	-	6328	
RMV	Extension	
Stage	2	
North	
Bangalore	
Overall	 2.36	%	 2.13	%	-	2.6	%	 14627	 13679	-	15575	 5741	 5548	-	5933	
RR	Nagar	
South	
Bangalore	
2	 3.69	%	 3.57	%	-	3.8	%	 15619	 15299	-	15938	 4322	 4279	-	4364	
RR	Nagar	
South	
Bangalore	
3	 3.82	%	 3.68	%	-	3.96	%	 20367	 19911	-	20823	 4406	 4347	-	4465	
RR	Nagar	
South	
Bangalore	
Overall	 3.63	%	 3.53	%	-	3.74	%	 17178	 16856	-	17501	 4363	 4328	-	4398	
S.Medihalli	
South	
Bangalore	
2	 5.93	%	 4.81	%	-	7.17	%	 17796	 15275	-	20318	 3049	 2888	-	3211	
S.Medihalli	
South	
Bangalore	
Overall	 5.36	%	 4.55	%	-	6.26	%	 17923	 16067	-	19779	 3078	 2958	-	3199	
Sanjay	Nagar	
North	
Bangalore	
2	 3.29	%	 3.08	%	-	3.52	%	 16752	 16072	-	17431	 5691	 5562	-	5821	
Sanjay	Nagar	
North	
Bangalore	
Overall	 3.35	%	 3.1	%	-	3.63	%	 17158	 16314	-	18002	 5693	 5573	-	5813	
Singasandra	
South	
Bangalore	
2	 3.92	%	 3.67	%	-	4.19	%	 15191	 14619	-	15762	 4050	 3949	-	4150	
Singasandra	
South	
Bangalore	
3	 4.48	%	 4.02	%	-	4.98	%	 20787	 19497	-	22076	 3809	 3698	-	3921
IREF Bengaluru Rental Yield Report |19
Locality	 Region	 BHK	
Avg.	
Rental	
Yield	
Range	of	Avg.	
Rental	Yield	
Avg.	
Monthly	
Rent	
(INR)	
Range	of	Avg.	
Rent	(INR)	
Avg.	
Rate	per	
SqFt	
(INR)	
Range	of	
Avg.	Rate	
Singasandra	
South	
Bangalore	
Overall	 3.66	%	 3.41	%	-	3.91	%	 15245	 14615	-	15876	 3958	 3880	-	4036	
Somasundarapalya	
South	
Bangalore	
2	 4.7	%	 4.25	%	-	5.21	%	 19062	 18282	-	19842	 4020	 3791	-	4249	
Somasundarapalya	
South	
Bangalore	
Overall	 4.24	%	 3.76	%	-	4.8	%	 19419	 18513	-	20325	 4115	 3919	-	4310	
Sompura	 East	Bangalore	 2	 4.67	%	 3.97	%	-	5.43	%	 13858	 12390	-	15325	 NA	 NA	
Sompura	 East	Bangalore	 Overall	 4.9	%	 4.21	%	-	5.66	%	 15568	 14015	-	17121	 3377	 3152	-	3602	
Srinivaspura	
South	
Bangalore	
2	 4.19	%	 3.94	%	-	4.46	%	 16113	 15525	-	16700	 4086	 3993	-	4179	
Srinivaspura	
South	
Bangalore	
3	 4.32	%	 3.99	%	-	4.68	%	 20111	 19110	-	21112	 4013	 3897	-	4128	
Srinivaspura	
South	
Bangalore	
Overall	 4.26	%	 4.03	%	-	4.5	%	 17965	 17374	-	18556	 4054	 3983	-	4126	
Subramanyapura	
South	
Bangalore	
2	 2.75	%	 2.47	%	-	3.04	%	 11271	 10358	-	12184	 4187	 4095	-	4280	
Subramanyapura	
South	
Bangalore	
3	 2.46	%	 2.13	%	-	2.82	%	 13122	 11665	-	14579	 4356	 4249	-	4463	
Subramanyapura	
South	
Bangalore	
Overall	 2.5	%	 2.28	%	-	2.72	%	 11797	 11008	-	12587	 4295	 4225	-	4365	
Sunkadakatte	
West	
Bangalore	
2	 2.68	%	 2.4	%	-	3	%	 12529	 11811	-	13247	 4599	 4344	-	4854	
Sunkadakatte	
West	
Bangalore	
Overall	 2.34	%	 2.11	%	-	2.6	%	 12188	 11527	-	12850	 4631	 4430	-	4831	
Sunkalpalya	
South	
Bangalore	
Overall	 3.9	%	 3.39	%	-	4.46	%	 15610	 14139	-	17082	 3781	 3646	-	3916	
Tejaswini	Nagar	
South	
Bangalore	
Overall	 3.93	%	 3.38	%	-	4.54	%	 17233	 15719	-	18747	 3720	 3581	-	3859	
Thanisandra	
North	
Bangalore	
2	 3.29	%	 3.03	%	-	3.56	%	 14992	 14074	-	15909	 4612	 4508	-	4716	
Thanisandra	
North	
Bangalore	
3	 3.65	%	 3.29	%	-	4.04	%	 20440	 18992	-	21889	 4551	 4405	-	4697	
Thanisandra	
North	
Bangalore	
Overall	 3.27	%	 3.01	%	-	3.54	%	 16224	 15265	-	17183	 4576	 4494	-	4659	
Thyvakanahally	
South	
Bangalore	
Overall	 5.77	%	 5.19	%	-	6.41	%	 18828	 17721	-	19936	 3361	 3185	-	3537	
Uttarahalli	
South	
Bangalore	
2	 3.16	%	 2.82	%	-	3.54	%	 13765	 12974	-	14556	 4126	 3952	-	4299	
Uttarahalli	
South	
Bangalore	
3	 3.18	%	 2.94	%	-	3.44	%	 19462	 18777	-	20148	 4823	 4684	-	4962	
Uttarahalli	
South	
Bangalore	
Overall	 3.11	%	 2.87	%	-	3.36	%	 17046	 16364	-	17729	 4596	 4479	-	4712	
Varthur	 East	Bangalore	 2	 4.55	%	 4.15	%	-	4.96	%	 15114	 14191	-	16037	 3494	 3422	-	3566	
Varthur	 East	Bangalore	 3	 5.11	%	 4.65	%	-	5.62	%	 20503	 19446	-	21559	 3594	 3443	-	3745	
Varthur	 East	Bangalore	 Overall	 4.61	%	 4.25	%	-	4.99	%	 16596	 15705	-	17487	 3535	 3464	-	3606	
Veerasagara	
North	
Bangalore	
Overall	 5.51	%	 5.05	%	-	5.99	%	 22494	 21079	-	23909	 3846	 3782	-	3909	
Vidyaranyapura	
North	
Bangalore	
2	 2.73	%	 2.51	%	-	2.95	%	 12644	 11851	-	13436	 4763	 4672	-	4854	
Vidyaranyapura	
North	
Bangalore	
Overall	 2.38	%	 2.21	%	-	2.56	%	 11837	 11197	-	12476	 4636	 4557	-	4715
IREF Bengaluru Rental Yield Report |20
Locality	 Region	 BHK	
Avg.	
Rental	
Yield	
Range	of	Avg.	
Rental	Yield	
Avg.	
Monthly	
Rent	
(INR)	
Range	of	Avg.	
Rent	(INR)	
Avg.	
Rate	per	
SqFt	
(INR)	
Range	of	
Avg.	Rate	
Vijayanagar	
West	
Bangalore	
3	 2.69	%	 2.22	%	-	3.23	%	 17072	 15236	-	18909	 5791	 5484	-	6099	
Vijayanagar	
West	
Bangalore	
Overall	 1.95	%	 1.76	%	-	2.17	%	 11852	 11348	-	12356	 5690	 5435	-	5946	
Virupakshapura	
North	
Bangalore	
Overall	 2.31	%	 1.95	%	-	2.75	%	 11051	 10283	-	11819	 4516	 4287	-	4746	
Voderahalli	
North	
Bangalore	
Overall	 3.74	%	 2.82	%	-	4.75	%	 18625	 14759	-	22491	 4241	 4069	-	4413	
Volagerekallahalli	
West	
Bangalore	
2	 7.02	%	 6.39	%	-	7.7	%	 23033	 21638	-	24429	 3270	 3175	-	3366	
Volagerekallahalli	
West	
Bangalore	
Overall	 6.77	%	 6.26	%	-	7.32	%	 23287	 22205	-	24370	 3278	 3197	-	3360	
Whitefield	 East	Bangalore	 2	 4.2	%	 4.05	%	-	4.35	%	 16868	 16557	-	17179	 4046	 3981	-	4110	
Whitefield	 East	Bangalore	 3	 4.04	%	 3.86	%	-	4.24	%	 20693	 20186	-	21200	 4146	 4057	-	4234	
Whitefield	 East	Bangalore	 Overall	 3.72	%	 3.6	%	-	3.86	%	 16802	 16500	-	17104	 4095	 4043	-	4147	
Yelahanka	
North	
Bangalore	
2	 2.6	%	 2.19	%	-	3.08	%	 12216	 11083	-	13349	 4542	 4278	-	4806	
Yelahanka	
North	
Bangalore	
3	 3.49	%	 3.15	%	-	3.85	%	 18963	 17839	-	20087	 4631	 4476	-	4787	
Yelahanka	
North	
Bangalore	
Overall	 3.01	%	 2.72	%	-	3.33	%	 15799	 14814	-	16783	 4639	 4508	-	4771	
Yelahanka	New	
Town	
North	
Bangalore	
2	 3.86	%	 3.25	%	-	4.52	%	 16340	 14396	-	18284	 4547	 4433	-	4661	
Yelahanka	New	
Town	
North	
Bangalore	
Overall	 3.69	%	 3.06	%	-	4.41	%	 15664	 13835	-	17493	 4476	 4359	-	4593	
Yeshwanthpur	
North	
Bangalore	
2	 2.91	%	 2.72	%	-	3.11	%	 16849	 16055	-	17644	 5522	 5451	-	5594	
Yeshwanthpur	
North	
Bangalore	
3	 3.21	%	 2.83	%	-	3.6	%	 20451	 18344	-	22558	 5111	 4973	-	5249	
Yeshwanthpur	
North	
Bangalore	
Overall	 2.84	%	 2.67	%	-	3.02	%	 16934	 16143	-	17725	 5358	 5290	-	5425	
Locality-wise Rental Yield for Furnished Houses in Bengaluru	
Locality	 Region	 BHK	
Avg.	
Rental	
Yield	
Range	of	Avg.	
Rental	Yield	
Avg.	
Monthly	
Rent	
(INR)	
Range	of	Avg.	
Rent	(INR)	
Avg.	Rate	
per	
SqFt(INR)	
Range	of	
Avg.	Rate	
(INR)	
Agrahara	Layout	
North	
Bangalore	
2	 7.05	%	 5.9	%	-	8.29	%	 30395	 26554	-	34237	 4421	 4267	-	4575	
Akshayanagar	
South	
Bangalore	
2	 7	%	 6.26	%	-	7.79	%	 25791	 23651	-	27931	 3827	 3743	-	3912	
Akshayanagar	
South	
Bangalore	
3	 5.76	%	 5.13	%	-	6.44	%	 27346	 25450	-	29242	 3812	 3659	-	3965	
Akshayanagar	
South	
Bangalore	
Overall	 6.37	%	 5.83	%	-	6.95	%	 25773	 24191	-	27354	 3823	 3750	-	3895	
Anantapura	
North	
Bangalore	
2	 5.04	%	 4.33	%	-	5.84	%	 18877	 17141	-	20614	 3952	 3731	-	4172	
Anantapura	
North	
Bangalore	
Overall	 5.19	%	 4.5	%	-	5.95	%	 22689	 20723	-	24654	 3998	 3842	-	4154
IREF Bengaluru Rental Yield Report |21
Locality	 Region	 BHK	
Avg.	
Rental	
Yield	
Range	of	Avg.	
Rental	Yield	
Avg.	
Monthly	
Rent	
(INR)	
Range	of	Avg.	
Rent	(INR)	
Avg.	Rate	
per	
SqFt(INR)	
Range	of	
Avg.	Rate	
(INR)	
Annapurneshwari	
Nagar	
West	
Bangalore	
2	 4.93	%	 4.55	%	-	5.35	%	 21255	 20380	-	22130	 4621	 4447	-	4795	
Annapurneshwari	
Nagar	
West	
Bangalore	
3	 5.6	%	 5.2	%	-	6.04	%	 30573	 29306	-	31841	 4683	 4532	-	4833	
Annapurneshwari	
Nagar	
West	
Bangalore	
Overall	 4.76	%	 4.44	%	-	5.1	%	 23718	 22797	-	24638	 4711	 4599	-	4822	
Arakere	
South	
Bangalore	
2	 4.42	%	 4.11	%	-	4.76	%	 21242	 20583	-	21901	 4736	 4553	-	4919	
Arakere	
South	
Bangalore	
Overall	 3.94	%	 3.68	%	-	4.22	%	 20819	 20217	-	21420	 4928	 4781	-	5075	
Balagere	
East	
Bangalore	
2	 7.99	%	 7.39	%	-	8.63	%	 28272	 27032	-	29512	 3584	 3467	-	3700	
Balagere	
East	
Bangalore	
3	 8.69	%	 8.13	%	-	9.29	%	 35627	 34666	-	36588	 3470	 3340	-	3599	
Balagere	
East	
Bangalore	
Overall	 8.44	%	 7.96	%	-	8.95	%	 32058	 31054	-	33062	 3531	 3445	-	3618	
Banashankari	
Central	
Bangalore	
2	 3.7	%	 3.43	%	-	3.99	%	 18312	 17604	-	19021	 5258	 5089	-	5428	
Banashankari	
Central	
Bangalore	
3	 4.57	%	 4.21	%	-	4.97	%	 28053	 26702	-	29403	 5081	 4930	-	5232	
Banashankari	
Central	
Bangalore	
Overall	 3.4	%	 3.2	%	-	3.61	%	 19127	 18534	-	19720	 5144	 5032	-	5256	
Banaswadi	
North	
Bangalore	
2	 4.02	%	 3.56	%	-	4.54	%	 22335	 21149	-	23521	 5166	 4885	-	5447	
Banaswadi	
North	
Bangalore	
3	 4.08	%	 3.45	%	-	4.79	%	 26081	 23516	-	28647	 5344	 5001	-	5687	
Banaswadi	
North	
Bangalore	
Overall	 3.75	%	 3.41	%	-	4.12	%	 22420	 21391	-	23449	 5264	 5053	-	5475	
Bangalore	City	
Municipal	
Corporation	
Layout	
South	
Bangalore	
2	 6.13	%	 5.77	%	-	6.5	%	 21810	 21135	-	22485	 3815	 3730	-	3901	
Bangalore	City	
Municipal	
Corporation	
Layout	
South	
Bangalore	
3	 6.1	%	 5.47	%	-	6.76	%	 26252	 24005	-	28499	 3827	 3715	-	3938	
Bangalore	City	
Municipal	
Corporation	
Layout	
South	
Bangalore	
Overall	 5.96	%	 5.61	%	-	6.33	%	 23277	 22417	-	24138	 3830	 3762	-	3898	
Basapura	
South	
Bangalore	
2	 6.92	%	 6.55	%	-	7.31	%	 24941	 24020	-	25861	 3781	 3716	-	3847	
Basapura	
South	
Bangalore	
3	 6.5	%	 6.16	%	-	6.85	%	 27752	 26981	-	28522	 3659	 3581	-	3737	
Basapura	
South	
Bangalore	
Overall	 6.6	%	 6.29	%	-	6.92	%	 25563	 24778	-	26347	 3740	 3686	-	3794	
Basaveshwara	
Nagar	
West	
Bangalore	
2	 3.89	%	 3.52	%	-	4.29	%	 20927	 19723	-	22132	 5706	 5551	-	5861	
Basaveshwara	
Nagar	
West	
Bangalore	
3	 4.48	%	 4.07	%	-	4.93	%	 29520	 28121	-	30918	 5695	 5455	-	5935	
Basaveshwara	
Nagar	
West	
Bangalore	
Overall	 3.82	%	 3.51	%	-	4.15	%	 22466	 21411	-	23522	 5701	 5572	-	5830
IREF Bengaluru Rental Yield Report |22
Locality	 Region	 BHK	
Avg.	
Rental	
Yield	
Range	of	Avg.	
Rental	Yield	
Avg.	
Monthly	
Rent	
(INR)	
Range	of	Avg.	
Rent	(INR)	
Avg.	Rate	
per	
SqFt(INR)	
Range	of	
Avg.	Rate	
(INR)	
Battarahalli	
East	
Bangalore	
2	 4.5	%	 4.04	%	-	5	%	 17087	 16122	-	18051	 4035	 3836	-	4234	
Battarahalli	
East	
Bangalore	
Overall	 4.2	%	 3.79	%	-	4.66	%	 17522	 16576	-	18468	 4051	 3888	-	4214	
Begur	
North	
Bangalore	
2	 5.42	%	 5.09	%	-	5.78	%	 19141	 18492	-	19791	 3878	 3774	-	3982	
Begur	
North	
Bangalore	
3	 6.17	%	 5.52	%	-	6.88	%	 28245	 26163	-	30327	 3760	 3647	-	3872	
Begur	
North	
Bangalore	
Overall	 5	%	 4.69	%	-	5.32	%	 19467	 18820	-	20114	 3851	 3770	-	3932	
Bellandur	
East	
Bangalore	
2	 5.97	%	 5.65	%	-	6.3	%	 27140	 26471	-	27808	 4368	 4254	-	4482	
Bellandur	
East	
Bangalore	
3	 6.45	%	 5.96	%	-	6.99	%	 32927	 31737	-	34117	 4207	 3999	-	4415	
Bellandur	
East	
Bangalore	
Overall	 5.6	%	 5.3	%	-	5.91	%	 26811	 26053	-	27569	 4317	 4207	-	4426	
Bikasipura	
South	
Bangalore	
2	 4.77	%	 4.21	%	-	5.39	%	 21911	 20512	-	23309	 4804	 4504	-	5105	
Bikasipura	
South	
Bangalore	
Overall	 4.78	%	 4.29	%	-	5.34	%	 24196	 22910	-	25482	 4822	 4604	-	5039	
Bilekahalli	
South	
Bangalore	
Overall	 4.39	%	 3.98	%	-	4.87	%	 21153	 20617	-	21690	 5058	 4760	-	5356	
Bommanahalli	
South	
Bangalore	
2	 5.75	%	 5.4	%	-	6.12	%	 23309	 22541	-	24076	 4224	 4127	-	4321	
Bommanahalli	
South	
Bangalore	
3	 4.83	%	 4.47	%	-	5.2	%	 29818	 28153	-	31483	 4742	 4657	-	4826	
Bommanahalli	
South	
Bangalore	
Overall	 4.05	%	 3.84	%	-	4.27	%	 21490	 20896	-	22084	 4567	 4497	-	4637	
Bommasandra	
East	
Bangalore	
2	 6.67	%	 6.25	%	-	7.1	%	 18048	 17218	-	18878	 2981	 2936	-	3025	
Bommasandra	
East	
Bangalore	
Overall	 5.87	%	 5.49	%	-	6.27	%	 16963	 16264	-	17661	 3092	 3037	-	3147	
BTM	Layout	
South	
Bangalore	
2	 4.6	%	 4.19	%	-	5.07	%	 23188	 22601	-	23775	 4859	 4569	-	5149	
BTM	Layout	
South	
Bangalore	
3	 6.35	%	 5.68	%	-	7.09	%	 34669	 32754	-	36585	 4360	 4122	-	4598	
BTM	Layout	
South	
Bangalore	
Overall	 3.67	%	 3.45	%	-	3.91	%	 19293	 18945	-	19640	 4616	 4426	-	4807	
BTM	Layout	1	
South	
Bangalore	
Overall	 2.76	%	 2.55	%	-	2.99	%	 19950	 19224	-	20675	 NA	 NA	
Byadarahalli	
West	
Bangalore	
2	 3.54	%	 2.94	%	-	4.27	%	 18279	 16409	-	20148	 NA	 NA	
Byadarahalli	
West	
Bangalore	
Overall	 3.69	%	 3.07	%	-	4.43	%	 18580	 16712	-	20447	 NA	 NA	
Byagadadenahalli	
South	
Bangalore	
Overall	 8.35	%	 6.5	%	-	10.65	%	 25229	 21729	-	28729	 3037	 2886	-	3188	
C	V	Raman	Nagar	
East	
Bangalore	
2	 5.11	%	 4.66	%	-	5.62	%	 21748	 20835	-	22661	 4479	 4304	-	4653	
C	V	Raman	Nagar	
East	
Bangalore	
Overall	 4.53	%	 4.15	%	-	4.96	%	 21431	 20618	-	22243	 4445	 4299	-	4591	
Chambenahalli	
East	
Bangalore	
2	
10.24	
%	
9.46	%	-	11.07	
%	
30781	 29604	-	31958	 3513	 3416	-	3610
IREF Bengaluru Rental Yield Report |23
Locality	 Region	 BHK	
Avg.	
Rental	
Yield	
Range	of	Avg.	
Rental	Yield	
Avg.	
Monthly	
Rent	
(INR)	
Range	of	Avg.	
Rent	(INR)	
Avg.	Rate	
per	
SqFt(INR)	
Range	of	
Avg.	Rate	
(INR)	
Chambenahalli	
East	
Bangalore	
Overall	
10.33	
%	
9.6	%	-	11.12	%	 31142	 30019	-	32265	 3484	 3392	-	3577	
Chandra	Layout	
Extension	
West	
Bangalore	
2	 4.03	%	 3.6	%	-	4.49	%	 20766	 19352	-	22180	 5472	 5313	-	5632	
Chandra	Layout	
Extension	
West	
Bangalore	
Overall	 4	%	 3.58	%	-	4.46	%	 20810	 19367	-	22254	 5480	 5335	-	5625	
Chansandra	
South	
Bangalore	
2	 7.05	%	 6.24	%	-	7.88	%	 25100	 22632	-	27569	 3723	 3654	-	3791	
Chansandra	
South	
Bangalore	
Overall	 5.23	%	 4.75	%	-	5.74	%	 19166	 17764	-	20567	 3732	 3670	-	3794	
Chikkakannalli	
South	
Bangalore	
2	 7.76	%	 7.09	%	-	8.48	%	 28852	 27261	-	30443	 3859	 3768	-	3949	
Chikkakannalli	
South	
Bangalore	
3	 7.34	%	 6.8	%	-	7.94	%	 36845	 36120	-	37570	 4378	 4172	-	4584	
Chikkakannalli	
South	
Bangalore	
Overall	 7.78	%	 7.23	%	-	8.38	%	 34508	 33516	-	35500	 4146	 4023	-	4268	
Chikkalasandra	
South	
Bangalore	
2	 4.42	%	 3.91	%	-	4.99	%	 17910	 16788	-	19032	 4234	 4045	-	4424	
Chikkalasandra	
South	
Bangalore	
3	 5.54	%	 4.96	%	-	6.17	%	 26255	 24442	-	28068	 4068	 3949	-	4187	
Chikkalasandra	
South	
Bangalore	
Overall	 4.08	%	 3.7	%	-	4.49	%	 18580	 17532	-	19627	 4163	 4057	-	4270	
Chokkanahalli	
North	
Bangalore	
2	 5.91	%	 5.44	%	-	6.4	%	 27002	 25391	-	28614	 4455	 4370	-	4540	
Chokkanahalli	
North	
Bangalore	
Overall	 5.55	%	 5.07	%	-	6.06	%	 27397	 25547	-	29247	 4571	 4496	-	4645	
Choodasandra	
East	
Bangalore	
2	 6.1	%	 5.4	%	-	6.92	%	 22972	 21775	-	24168	 3848	 3646	-	4050	
Choodasandra	
East	
Bangalore	
Overall	 4.95	%	 4.43	%	-	5.53	%	 21936	 20863	-	23009	 3856	 3713	-	3998	
Choudadenahalli	
South	
Bangalore	
2	 8.35	%	 7.78	%	-	8.94	%	 29492	 28049	-	30934	 3700	 3602	-	3799	
Choudadenahalli	
South	
Bangalore	
Overall	 8.22	%	 7.62	%	-	8.85	%	 30245	 28773	-	31716	 3743	 3645	-	3840	
Dasarahalli	
North	
Bangalore	
Overall	 4.38	%	 3.86	%	-	4.95	%	 21093	 19528	-	22658	 4462	 4191	-	4733	
Devarachikkana	
Halli	
South	
Bangalore	
2	 6.51	%	 5.87	%	-	7.19	%	 23873	 22221	-	25525	 3839	 3714	-	3963	
Devarachikkana	
Halli	
South	
Bangalore	
3	 6.61	%	 5.73	%	-	7.59	%	 32961	 29895	-	36028	 3994	 3807	-	4181	
Devarachikkana	
Halli	
South	
Bangalore	
Overall	 6.02	%	 5.47	%	-	6.61	%	 24813	 23260	-	26366	 3891	 3788	-	3995	
Devinagar	
North	
Bangalore	
2	 3.53	%	 3.03	%	-	4.09	%	 19355	 17765	-	20945	 4920	 4699	-	5142	
Devinagar	
North	
Bangalore	
Overall	 3.36	%	 2.91	%	-	3.86	%	 20376	 18600	-	22151	 4837	 4684	-	4990	
Doddabommasand
ra	
North	
Bangalore	
Overall	 3.01	%	 2.29	%	-	3.96	%	 17361	 15084	-	19637	 5058	 4512	-	5604	
Doddakannelli	
East	
Bangalore	
Overall	 5.01	%	 4.34	%	-	5.75	%	 24431	 22197	-	26666	 4667	 4453	-	4881	
Doddanekundi	
East	
Bangalore	
2	 6.2	%	 5.57	%	-	6.93	%	 23221	 22330	-	24111	 3821	 3614	-	4028
IREF Bengaluru Rental Yield Report |24
Locality	 Region	 BHK	
Avg.	
Rental	
Yield	
Range	of	Avg.	
Rental	Yield	
Avg.	
Monthly	
Rent	
(INR)	
Range	of	Avg.	
Rent	(INR)	
Avg.	Rate	
per	
SqFt(INR)	
Range	of	
Avg.	Rate	
(INR)	
Doddanekundi	
East	
Bangalore	
Overall	 5.33	%	 4.78	%	-	5.98	%	 21724	 21008	-	22439	 4057	 3823	-	4292	
Electronic	City	
South	
Bangalore	
1	 7.2	%	 6.3	%	-	8.29	%	 12613	 12145	-	13082	 3302	 2953	-	3652	
Electronic	City	
South	
Bangalore	
2	 7.2	%	 7.03	%	-	7.37	%	 20782	 20530	-	21034	 3196	 3160	-	3231	
Electronic	City	
South	
Bangalore	
3	 6.96	%	 6.64	%	-	7.29	%	 25186	 24592	-	25781	 3181	 3114	-	3248	
Electronic	City	
South	
Bangalore	
Overall	 6.91	%	 6.74	%	-	7.08	%	 21060	 20783	-	21337	 3199	 3168	-	3231	
Gnana	Bharathi	
West	
Bangalore	
2	 4.76	%	 4.23	%	-	5.34	%	 21301	 19697	-	22904	 4653	 4470	-	4835	
Gnana	Bharathi	
West	
Bangalore	
3	 5.27	%	 4.81	%	-	5.78	%	 27058	 25885	-	28232	 4340	 4122	-	4559	
Gnana	Bharathi	
West	
Bangalore	
Overall	 4.81	%	 4.39	%	-	5.25	%	 23193	 21935	-	24451	 4523	 4387	-	4659	
Gottigere	
South	
Bangalore	
2	 5.14	%	 4.71	%	-	5.6	%	 19559	 18740	-	20378	 4080	 3919	-	4240	
Gottigere	
South	
Bangalore	
3	 5.81	%	 5.26	%	-	6.39	%	 26099	 24454	-	27744	 3919	 3787	-	4052	
Gottigere	
South	
Bangalore	
Overall	 4.88	%	 4.55	%	-	5.23	%	 20378	 19595	-	21161	 4025	 3922	-	4127	
Gunjur	Palya	
East	
Bangalore	
2	 7.62	%	 7.19	%	-	8.08	%	 21952	 21478	-	22425	 3311	 3219	-	3403	
Gunjur	Palya	
East	
Bangalore	
Overall	 7.2	%	 6.58	%	-	7.89	%	 21323	 20547	-	22100	 3348	 3277	-	3418	
Halanayakanahalli	
East	
Bangalore	
2	 7.82	%	 7.1	%	-	8.6	%	 29984	 28447	-	31521	 4149	 4010	-	4288	
Halanayakanahalli	
East	
Bangalore	
Overall	 7.18	%	 6.52	%	-	7.89	%	 29476	 27865	-	31086	 4223	 4110	-	4335	
Hallehalli	
East	
Bangalore	
2	 5.78	%	 5.06	%	-	6.6	%	 18440	 17193	-	19687	 3451	 3235	-	3666	
Hallehalli	
East	
Bangalore	
3	 6.51	%	 5.91	%	-	7.15	%	 23585	 22027	-	25143	 3160	 3044	-	3275	
Hallehalli	
East	
Bangalore	
Overall	 6.09	%	 5.56	%	-	6.66	%	 20683	 19606	-	21759	 3312	 3179	-	3445	
Harlur	
South	
Bangalore	
2	 6.97	%	 6.15	%	-	7.89	%	 30311	 28297	-	32325	 4249	 4105	-	4392	
Harlur	
South	
Bangalore	
3	 7.61	%	 7.04	%	-	8.24	%	 37637	 36607	-	38668	 NA	 NA	
Harlur	
South	
Bangalore	
Overall	 7.13	%	 6.48	%	-	7.83	%	 32321	 30736	-	33906	 4299	 4160	-	4437	
HBR	Layout	
North	
Bangalore	
2	 5.26	%	 4.98	%	-	5.55	%	 24966	 24138	-	25795	 4805	 4722	-	4888	
HBR	Layout	
North	
Bangalore	
3	 5.12	%	 4.69	%	-	5.59	%	 30019	 28382	-	31657	 4814	 4668	-	4961	
HBR	Layout	
North	
Bangalore	
Overall	 4.88	%	 4.65	%	-	5.13	%	 25003	 24272	-	25733	 4811	 4739	-	4883	
Hebbal	
North	
Bangalore	
2	 3.94	%	 3.54	%	-	4.38	%	 19194	 18363	-	20026	 5015	 4756	-	5275	
Hebbal	
North	
Bangalore	
Overall	 3.65	%	 3.33	%	-	4.01	%	 20387	 19553	-	21220	 4978	 4805	-	5150
IREF Bengaluru Rental Yield Report |25
Locality	 Region	 BHK	
Avg.	
Rental	
Yield	
Range	of	Avg.	
Rental	Yield	
Avg.	
Monthly	
Rent	
(INR)	
Range	of	Avg.	
Rent	(INR)	
Avg.	Rate	
per	
SqFt(INR)	
Range	of	
Avg.	Rate	
(INR)	
Hebbal	
Kempapura	
North	
Bangalore	
2	 4.82	%	 4.46	%	-	5.2	%	 21416	 20384	-	22449	 4762	 4603	-	4921	
Hebbal	
Kempapura	
North	
Bangalore	
3	 5.14	%	 4.52	%	-	5.86	%	 29300	 27445	-	31155	 NA	 NA	
Hebbal	
Kempapura	
North	
Bangalore	
Overall	 4.8	%	 4.41	%	-	5.22	%	 22640	 21520	-	23761	 4770	 4622	-	4919	
Hegganahalli	
West	
Bangalore	
2	 3.91	%	 3.57	%	-	4.26	%	 17003	 15879	-	18127	 4445	 4362	-	4527	
Hegganahalli	
West	
Bangalore	
Overall	 3.2	%	 2.95	%	-	3.46	%	 14301	 13550	-	15052	 4478	 4388	-	4569	
Hennur	
North	
Bangalore	
2	 5.18	%	 4.71	%	-	5.71	%	 22390	 21440	-	23340	 4081	 3962	-	4200	
Hennur	
North	
Bangalore	
3	 5.38	%	 4.73	%	-	6.11	%	 26000	 23967	-	28033	 4067	 3888	-	4246	
Hennur	
North	
Bangalore	
Overall	 5.15	%	 4.76	%	-	5.57	%	 23328	 22442	-	24213	 4131	 4029	-	4234	
Hongasandra	
South	
Bangalore	
2	 5.46	%	 5.06	%	-	5.9	%	 19495	 18821	-	20169	 3826	 3703	-	3950	
Hongasandra	
South	
Bangalore	
Overall	 3.75	%	 3.48	%	-	4.05	%	 15499	 15152	-	15846	 3915	 3790	-	4040	
Hoodi	
East	
Bangalore	
3	 5.13	%	 4.51	%	-	5.84	%	 34107	 31990	-	36224	 NA	 NA	
Hoodi	
East	
Bangalore	
Overall	 4.66	%	 4.12	%	-	5.28	%	 28612	 27145	-	30080	 5433	 5174	-	5691	
Hormavu	
North	
Bangalore	
2	 5.54	%	 5.29	%	-	5.8	%	 22109	 21406	-	22813	 4123	 4064	-	4182	
Hormavu	
North	
Bangalore	
3	 5.7	%	 5.34	%	-	6.09	%	 29458	 28275	-	30640	 4158	 4053	-	4263	
Hormavu	
North	
Bangalore	
Overall	 5.42	%	 5.19	%	-	5.66	%	 23362	 22677	-	24047	 4188	 4136	-	4241	
Hosakerehalli	
South	
Bangalore	
2	 3.63	%	 3.06	%	-	4.24	%	 14231	 12451	-	16012	 4106	 3976	-	4235	
Hosakerehalli	
South	
Bangalore	
Overall	 3.53	%	 3.1	%	-	3.98	%	 15588	 14119	-	17057	 4105	 4019	-	4191	
Hoskote	
East	
Bangalore	
Overall	 6.53	%	 5.25	%	-	7.98	%	 22561	 19246	-	25876	 3355	 3293	-	3416	
HSR	Layout	
South	
Bangalore	
2	 5.09	%	 4.81	%	-	5.4	%	 27835	 27498	-	28172	 5790	 5590	-	5991	
HSR	Layout	
South	
Bangalore	
Overall	 4.42	%	 4.19	%	-	4.67	%	 25467	 25186	-	25748	 5679	 5509	-	5848	
Hulimavu	
South	
Bangalore	
2	 5.7	%	 5.27	%	-	6.17	%	 21130	 20064	-	22197	 3950	 3868	-	4031	
Hulimavu	
South	
Bangalore	
3	 5.17	%	 4.59	%	-	5.81	%	 27415	 25204	-	29626	 4267	 4126	-	4409	
Hulimavu	
South	
Bangalore	
Overall	 4.78	%	 4.45	%	-	5.12	%	 19311	 18569	-	20052	 4033	 3958	-	4109	
Jakkuru	
North	
Bangalore	
2	 3.67	%	 3.38	%	-	3.97	%	 19712	 18541	-	20883	 5470	 5357	-	5583	
Jakkuru	
North	
Bangalore	
3	 4.37	%	 3.99	%	-	4.76	%	 28083	 26116	-	30050	 5484	 5382	-	5586	
Jakkuru	
North	
Bangalore	
Overall	 3.76	%	 3.49	%	-	4.04	%	 22700	 21414	-	23987	 5484	 5408	-	5560
IREF Bengaluru Rental Yield Report |26
Locality	 Region	 BHK	
Avg.	
Rental	
Yield	
Range	of	Avg.	
Rental	Yield	
Avg.	
Monthly	
Rent	
(INR)	
Range	of	Avg.	
Rent	(INR)	
Avg.	Rate	
per	
SqFt(INR)	
Range	of	
Avg.	Rate	
(INR)	
Jalahalli	East	
North	
Bangalore	
2	 4.13	%	 3.41	%	-	4.95	%	 17946	 15772	-	20121	 NA	 NA	
Jalahalli	East	
North	
Bangalore	
Overall	 4.04	%	 3.39	%	-	4.79	%	 17845	 15840	-	19850	 NA	 NA	
Jalahalli	West	
North	
Bangalore	
2	 5.27	%	 4.79	%	-	5.79	%	 18178	 17187	-	19170	 3711	 3624	-	3798	
Jalahalli	West	
North	
Bangalore	
Overall	 5.07	%	 4.64	%	-	5.53	%	 19299	 18235	-	20364	 3681	 3599	-	3762	
Jayanagar	
South	
Bangalore	
Overall	 3.97	%	 3.4	%	-	4.66	%	 25032	 23723	-	26342	 NA	 NA	
Jinkethimmanahall
i	
East	
Bangalore	
2	 4.27	%	 3.75	%	-	4.83	%	 17653	 16146	-	19161	 4426	 4264	-	4588	
Jinkethimmanahall
i	
East	
Bangalore	
Overall	 4.3	%	 3.82	%	-	4.82	%	 18005	 16670	-	19340	 4447	 4284	-	4611	
Jnana	Ganga	
Nagar	
West	
Bangalore	
2	 4.22	%	 3.7	%	-	4.78	%	 20535	 19034	-	22036	 NA	 NA	
Jnana	Ganga	
Nagar	
West	
Bangalore	
Overall	 4.12	%	 3.71	%	-	4.56	%	 21685	 20348	-	23021	 4672	 4457	-	4887	
JP	Nagar	
South	
Bangalore	
2	 4.49	%	 4.28	%	-	4.7	%	 20432	 19937	-	20927	 4701	 4601	-	4801	
JP	Nagar	
South	
Bangalore	
3	 4.82	%	 4.52	%	-	5.12	%	 27837	 26737	-	28938	 4713	 4588	-	4838	
JP	Nagar	
South	
Bangalore	
Overall	 3.99	%	 3.82	%	-	4.16	%	 20629	 20182	-	21076	 4759	 4682	-	4836	
K	R	Puram	
East	
Bangalore	
2	 5.24	%	 4.98	%	-	5.52	%	 20207	 19624	-	20790	 4018	 3932	-	4104	
K	R	Puram	
East	
Bangalore	
3	 5.59	%	 5.23	%	-	5.97	%	 27454	 26485	-	28422	 3974	 3866	-	4082	
K	R	Puram	
East	
Bangalore	
Overall	 5.2	%	 4.95	%	-	5.45	%	 22436	 21858	-	23013	 4028	 3961	-	4096	
Kada	Agrahara	
South	
Bangalore	
2	
10.33	
%	
9.56	%	-	11.14	
%	
31330	 29680	-	32980	 3223	 3047	-	3400	
Kada	Agrahara	
South	
Bangalore	
Overall	
10.19	
%	
9.15	%	-	11.34	
%	
30472	 28639	-	32305	 3196	 3061	-	3331	
Kadubeesanahalli	
East	
Bangalore	
2	 6.31	%	 5.83	%	-	6.85	%	 26896	 25900	-	27892	 4310	 4166	-	4455	
Kadubeesanahalli	
East	
Bangalore	
Overall	 5.8	%	 5.38	%	-	6.24	%	 25734	 24770	-	26698	 4263	 4134	-	4392	
Kadugodi	
East	
Bangalore	
2	 6.42	%	 5.95	%	-	6.93	%	 22980	 22154	-	23806	 3752	 3618	-	3887	
Kadugodi	
East	
Bangalore	
3	 6	%	 5.36	%	-	6.73	%	 28665	 27297	-	30034	 3879	 3685	-	4073	
Kadugodi	
East	
Bangalore	
Overall	 5.28	%	 4.89	%	-	5.72	%	 21848	 21077	-	22618	 3743	 3633	-	3852	
Kaggadasapura	
East	
Bangalore	
2	 5.5	%	 5.24	%	-	5.78	%	 20897	 20430	-	21363	 4055	 3959	-	4150	
Kaggadasapura	
East	
Bangalore	
3	 5.5	%	 4.92	%	-	6.14	%	 26252	 24479	-	28026	 3949	 3832	-	4066	
Kaggadasapura	
East	
Bangalore	
Overall	 5.05	%	 4.8	%	-	5.32	%	 20757	 20261	-	21252	 4042	 3960	-	4123	
Kaikondrahalli	
East	
Bangalore	
2	 5.43	%	 5.04	%	-	5.86	%	 26775	 26006	-	27544	 5167	 4880	-	5454
IREF Bengaluru Rental Yield Report |27
Locality	 Region	 BHK	
Avg.	
Rental	
Yield	
Range	of	Avg.	
Rental	Yield	
Avg.	
Monthly	
Rent	
(INR)	
Range	of	Avg.	
Rent	(INR)	
Avg.	Rate	
per	
SqFt(INR)	
Range	of	
Avg.	Rate	
(INR)	
Kaikondrahalli	
East	
Bangalore	
Overall	 5.5	%	 5.02	%	-	6.03	%	 29339	 28086	-	30591	 5242	 5002	-	5483	
Kalena	Agrahara	
South	
Bangalore	
2	 4.5	%	 3.95	%	-	5.15	%	 19288	 18192	-	20385	 4625	 4252	-	4998	
Kalena	Agrahara	
South	
Bangalore	
Overall	 4.24	%	 3.75	%	-	4.78	%	 20472	 19133	-	21812	 4543	 4306	-	4779	
Kalkere	
North	
Bangalore	
2	 5.17	%	 4.67	%	-	5.73	%	 22530	 21347	-	23713	 4502	 4257	-	4748	
Kalkere	
North	
Bangalore	
Overall	 4.33	%	 3.94	%	-	4.76	%	 22220	 21037	-	23404	 4349	 4189	-	4509	
Kalyan	Nagar	
North	
Bangalore	
2	 4.95	%	 4.28	%	-	5.72	%	 28541	 26532	-	30549	 5283	 4895	-	5670	
Kalyan	Nagar	
North	
Bangalore	
Overall	 4.81	%	 4.26	%	-	5.42	%	 28852	 27096	-	30607	 5418	 5138	-	5698	
Kamla	Nagar	
West	
Bangalore	
2	 4.85	%	 3.98	%	-	5.88	%	 19161	 17070	-	21252	 4616	 4348	-	4884	
Kamla	Nagar	
West	
Bangalore	
Overall	 4.1	%	 3.34	%	-	5.03	%	 19784	 17826	-	21743	 5001	 4703	-	5298	
Kasavanahalli	
East	
Bangalore	
2	 6.91	%	 6.35	%	-	7.53	%	 28916	 27757	-	30075	 4194	 4033	-	4355	
Kasavanahalli	
East	
Bangalore	
3	 6.71	%	 5.91	%	-	7.65	%	 35445	 33698	-	37192	 4383	 4123	-	4643	
Kasavanahalli	
East	
Bangalore	
Overall	 6.76	%	 6.22	%	-	7.36	%	 30715	 29510	-	31920	 4261	 4125	-	4396	
Kaval	Byrasandra	
North	
Bangalore	
2	 5.2	%	 4.41	%	-	6.17	%	 20812	 19438	-	22185	 4486	 4163	-	4809	
Kaval	Byrasandra	
North	
Bangalore	
Overall	 4.85	%	 4.21	%	-	5.6	%	 21449	 20126	-	22772	 4665	 4402	-	4928	
Kengeri	Satellite	
Town	
West	
Bangalore	
2	 5.32	%	 5.09	%	-	5.56	%	 21767	 21235	-	22299	 4400	 4322	-	4477	
Kengeri	Satellite	
Town	
West	
Bangalore	
3	 5.16	%	 4.76	%	-	5.57	%	 27582	 26151	-	29012	 4472	 4361	-	4584	
Kengeri	Satellite	
Town	
West	
Bangalore	
Overall	 4.95	%	 4.72	%	-	5.19	%	 22914	 22263	-	23565	 4429	 4366	-	4492	
Kodipur	
South	
Bangalore	
2	 5.51	%	 4.95	%	-	6.1	%	 20358	 18815	-	21900	 3960	 3860	-	4059	
Kodipur	
South	
Bangalore	
Overall	 5.38	%	 4.88	%	-	5.92	%	 21593	 20229	-	22957	 4175	 4064	-	4287	
Konanakunte	
South	
Bangalore	
2	 5.54	%	 4.92	%	-	6.21	%	 20835	 19294	-	22375	 3861	 3689	-	4034	
Konanakunte	
South	
Bangalore	
3	 4.96	%	 4.47	%	-	5.5	%	 25304	 23830	-	26779	 4154	 3916	-	4392	
Konanakunte	
South	
Bangalore	
Overall	 5.11	%	 4.63	%	-	5.64	%	 21667	 20425	-	22909	 3986	 3843	-	4129	
Koramangala	
South	
Bangalore	
2	 4.74	%	 4.32	%	-	5.23	%	 27660	 26868	-	28452	 5473	 5151	-	5794	
Koramangala	
South	
Bangalore	
Overall	 3.87	%	 3.54	%	-	4.26	%	 23279	 22728	-	23830	 5403	 5113	-	5692	
Kudlu	
South	
Bangalore	
2	 7.09	%	 6.23	%	-	8.04	%	 28722	 26580	-	30863	 4006	 3806	-	4206	
Kudlu	
South	
Bangalore	
Overall	 6.82	%	 6.11	%	-	7.6	%	 30644	 28711	-	32577	 3975	 3829	-	4122
IREF Bengaluru Rental Yield Report |28
Locality	 Region	 BHK	
Avg.	
Rental	
Yield	
Range	of	Avg.	
Rental	Yield	
Avg.	
Monthly	
Rent	
(INR)	
Range	of	Avg.	
Rent	(INR)	
Avg.	Rate	
per	
SqFt(INR)	
Range	of	
Avg.	Rate	
(INR)	
Kumaraswamy	
Layout	
South	
Bangalore	
2	 3.79	%	 3.53	%	-	4.06	%	 19145	 18298	-	19992	 5201	 5032	-	5370	
Kumaraswamy	
Layout	
South	
Bangalore	
3	 4.25	%	 3.65	%	-	4.92	%	 23956	 21470	-	26441	 4848	 4592	-	5104	
Kumaraswamy	
Layout	
South	
Bangalore	
Overall	 3.52	%	 3.28	%	-	3.78	%	 18832	 18046	-	19619	 4996	 4853	-	5139	
Mahadevapura	
East	
Bangalore	
2	 4.82	%	 4.44	%	-	5.25	%	 22844	 22074	-	23615	 4626	 4426	-	4826	
Mahadevapura	
East	
Bangalore	
3	 5.02	%	 4.52	%	-	5.59	%	 29151	 27815	-	30486	 4747	 4497	-	4998	
Mahadevapura	
East	
Bangalore	
Overall	 4.34	%	 4.05	%	-	4.65	%	 22414	 21756	-	23073	 4695	 4548	-	4842	
Mailasandra	
South	
Bangalore	
2	 5.5	%	 4.76	%	-	6.31	%	 23663	 21301	-	26026	 4527	 4310	-	4745	
Mailasandra	
South	
Bangalore	
Overall	 5.47	%	 4.76	%	-	6.24	%	 26672	 24184	-	29159	 4237	 4081	-	4394	
Mallathahalli	
West	
Bangalore	
2	 5.66	%	 5.04	%	-	6.33	%	 23555	 21839	-	25271	 4510	 4318	-	4703	
Mallathahalli	
West	
Bangalore	
Overall	 5.14	%	 4.57	%	-	5.77	%	 23813	 22117	-	25509	 4596	 4435	-	4756	
Marathahalli	
East	
Bangalore	
Overall	 4.56	%	 4.04	%	-	5.2	%	 23862	 23343	-	24380	 4773	 4414	-	5131	
Margondanahalli	
North	
Bangalore	
2	 3.3	%	 2.83	%	-	3.81	%	 16337	 14571	-	18103	 5379	 5197	-	5561	
Margondanahalli	
North	
Bangalore	
Overall	 2.67	%	 2.31	%	-	3.07	%	 14385	 12964	-	15805	 5228	 5036	-	5419	
Muneshwara	
Nagar	
South	
Bangalore	
2	 6.54	%	 5.81	%	-	7.36	%	 24612	 23118	-	26106	 NA	 NA	
Muneshwara	
Nagar	
South	
Bangalore	
Overall	 4.5	%	 3.93	%	-	5.17	%	 22140	 20955	-	23324	 4421	 4175	-	4667	
Munnekollal	
East	
Bangalore	
2	 5.79	%	 5.24	%	-	6.44	%	 24495	 23944	-	25046	 4021	 3768	-	4273	
Munnekollal	
East	
Bangalore	
Overall	 4.86	%	 4.43	%	-	5.35	%	 22028	 21623	-	22433	 4092	 3863	-	4320	
Nagarbhavi	
West	
Bangalore	
2	 3.63	%	 3.29	%	-	3.99	%	 19531	 18519	-	20542	 5191	 4998	-	5385	
Nagarbhavi	
West	
Bangalore	
3	 4.52	%	 3.84	%	-	5.28	%	 26813	 23866	-	29760	 4918	 4658	-	5178	
Nagarbhavi	
West	
Bangalore	
Overall	 3.62	%	 3.33	%	-	3.94	%	 20546	 19548	-	21543	 5158	 5001	-	5315	
Nagasandra	
North	
Bangalore	
2	 6.18	%	 5.74	%	-	6.65	%	 20739	 19680	-	21798	 3794	 3720	-	3868	
Nagasandra	
North	
Bangalore	
3	 5.72	%	 5.12	%	-	6.42	%	 25401	 24358	-	26445	 4054	 3751	-	4357	
Nagasandra	
North	
Bangalore	
Overall	 5.84	%	 5.31	%	-	6.41	%	 21442	 20108	-	22775	 3873	 3779	-	3967	
Nagavara	
North	
Bangalore	
2	 4.08	%	 3.77	%	-	4.44	%	 22246	 21718	-	22773	 5502	 5251	-	5754	
Nagavara	
North	
Bangalore	
Overall	 4.13	%	 3.85	%	-	4.45	%	 24100	 23504	-	24696	 5441	 5260	-	5622	
Nandini	Layout	
North	
Bangalore	
2	 3.52	%	 3.19	%	-	3.87	%	 19618	 18381	-	20854	 5596	 5477	-	5714
IREF Bengaluru Rental Yield Report |29
Locality	 Region	 BHK	
Avg.	
Rental	
Yield	
Range	of	Avg.	
Rental	Yield	
Avg.	
Monthly	
Rent	
(INR)	
Range	of	Avg.	
Rent	(INR)	
Avg.	Rate	
per	
SqFt(INR)	
Range	of	
Avg.	Rate	
(INR)	
Nandini	Layout	
North	
Bangalore	
3	 4.78	%	 4.44	%	-	5.14	%	 30832	 29507	-	32157	 5264	 5091	-	5437	
Nandini	Layout	
North	
Bangalore	
Overall	 3.41	%	 3.14	%	-	3.69	%	 20688	 19564	-	21812	 5411	 5301	-	5521	
Narayanapura	
North	
Bangalore	
2	 5.08	%	 4.59	%	-	5.6	%	 21707	 20295	-	23120	 4386	 4272	-	4500	
Narayanapura	
North	
Bangalore	
Overall	 5.3	%	 4.73	%	-	5.9	%	 25642	 23650	-	27635	 4405	 4326	-	4484	
Nayandahalli	
South	
Bangalore	
2	 5.16	%	 4.73	%	-	5.61	%	 24779	 23015	-	26542	 4669	 4598	-	4739	
Nayandahalli	
South	
Bangalore	
3	 5.38	%	 4.91	%	-	5.87	%	 31656	 29221	-	34091	 4827	 4755	-	4899	
Nayandahalli	
South	
Bangalore	
Overall	 5.12	%	 4.71	%	-	5.53	%	 26883	 25218	-	28548	 4738	 4686	-	4790	
Nehru	Nagar	
North	
Bangalore	
2	 5.57	%	 5.11	%	-	6.06	%	 25947	 24160	-	27733	 4668	 4568	-	4768	
Nehru	Nagar	
North	
Bangalore	
3	 5.81	%	 5.33	%	-	6.3	%	 32609	 30472	-	34746	 4574	 4476	-	4672	
Nehru	Nagar	
North	
Bangalore	
Overall	 5.6	%	 5.22	%	-	5.99	%	 28562	 27012	-	30112	 4625	 4553	-	4696	
Panathur	
East	
Bangalore	
2	 6.24	%	 5.99	%	-	6.49	%	 29126	 28440	-	29812	 4305	 4244	-	4365	
Panathur	
East	
Bangalore	
3	 6.13	%	 5.78	%	-	6.5	%	 32593	 31475	-	33710	 4287	 4207	-	4367	
Panathur	
East	
Bangalore	
Overall	 5.89	%	 5.65	%	-	6.14	%	 28634	 27867	-	29401	 4302	 4254	-	4351	
Panduranga	Nagar	
South	
Bangalore	
Overall	 4.55	%	 3.82	%	-	5.47	%	 22627	 21219	-	24036	 4868	 4492	-	5245	
R.K.	Hegde	Nagar	
North	
Bangalore	
2	 5.04	%	 4.54	%	-	5.59	%	 21452	 19929	-	22976	 4425	 4272	-	4577	
R.K.	Hegde	Nagar	
North	
Bangalore	
3	 5.06	%	 4.28	%	-	5.9	%	 27765	 24366	-	31165	 4585	 4382	-	4788	
R.K.	Hegde	Nagar	
North	
Bangalore	
Overall	 4.87	%	 4.42	%	-	5.35	%	 22562	 21121	-	24004	 4484	 4363	-	4605	
Rajajinagar	
Central	
Bangalore	
2	 3.73	%	 3.45	%	-	4.01	%	 20879	 19824	-	21933	 5804	 5719	-	5888	
Rajajinagar	
Central	
Bangalore	
Overall	 3.5	%	 3.24	%	-	3.77	%	 20578	 19514	-	21643	 5677	 5591	-	5762	
Ramamurthy	
Nagar	
East	
Bangalore	
2	 4.39	%	 4.07	%	-	4.73	%	 18733	 18111	-	19356	 4458	 4296	-	4621	
Ramamurthy	
Nagar	
East	
Bangalore	
3	 5.08	%	 4.46	%	-	5.74	%	 25555	 23059	-	28051	 4380	 4163	-	4597	
Ramamurthy	
Nagar	
East	
Bangalore	
Overall	 4.21	%	 3.9	%	-	4.53	%	 18753	 18128	-	19377	 4385	 4247	-	4522	
Rayasandra	
South	
Bangalore	
Overall	 3.89	%	 3.31	%	-	4.56	%	 21298	 19480	-	23115	 NA	 NA	
RMV	Extension	
Stage	2	
North	
Bangalore	
2	 3.7	%	 3.3	%	-	4.13	%	 22121	 20635	-	23607	 6078	 5828	-	6328	
RMV	Extension	
Stage	2	
North	
Bangalore	
Overall	 3.48	%	 3.14	%	-	3.84	%	 21601	 20201	-	23000	 5741	 5548	-	5933	
RR	Nagar	
South	
Bangalore	
2	 5.44	%	 5.28	%	-	5.61	%	 23065	 22593	-	23537	 4322	 4279	-	4364
IREF Bengaluru Rental Yield Report |30
Locality	 Region	 BHK	
Avg.	
Rental	
Yield	
Range	of	Avg.	
Rental	Yield	
Avg.	
Monthly	
Rent	
(INR)	
Range	of	Avg.	
Rent	(INR)	
Avg.	Rate	
per	
SqFt(INR)	
Range	of	
Avg.	Rate	
(INR)	
RR	Nagar	
South	
Bangalore	
3	 5.64	%	 5.44	%	-	5.85	%	 30077	 29403	-	30750	 4406	 4347	-	4465	
RR	Nagar	
South	
Bangalore	
Overall	 5.37	%	 5.21	%	-	5.52	%	 25368	 24892	-	25844	 4363	 4328	-	4398	
S.Medihalli	
South	
Bangalore	
2	 8.75	%	
7.11	%	-	10.59	
%	
26280	 22557	-	30004	 3049	 2888	-	3211	
S.Medihalli	
South	
Bangalore	
Overall	 7.91	%	 6.72	%	-	9.24	%	 26468	 23727	-	29209	 3078	 2958	-	3199	
Sanjay	Nagar	
North	
Bangalore	
2	 4.86	%	 4.54	%	-	5.2	%	 24738	 23735	-	25742	 5691	 5562	-	5821	
Sanjay	Nagar	
North	
Bangalore	
Overall	 4.95	%	 4.57	%	-	5.36	%	 25339	 24092	-	26585	 5693	 5573	-	5813	
Singasandra	
South	
Bangalore	
2	 5.79	%	 5.41	%	-	6.19	%	 22433	 21589	-	23277	 4050	 3949	-	4150	
Singasandra	
South	
Bangalore	
3	 6.61	%	 5.93	%	-	7.36	%	 30697	 28793	-	32601	 3809	 3698	-	3921	
Singasandra	
South	
Bangalore	
Overall	 5.4	%	 5.04	%	-	5.78	%	 22514	 21583	-	23444	 3958	 3880	-	4036	
Somasundarapalya	
South	
Bangalore	
2	 6.95	%	 6.28	%	-	7.69	%	 28150	 26998	-	29302	 4020	 3791	-	4249	
Somasundarapalya	
South	
Bangalore	
Overall	 6.26	%	 5.55	%	-	7.09	%	 28677	 27339	-	30015	 4115	 3919	-	4310	
Sompura	
East	
Bangalore	
2	 6.89	%	 5.87	%	-	8.02	%	 20464	 18297	-	22632	 NA	 NA	
Sompura	
East	
Bangalore	
Overall	 7.23	%	 6.21	%	-	8.36	%	 22990	 20696	-	25283	 3377	 3152	-	3602	
Srinivaspura	
South	
Bangalore	
2	 6.19	%	 5.82	%	-	6.59	%	 23794	 22926	-	24662	 4086	 3993	-	4179	
Srinivaspura	
South	
Bangalore	
3	 6.38	%	 5.89	%	-	6.91	%	 29699	 28221	-	31177	 4013	 3897	-	4128	
Srinivaspura	
South	
Bangalore	
Overall	 6.29	%	 5.95	%	-	6.64	%	 26530	 25657	-	27402	 4054	 3983	-	4126	
Subramanyapura	
South	
Bangalore	
2	 4.06	%	 3.65	%	-	4.48	%	 16645	 15296	-	17993	 4187	 4095	-	4280	
Subramanyapura	
South	
Bangalore	
3	 3.64	%	 3.14	%	-	4.16	%	 19378	 17226	-	21529	 4356	 4249	-	4463	
Subramanyapura	
South	
Bangalore	
Overall	 3.69	%	 3.37	%	-	4.02	%	 17421	 16255	-	18587	 4295	 4225	-	4365	
Sunkadakatte	
West	
Bangalore	
2	 3.96	%	 3.54	%	-	4.42	%	 18502	 17442	-	19562	 4599	 4344	-	4854	
Sunkadakatte	
West	
Bangalore	
Overall	 3.46	%	 3.12	%	-	3.83	%	 17999	 17022	-	18976	 4631	 4430	-	4831	
Sunkalpalya	
South	
Bangalore	
Overall	 5.76	%	 5.01	%	-	6.59	%	 23053	 20880	-	25225	 3781	 3646	-	3916	
Tejaswini	Nagar	
South	
Bangalore	
Overall	 5.8	%	 4.99	%	-	6.7	%	 25449	 23214	-	27685	 3720	 3581	-	3859	
Thanisandra	
North	
Bangalore	
2	 4.86	%	 4.47	%	-	5.26	%	 22139	 20784	-	23494	 4612	 4508	-	4716	
Thanisandra	
North	
Bangalore	
3	 5.39	%	 4.86	%	-	5.96	%	 30185	 28046	-	32325	 4551	 4405	-	4697	
Thanisandra	
North	
Bangalore	
Overall	 4.83	%	 4.45	%	-	5.23	%	 23959	 22543	-	25374	 4576	 4494	-	4659
IREF Bengaluru Rental Yield Report |31
Locality	 Region	 BHK	
Avg.	
Rental	
Yield	
Range	of	Avg.	
Rental	Yield	
Avg.	
Monthly	
Rent	
(INR)	
Range	of	Avg.	
Rent	(INR)	
Avg.	Rate	
per	
SqFt(INR)	
Range	of	
Avg.	Rate	
(INR)	
Thyvakanahally	
South	
Bangalore	
Overall	 8.52	%	 7.66	%	-	9.46	%	 27805	 26169	-	29441	 3361	 3185	-	3537	
Uttarahalli	
South	
Bangalore	
2	 4.66	%	 4.16	%	-	5.22	%	 20328	 19160	-	21495	 4126	 3952	-	4299	
Uttarahalli	
South	
Bangalore	
3	 4.69	%	 4.34	%	-	5.07	%	 28741	 27729	-	29754	 4823	 4684	-	4962	
Uttarahalli	
South	
Bangalore	
Overall	 4.59	%	 4.24	%	-	4.97	%	 25173	 24165	-	26181	 4596	 4479	-	4712	
Varthur	
East	
Bangalore	
2	 6.71	%	 6.14	%	-	7.32	%	 22319	 20956	-	23682	 3494	 3422	-	3566	
Varthur	
East	
Bangalore	
3	 7.55	%	 6.86	%	-	8.29	%	 30277	 28716	-	31838	 3594	 3443	-	3745	
Varthur	
East	
Bangalore	
Overall	 6.8	%	 6.27	%	-	7.37	%	 24508	 23192	-	25824	 3535	 3464	-	3606	
Veerasagara	
North	
Bangalore	
Overall	 8.14	%	 7.46	%	-	8.85	%	 33218	 31128	-	35308	 3846	 3782	-	3909	
Vidyaranyapura	
North	
Bangalore	
2	 4.03	%	 3.7	%	-	4.36	%	 18671	 17501	-	19842	 4763	 4672	-	4854	
Vidyaranyapura	
North	
Bangalore	
Overall	 3.51	%	 3.26	%	-	3.77	%	 17480	 16535	-	18424	 4636	 4557	-	4715	
Vijayanagar	
West	
Bangalore	
3	 3.97	%	 3.28	%	-	4.78	%	 25211	 22499	-	27923	 5791	 5484	-	6099	
Vijayanagar	
West	
Bangalore	
Overall	 2.89	%	 2.6	%	-	3.21	%	 17502	 16759	-	18246	 5690	 5435	-	5946	
Virupakshapura	
North	
Bangalore	
Overall	 3.41	%	 2.88	%	-	4.06	%	 16320	 15186	-	17454	 4516	 4287	-	4746	
Voderahalli	
North	
Bangalore	
Overall	 5.52	%	 4.17	%	-	7.01	%	 27504	 21795	-	33214	 4241	 4069	-	4413	
Volagerekallahalli	
West	
Bangalore	
2	
10.37	
%	
9.44	%	-	11.37	
%	
34014	 31954	-	36075	 3270	 3175	-	3366	
Volagerekallahalli	
West	
Bangalore	
Overall	 10	%	
9.24	%	-	10.81	
%	
34390	 32791	-	35988	 3278	 3197	-	3360	
Whitefield	
East	
Bangalore	
2	 6.2	%	 5.99	%	-	6.42	%	 24910	 24451	-	25369	 4046	 3981	-	4110	
Whitefield	
East	
Bangalore	
3	 5.97	%	 5.7	%	-	6.26	%	 30558	 29809	-	31307	 4146	 4057	-	4234	
Whitefield	
East	
Bangalore	
Overall	 5.5	%	 5.31	%	-	5.69	%	 24812	 24366	-	25258	 4095	 4043	-	4147	
Yelahanka	
North	
Bangalore	
2	 3.84	%	 3.24	%	-	4.54	%	 18040	 16367	-	19714	 4542	 4278	-	4806	
Yelahanka	
North	
Bangalore	
3	 5.15	%	 4.66	%	-	5.69	%	 28003	 26344	-	29663	 4631	 4476	-	4787	
Yelahanka	
North	
Bangalore	
Overall	 4.45	%	 4.02	%	-	4.92	%	 23330	 21876	-	24785	 4639	 4508	-	4771	
Yelahanka	New	
Town	
North	
Bangalore	
2	 5.7	%	 4.81	%	-	6.67	%	 24130	 21259	-	27001	 4547	 4433	-	4661	
Yelahanka	New	
Town	
North	
Bangalore	
Overall	 5.45	%	 4.52	%	-	6.52	%	 23132	 20431	-	25832	 4476	 4359	-	4593	
Yeshwanthpur	
North	
Bangalore	
2	 4.3	%	 4.02	%	-	4.59	%	 24882	 23709	-	26055	 5522	 5451	-	5594	
Yeshwanthpur	
North	
Bangalore	
3	 4.74	%	 4.17	%	-	5.32	%	 30201	 27089	-	33312	 5111	 4973	-	5249
IREF Bengaluru Rental Yield Report |32
Locality	 Region	 BHK	
Avg.	
Rental	
Yield	
Range	of	Avg.	
Rental	Yield	
Avg.	
Monthly	
Rent	
(INR)	
Range	of	Avg.	
Rent	(INR)	
Avg.	Rate	
per	
SqFt(INR)	
Range	of	
Avg.	Rate	
(INR)	
Yeshwanthpur	
North	
Bangalore	
Overall	 4.19	%	 3.94	%	-	4.45	%	 25007	 23839	-	26175	 5358	 5290	-	5425

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Bengaluru Rental Yield Report

  • 1. The Bengaluru Rental Yield Report Credits:Augustus Binu/www.dreamsparrow.net
  • 2. 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
  • 3. IREF Bengaluru Rental Yield Report |3 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.
  • 4. IREF Bengaluru Rental Yield Report |4 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
  • 5. IREF Bengaluru Rental Yield Report |5 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
  • 6. IREF Bengaluru Rental Yield Report |6 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.
  • 7. IREF Bengaluru Rental Yield Report |7 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
  • 8. IREF Bengaluru Rental Yield Report |8 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.
  • 9. IREF Bengaluru Rental Yield Report |9 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 − + = ∗ √.
  • 10. IREF Bengaluru Rental Yield Report |10 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 BHK Avg. Rental Yield Range of Avg. Rental Yield Avg. Monthly Rent (INR) Range of Avg. Rent (INR) Avg. Rate per SqFt (INR) Range of Avg. Rate Agrahara Layout North Bangalore 2 4.77 % 4 % - 5.61 % 20583 17982 - 23184 4421 4267 - 4575 Akshayanagar South Bangalore 2 4.74 % 4.24 % - 5.28 % 17465 16015 - 18914 3827 3743 - 3912 Akshayanagar South Bangalore 3 3.9 % 3.48 % - 4.36 % 18518 17234 - 19802 3812 3659 - 3965 Akshayanagar South Bangalore Overall 4.32 % 3.94 % - 4.71 % 17452 16381 - 18523 3823 3750 - 3895 Anantapura North Bangalore 2 3.41 % 2.93 % - 3.95 % 12783 11607 - 13959 3952 3731 - 4172 Anantapura North Bangalore Overall 3.51 % 3.05 % - 4.03 % 15364 14033 - 16695 3998 3842 - 4154 Annapurneshwari Nagar West Bangalore 2 3.34 % 3.08 % - 3.62 % 14393 13801 - 14986 4621 4447 - 4795 Annapurneshwari Nagar West Bangalore 3 3.8 % 3.52 % - 4.09 % 20703 19845 - 21562 4683 4532 - 4833 Annapurneshwari Nagar West Bangalore Overall 3.22 % 3.01 % - 3.45 % 16061 15438 - 16684 4711 4599 - 4822 Arakere South Bangalore 2 3 % 2.78 % - 3.23 % 14384 13938 - 14831 4736 4553 - 4919 Arakere South Bangalore Overall 2.66 % 2.49 % - 2.85 % 14098 13690 - 14505 4928 4781 - 5075 Balagere East Bangalore 2 5.41 % 5 % - 5.84 % 19145 18305 - 19984 3584 3467 - 3700 Balagere East Bangalore 3 5.89 % 5.51 % - 6.29 % 24125 23474 - 24776 3470 3340 - 3599 Balagere East Bangalore Overall 5.72 % 5.39 % - 6.06 % 21709 21029 - 22389 3531 3445 - 3618 Banashankari Central Bangalore 2 2.51 % 2.32 % - 2.7 % 12400 11920 - 12880 5258 5089 - 5428 Banashankari Central Bangalore 3 3.1 % 2.85 % - 3.36 % 18996 18082 - 19911 5081 4930 - 5232 Banashankari Central Bangalore Overall 2.3 % 2.17 % - 2.44 % 12952 12551 - 13353 5144 5032 - 5256 Banaswadi North Bangalore 2 2.72 % 2.41 % - 3.07 % 15125 14321 - 15928 5166 4885 - 5447 Banaswadi North Bangalore 3 2.76 % 2.34 % - 3.24 % 17661 15924 - 19399 5344 5001 - 5687 Banaswadi North Bangalore Overall 2.54 % 2.31 % - 2.79 % 15182 14485 - 15879 5264 5053 - 5475 Bangalore City Municipal South Bangalore 2 4.15 % 3.91 % - 4.4 % 14769 14312 - 15226 3815 3730 - 3901
  • 11. IREF Bengaluru Rental Yield Report |11 Locality Region BHK Avg. Rental Yield Range of Avg. Rental Yield Avg. Monthly Rent (INR) Range of Avg. Rent (INR) Avg. Rate per SqFt (INR) Range of Avg. Rate Corporation Layout Bangalore City Municipal Corporation Layout South Bangalore 3 4.13 % 3.7 % - 4.58 % 17777 16256 - 19299 3827 3715 - 3938 Bangalore City Municipal Corporation Layout South Bangalore Overall 4.04 % 3.8 % - 4.29 % 15763 15180 - 16345 3830 3762 - 3898 Basapura South Bangalore 2 4.69 % 4.43 % - 4.95 % 16889 16266 - 17512 3781 3716 - 3847 Basapura South Bangalore 3 4.4 % 4.17 % - 4.64 % 18793 18271 - 19314 3659 3581 - 3737 Basapura South Bangalore Overall 4.47 % 4.26 % - 4.69 % 17310 16779 - 17842 3740 3686 - 3794 Basaveshwara Nagar West Bangalore 2 2.64 % 2.38 % - 2.91 % 14171 13356 - 14987 5706 5551 - 5861 Basaveshwara Nagar West Bangalore 3 3.03 % 2.76 % - 3.34 % 19990 19043 - 20936 5695 5455 - 5935 Basaveshwara Nagar West Bangalore Overall 2.58 % 2.38 % - 2.81 % 15213 14499 - 15928 5701 5572 - 5830 Battarahalli East Bangalore 2 3.05 % 2.74 % - 3.39 % 11571 10918 - 12224 4035 3836 - 4234 Battarahalli East Bangalore Overall 2.85 % 2.57 % - 3.15 % 11865 11225 - 12506 4051 3888 - 4214 Begur North Bangalore 2 3.67 % 3.44 % - 3.91 % 12962 12522 - 13402 3878 3774 - 3982 Begur North Bangalore 3 4.18 % 3.74 % - 4.66 % 19126 17716 - 20537 3760 3647 - 3872 Begur North Bangalore Overall 3.38 % 3.18 % - 3.6 % 13182 12744 - 13621 3851 3770 - 3932 Bellandur East Bangalore 2 4.04 % 3.83 % - 4.27 % 18378 17925 - 18831 4368 4254 - 4482 Bellandur East Bangalore 3 4.37 % 4.04 % - 4.73 % 22297 21491 - 23103 4207 3999 - 4415 Bellandur East Bangalore Overall 3.79 % 3.59 % - 4 % 18155 17642 - 18669 4317 4207 - 4426 Bikasipura South Bangalore 2 3.23 % 2.85 % - 3.65 % 14837 13890 - 15784 4804 4504 - 5105 Bikasipura South Bangalore Overall 3.24 % 2.9 % - 3.61 % 16384 15514 - 17255 4822 4604 - 5039 Bilekahalli South Bangalore Overall 2.98 % 2.7 % - 3.3 % 14324 13961 - 14687 5058 4760 - 5356 Bommanahalli South Bangalore 2 3.89 % 3.66 % - 4.14 % 15784 15264 - 16304 4224 4127 - 4321 Bommanahalli South Bangalore 3 3.27 % 3.03 % - 3.52 % 20192 19064 - 21319 4742 4657 - 4826 Bommanahalli South Bangalore Overall 2.74 % 2.6 % - 2.89 % 14552 14150 - 14954 4567 4497 - 4637 Bommasandra East Bangalore 2 4.51 % 4.23 % - 4.81 % 12221 11659 - 12783 2981 2936 - 3025 Bommasandra East Bangalore Overall 3.97 % 3.72 % - 4.25 % 11486 11014 - 11959 3092 3037 - 3147 BTM Layout South Bangalore 2 3.11 % 2.84 % - 3.43 % 15702 15305 - 16100 4859 4569 - 5149 BTM Layout South Bangalore 3 4.3 % 3.85 % - 4.8 % 23477 22180 - 24774 4360 4122 - 4598
  • 12. IREF Bengaluru Rental Yield Report |12 Locality Region BHK Avg. Rental Yield Range of Avg. Rental Yield Avg. Monthly Rent (INR) Range of Avg. Rent (INR) Avg. Rate per SqFt (INR) Range of Avg. Rate BTM Layout South Bangalore Overall 2.48 % 2.33 % - 2.65 % 13064 12829 - 13299 4616 4426 - 4807 BTM Layout 1 South Bangalore Overall 1.87 % 1.73 % - 2.03 % 13509 13018 - 14000 NA NA Byadarahalli West Bangalore 2 2.4 % 1.99 % - 2.89 % 12378 11112 - 13644 NA NA Byadarahalli West Bangalore Overall 2.5 % 2.08 % - 3 % 12582 11317 - 13846 NA NA Byagadadenahalli South Bangalore Overall 5.65 % 4.4 % - 7.21 % 17084 14714 - 19454 3037 2886 - 3188 C V Raman Nagar East Bangalore 2 3.46 % 3.15 % - 3.8 % 14727 14108 - 15345 4479 4304 - 4653 C V Raman Nagar East Bangalore Overall 3.07 % 2.81 % - 3.36 % 14512 13962 - 15062 4445 4299 - 4591 Chambenahalli East Bangalore 2 6.93 % 6.41 % - 7.5 % 20844 20047 - 21641 3513 3416 - 3610 Chambenahalli East Bangalore Overall 7 % 6.5 % - 7.53 % 21088 20328 - 21849 3484 3392 - 3577 Chandra Layout Extension West Bangalore 2 2.73 % 2.44 % - 3.04 % 14062 13104 - 15019 5472 5313 - 5632 Chandra Layout Extension West Bangalore Overall 2.71 % 2.43 % - 3.02 % 14092 13114 - 15069 5480 5335 - 5625 Chansandra South Bangalore 2 4.77 % 4.22 % - 5.34 % 16997 15326 - 18668 3723 3654 - 3791 Chansandra South Bangalore Overall 3.54 % 3.21 % - 3.89 % 12978 12029 - 13927 3732 3670 - 3794 Chikkakannalli South Bangalore 2 5.26 % 4.8 % - 5.74 % 19537 18460 - 20615 3859 3768 - 3949 Chikkakannalli South Bangalore 3 4.97 % 4.61 % - 5.37 % 24950 24459 - 25441 4378 4172 - 4584 Chikkakannalli South Bangalore Overall 5.27 % 4.89 % - 5.67 % 23368 22696 - 24039 4146 4023 - 4268 Chikkalasandra South Bangalore 2 2.99 % 2.65 % - 3.38 % 12128 11368 - 12888 4234 4045 - 4424 Chikkalasandra South Bangalore 3 3.75 % 3.36 % - 4.18 % 17779 16551 - 19006 4068 3949 - 4187 Chikkalasandra South Bangalore Overall 2.76 % 2.51 % - 3.04 % 12582 11872 - 13291 4163 4057 - 4270 Chokkanahalli North Bangalore 2 4 % 3.68 % - 4.33 % 18285 17194 - 19377 4455 4370 - 4540 Chokkanahalli North Bangalore Overall 3.76 % 3.43 % - 4.1 % 18552 17300 - 19805 4571 4496 - 4645 Choodasandra East Bangalore 2 4.13 % 3.66 % - 4.68 % 15556 14745 - 16366 3848 3646 - 4050 Choodasandra East Bangalore Overall 3.35 % 3 % - 3.75 % 14854 14127 - 15581 3856 3713 - 3998 Choudadenahalli South Bangalore 2 5.65 % 5.27 % - 6.06 % 19971 18994 - 20948 3700 3602 - 3799 Choudadenahalli South Bangalore Overall 5.57 % 5.16 % - 5.99 % 20481 19484 - 21477 3743 3645 - 3840 Dasarahalli North Bangalore Overall 2.97 % 2.62 % - 3.36 % 14284 13224 - 15343 4462 4191 - 4733 Devarachikkana Halli South Bangalore 2 4.41 % 3.97 % - 4.87 % 16166 15047 - 17284 3839 3714 - 3963 Devarachikkana Halli South Bangalore 3 4.48 % 3.88 % - 5.14 % 22320 20244 - 24397 3994 3807 - 4181
  • 13. IREF Bengaluru Rental Yield Report |13 Locality Region BHK Avg. Rental Yield Range of Avg. Rental Yield Avg. Monthly Rent (INR) Range of Avg. Rent (INR) Avg. Rate per SqFt (INR) Range of Avg. Rate Devarachikkana Halli South Bangalore Overall 4.08 % 3.7 % - 4.47 % 16803 15751 - 17854 3891 3788 - 3995 Devinagar North Bangalore 2 2.39 % 2.05 % - 2.77 % 13107 12030 - 14183 4920 4699 - 5142 Devinagar North Bangalore Overall 2.27 % 1.97 % - 2.61 % 13798 12595 - 15000 4837 4684 - 4990 Doddabommasand ra North Bangalore Overall 2.03 % 1.55 % - 2.68 % 11756 10214 - 13298 5058 4512 - 5604 Doddakannelli East Bangalore Overall 3.39 % 2.94 % - 3.89 % 16544 15031 - 18057 4667 4453 - 4881 Doddanekundi East Bangalore 2 4.2 % 3.77 % - 4.69 % 15724 15121 - 16327 3821 3614 - 4028 Doddanekundi East Bangalore Overall 3.61 % 3.24 % - 4.05 % 14711 14226 - 15195 4057 3823 - 4292 Electronic City South Bangalore 1 4.87 % 4.27 % - 5.62 % 8541 8224 - 8859 3302 2953 - 3652 Electronic City South Bangalore 2 4.88 % 4.76 % - 4.99 % 14073 13903 - 14243 3196 3160 - 3231 Electronic City South Bangalore 3 4.71 % 4.5 % - 4.94 % 17055 16653 - 17458 3181 3114 - 3248 Electronic City South Bangalore Overall 4.68 % 4.56 % - 4.79 % 14261 14074 - 14449 3199 3168 - 3231 Gnana Bharathi West Bangalore 2 3.23 % 2.86 % - 3.62 % 14424 13338 - 15510 4653 4470 - 4835 Gnana Bharathi West Bangalore 3 3.57 % 3.26 % - 3.91 % 18323 17528 - 19118 4340 4122 - 4559 Gnana Bharathi West Bangalore Overall 3.26 % 2.98 % - 3.56 % 15706 14853 - 16558 4523 4387 - 4659 Gottigere South Bangalore 2 3.48 % 3.19 % - 3.79 % 13244 12690 - 13799 4080 3919 - 4240 Gottigere South Bangalore 3 3.93 % 3.56 % - 4.33 % 17673 16559 - 18787 3919 3787 - 4052 Gottigere South Bangalore Overall 3.3 % 3.08 % - 3.54 % 13799 13269 - 14329 4025 3922 - 4127 Gunjur Palya East Bangalore 2 5.16 % 4.87 % - 5.47 % 14865 14544 - 15186 3311 3219 - 3403 Gunjur Palya East Bangalore Overall 4.88 % 4.46 % - 5.34 % 14439 13913 - 14966 3348 3277 - 3418 Halanayakanahalli East Bangalore 2 5.29 % 4.81 % - 5.82 % 20304 19263 - 21345 4149 4010 - 4288 Halanayakanahalli East Bangalore Overall 4.86 % 4.42 % - 5.34 % 19960 18869 - 21050 4223 4110 - 4335 Hallehalli East Bangalore 2 3.91 % 3.43 % - 4.47 % 12487 11642 - 13331 3451 3235 - 3666 Hallehalli East Bangalore 3 4.41 % 4 % - 4.84 % 15971 14916 - 17026 3160 3044 - 3275 Hallehalli East Bangalore Overall 4.12 % 3.76 % - 4.51 % 14006 13277 - 14734 3312 3179 - 3445 Harlur South Bangalore 2 4.72 % 4.17 % - 5.34 % 20526 19162 - 21889 4249 4105 - 4392 Harlur South Bangalore 3 5.15 % 4.77 % - 5.58 % 25487 24789 - 26184 NA NA Harlur South Bangalore Overall 4.83 % 4.39 % - 5.3 % 21887 20813 - 22960 4299 4160 - 4437 HBR Layout North Bangalore 2 3.56 % 3.37 % - 3.76 % 16906 16345 - 17467 4805 4722 - 4888 HBR Layout North Bangalore 3 3.47 % 3.17 % - 3.78 % 20328 19219 - 21437 4814 4668 - 4961 HBR Layout North Bangalore Overall 3.31 % 3.15 % - 3.47 % 16931 16436 - 17426 4811 4739 - 4883
  • 14. IREF Bengaluru Rental Yield Report |14 Locality Region BHK Avg. Rental Yield Range of Avg. Rental Yield Avg. Monthly Rent (INR) Range of Avg. Rent (INR) Avg. Rate per SqFt (INR) Range of Avg. Rate Hebbal North Bangalore 2 2.67 % 2.4 % - 2.97 % 12998 12435 - 13561 5015 4756 - 5275 Hebbal North Bangalore Overall 2.47 % 2.26 % - 2.71 % 13805 13241 - 14370 4978 4805 - 5150 Hebbal Kempapura North Bangalore 2 3.26 % 3.02 % - 3.52 % 14502 13803 - 15201 4762 4603 - 4921 Hebbal Kempapura North Bangalore 3 3.48 % 3.06 % - 3.97 % 19841 18584 - 21097 NA NA Hebbal Kempapura North Bangalore Overall 3.25 % 2.98 % - 3.53 % 15331 14572 - 16090 4770 4622 - 4919 Hegganahalli West Bangalore 2 2.65 % 2.42 % - 2.89 % 11514 10753 - 12275 4445 4362 - 4527 Hegganahalli West Bangalore Overall 2.17 % 2 % - 2.34 % 9684 9176 - 10193 4478 4388 - 4569 Hennur North Bangalore 2 3.51 % 3.19 % - 3.86 % 15162 14518 - 15805 4081 3962 - 4200 Hennur North Bangalore 3 3.65 % 3.2 % - 4.14 % 17606 16230 - 18983 4067 3888 - 4246 Hennur North Bangalore Overall 3.49 % 3.23 % - 3.77 % 15797 15197 - 16396 4131 4029 - 4234 Hongasandra South Bangalore 2 3.7 % 3.42 % - 4 % 13202 12745 - 13658 3826 3703 - 3950 Hongasandra South Bangalore Overall 2.54 % 2.35 % - 2.74 % 10495 10260 - 10730 3915 3790 - 4040 Hoodi East Bangalore 3 3.47 % 3.05 % - 3.96 % 23096 21663 - 24529 NA NA Hoodi East Bangalore Overall 3.16 % 2.79 % - 3.58 % 19375 18381 - 20369 5433 5174 - 5691 Hormavu North Bangalore 2 3.75 % 3.58 % - 3.93 % 14972 14495 - 15448 4123 4064 - 4182 Hormavu North Bangalore 3 3.86 % 3.61 % - 4.12 % 19948 19147 - 20748 4158 4053 - 4263 Hormavu North Bangalore Overall 3.67 % 3.51 % - 3.83 % 15820 15356 - 16284 4188 4136 - 4241 Hosakerehalli South Bangalore 2 2.46 % 2.07 % - 2.87 % 9637 8431 - 10843 4106 3976 - 4235 Hosakerehalli South Bangalore Overall 2.39 % 2.1 % - 2.69 % 10555 9561 - 11550 4105 4019 - 4191 Hoskote East Bangalore Overall 4.42 % 3.55 % - 5.4 % 15278 13033 - 17522 3355 3293 - 3416 HSR Layout South Bangalore 2 3.45 % 3.26 % - 3.66 % 18849 18621 - 19077 5790 5590 - 5991 HSR Layout South Bangalore Overall 2.99 % 2.84 % - 3.16 % 17245 17055 - 17436 5679 5509 - 5848 Hulimavu South Bangalore 2 3.86 % 3.57 % - 4.18 % 14309 13586 - 15031 3950 3868 - 4031 Hulimavu South Bangalore 3 3.5 % 3.11 % - 3.93 % 18565 17068 - 20062 4267 4126 - 4409 Hulimavu South Bangalore Overall 3.23 % 3.02 % - 3.47 % 13076 12575 - 13578 4033 3958 - 4109 Jakkuru North Bangalore 2 2.49 % 2.29 % - 2.69 % 13348 12555 - 14142 5470 5357 - 5583 Jakkuru North Bangalore 3 2.96 % 2.7 % - 3.22 % 19017 17685 - 20349 5484 5382 - 5586
  • 15. IREF Bengaluru Rental Yield Report |15 Locality Region BHK Avg. Rental Yield Range of Avg. Rental Yield Avg. Monthly Rent (INR) Range of Avg. Rent (INR) Avg. Rate per SqFt (INR) Range of Avg. Rate Jakkuru North Bangalore Overall 2.55 % 2.37 % - 2.74 % 15372 14501 - 16243 5484 5408 - 5560 Jalahalli East North Bangalore 2 2.8 % 2.31 % - 3.35 % 12153 10680 - 13625 NA NA Jalahalli East North Bangalore Overall 2.74 % 2.29 % - 3.24 % 12084 10727 - 13442 NA NA Jalahalli West North Bangalore 2 3.57 % 3.24 % - 3.92 % 12310 11638 - 12981 3711 3624 - 3798 Jalahalli West North Bangalore Overall 3.43 % 3.14 % - 3.75 % 13069 12348 - 13790 3681 3599 - 3762 Jayanagar South Bangalore Overall 2.69 % 2.3 % - 3.16 % 16951 16064 - 17838 NA NA Jinkethimmanahall i East Bangalore 2 2.89 % 2.54 % - 3.27 % 11954 10933 - 12975 4426 4264 - 4588 Jinkethimmanahall i East Bangalore Overall 2.91 % 2.59 % - 3.26 % 12192 11289 - 13096 4447 4284 - 4611 Jnana Ganga Nagar West Bangalore 2 2.85 % 2.51 % - 3.24 % 13906 12889 - 14922 NA NA Jnana Ganga Nagar West Bangalore Overall 2.79 % 2.52 % - 3.09 % 14684 13779 - 15589 4672 4457 - 4887 JP Nagar South Bangalore 2 3.04 % 2.9 % - 3.18 % 13836 13501 - 14171 4701 4601 - 4801 JP Nagar South Bangalore 3 3.26 % 3.06 % - 3.47 % 18851 18106 - 19596 4713 4588 - 4838 JP Nagar South Bangalore Overall 2.7 % 2.59 % - 2.82 % 13969 13667 - 14272 4759 4682 - 4836 K R Puram East Bangalore 2 3.55 % 3.37 % - 3.74 % 13683 13289 - 14078 4018 3932 - 4104 K R Puram East Bangalore 3 3.78 % 3.54 % - 4.04 % 18591 17935 - 19246 3974 3866 - 4082 K R Puram East Bangalore Overall 3.52 % 3.35 % - 3.69 % 15193 14801 - 15584 4028 3961 - 4096 Kada Agrahara South Bangalore 2 7 % 6.47 % - 7.55 % 21215 20098 - 22333 3223 3047 - 3400 Kada Agrahara South Bangalore Overall 6.9 % 6.2 % - 7.68 % 20635 19394 - 21876 3196 3061 - 3331 Kadubeesanahalli East Bangalore 2 4.28 % 3.95 % - 4.64 % 18213 17539 - 18888 4310 4166 - 4455 Kadubeesanahalli East Bangalore Overall 3.92 % 3.64 % - 4.23 % 17426 16773 - 18079 4263 4134 - 4392 Kadugodi East Bangalore 2 4.35 % 4.03 % - 4.69 % 15561 15002 - 16121 3752 3618 - 3887 Kadugodi East Bangalore 3 4.06 % 3.63 % - 4.56 % 19411 18485 - 20338 3879 3685 - 4073 Kadugodi East Bangalore Overall 3.58 % 3.31 % - 3.87 % 14794 14273 - 15316 3743 3633 - 3852 Kaggadasapura East Bangalore 2 3.73 % 3.55 % - 3.92 % 14150 13835 - 14466 4055 3959 - 4150 Kaggadasapura East Bangalore 3 3.73 % 3.33 % - 4.16 % 17777 16576 - 18978 3949 3832 - 4066 Kaggadasapura East Bangalore Overall 3.42 % 3.25 % - 3.6 % 14056 13720 - 14391 4042 3960 - 4123 Kaikondrahalli East Bangalore 2 3.68 % 3.41 % - 3.97 % 18131 17610 - 18652 5167 4880 - 5454 Kaikondrahalli East Bangalore Overall 3.72 % 3.4 % - 4.08 % 19867 19019 - 20715 5242 5002 - 5483 Kalena Agrahara South Bangalore 2 3.05 % 2.67 % - 3.49 % 13061 12319 - 13804 4625 4252 - 4998 Kalena Agrahara South Bangalore Overall 2.87 % 2.54 % - 3.24 % 13863 12956 - 14770 4543 4306 - 4779 Kalkere North Bangalore 2 3.5 % 3.16 % - 3.88 % 15256 14455 - 16057 4502 4257 - 4748
  • 16. IREF Bengaluru Rental Yield Report |16 Locality Region BHK Avg. Rental Yield Range of Avg. Rental Yield Avg. Monthly Rent (INR) Range of Avg. Rent (INR) Avg. Rate per SqFt (INR) Range of Avg. Rate Kalkere North Bangalore Overall 2.93 % 2.67 % - 3.22 % 15047 14246 - 15848 4349 4189 - 4509 Kalyan Nagar North Bangalore 2 3.35 % 2.9 % - 3.87 % 19327 17967 - 20687 5283 4895 - 5670 Kalyan Nagar North Bangalore Overall 3.26 % 2.89 % - 3.67 % 19537 18349 - 20726 5418 5138 - 5698 Kamla Nagar West Bangalore 2 3.29 % 2.7 % - 3.98 % 12975 11559 - 14391 4616 4348 - 4884 Kamla Nagar West Bangalore Overall 2.78 % 2.26 % - 3.41 % 13397 12071 - 14723 5001 4703 - 5298 Kasavanahalli East Bangalore 2 4.68 % 4.3 % - 5.1 % 19581 18796 - 20366 4194 4033 - 4355 Kasavanahalli East Bangalore 3 4.55 % 4 % - 5.18 % 24002 22819 - 25185 4383 4123 - 4643 Kasavanahalli East Bangalore Overall 4.58 % 4.21 % - 4.98 % 20799 19983 - 21615 4261 4125 - 4396 Kaval Byrasandra North Bangalore 2 3.52 % 2.99 % - 4.18 % 14093 13163 - 15023 4486 4163 - 4809 Kaval Byrasandra North Bangalore Overall 3.28 % 2.85 % - 3.79 % 14525 13629 - 15421 4665 4402 - 4928 Kengeri Satellite Town West Bangalore 2 3.6 % 3.45 % - 3.76 % 14740 14379 - 15100 4400 4322 - 4477 Kengeri Satellite Town West Bangalore 3 3.49 % 3.22 % - 3.77 % 18677 17708 - 19646 4472 4361 - 4584 Kengeri Satellite Town West Bangalore Overall 3.35 % 3.19 % - 3.51 % 15517 15076 - 15958 4429 4366 - 4492 Kodipur South Bangalore 2 3.73 % 3.35 % - 4.13 % 13785 12741 - 14830 3960 3860 - 4059 Kodipur South Bangalore Overall 3.65 % 3.31 % - 4.01 % 14622 13698 - 15546 4175 4064 - 4287 Konanakunte South Bangalore 2 3.75 % 3.33 % - 4.21 % 14108 13065 - 15152 3861 3689 - 4034 Konanakunte South Bangalore 3 3.36 % 3.03 % - 3.73 % 17135 16137 - 18134 4154 3916 - 4392 Konanakunte South Bangalore Overall 3.46 % 3.13 % - 3.82 % 14672 13831 - 15513 3986 3843 - 4129 Koramangala South Bangalore 2 3.21 % 2.92 % - 3.54 % 18730 18194 - 19267 5473 5151 - 5794 Koramangala South Bangalore Overall 2.62 % 2.4 % - 2.88 % 15764 15391 - 16137 5403 5113 - 5692 Kudlu South Bangalore 2 4.8 % 4.22 % - 5.44 % 19449 17999 - 20899 4006 3806 - 4206 Kudlu South Bangalore Overall 4.62 % 4.14 % - 5.15 % 20751 19442 - 22060 3975 3829 - 4122 Kumaraswamy Layout South Bangalore 2 2.57 % 2.39 % - 2.75 % 12964 12391 - 13538 5201 5032 - 5370 Kumaraswamy Layout South Bangalore 3 2.88 % 2.47 % - 3.33 % 16222 14539 - 17905 4848 4592 - 5104 Kumaraswamy Layout South Bangalore Overall 2.39 % 2.22 % - 2.56 % 12753 12220 - 13285 4996 4853 - 5139 Mahadevapura East Bangalore 2 3.27 % 3.01 % - 3.55 % 15469 14947 - 15991 4626 4426 - 4826 Mahadevapura East Bangalore 3 3.4 % 3.06 % - 3.78 % 19740 18836 - 20644 4747 4497 - 4998 Mahadevapura East Bangalore Overall 2.94 % 2.74 % - 3.15 % 15178 14732 - 15624 4695 4548 - 4842
  • 17. IREF Bengaluru Rental Yield Report |17 Locality Region BHK Avg. Rental Yield Range of Avg. Rental Yield Avg. Monthly Rent (INR) Range of Avg. Rent (INR) Avg. Rate per SqFt (INR) Range of Avg. Rate Mailasandra South Bangalore 2 3.73 % 3.22 % - 4.27 % 16024 14424 - 17624 4527 4310 - 4745 Mailasandra South Bangalore Overall 3.7 % 3.22 % - 4.23 % 18061 16376 - 19746 4237 4081 - 4394 Mallathahalli West Bangalore 2 3.83 % 3.41 % - 4.29 % 15950 14788 - 17112 4510 4318 - 4703 Mallathahalli West Bangalore Overall 3.48 % 3.09 % - 3.91 % 16126 14977 - 17274 4596 4435 - 4756 Marathahalli East Bangalore Overall 3.09 % 2.74 % - 3.52 % 16158 15807 - 16509 4773 4414 - 5131 Margondanahalli North Bangalore 2 2.23 % 1.91 % - 2.58 % 11063 9867 - 12259 5379 5197 - 5561 Margondanahalli North Bangalore Overall 1.81 % 1.56 % - 2.08 % 9741 8779 - 10703 5228 5036 - 5419 Muneshwara Nagar South Bangalore 2 4.43 % 3.93 % - 4.98 % 16666 15655 - 17678 NA NA Muneshwara Nagar South Bangalore Overall 3.05 % 2.66 % - 3.5 % 14992 14190 - 15794 4421 4175 - 4667 Munnekollal East Bangalore 2 3.92 % 3.55 % - 4.36 % 16587 16214 - 16960 4021 3768 - 4273 Munnekollal East Bangalore Overall 3.29 % 3 % - 3.62 % 14917 14642 - 15191 4092 3863 - 4320 Nagarbhavi West Bangalore 2 2.46 % 2.23 % - 2.7 % 13226 12541 - 13911 5191 4998 - 5385 Nagarbhavi West Bangalore 3 3.06 % 2.6 % - 3.57 % 18157 16161 - 20153 4918 4658 - 5178 Nagarbhavi West Bangalore Overall 2.45 % 2.25 % - 2.67 % 13913 13237 - 14589 5158 5001 - 5315 Nagasandra North Bangalore 2 4.19 % 3.88 % - 4.51 % 14044 13326 - 14761 3794 3720 - 3868 Nagasandra North Bangalore 3 3.88 % 3.47 % - 4.35 % 17201 16494 - 17908 4054 3751 - 4357 Nagasandra North Bangalore Overall 3.96 % 3.59 % - 4.34 % 14520 13617 - 15422 3873 3779 - 3967 Nagavara North Bangalore 2 2.76 % 2.55 % - 3 % 15064 14707 - 15421 5502 5251 - 5754 Nagavara North Bangalore Overall 2.8 % 2.61 % - 3.01 % 16319 15916 - 16723 5441 5260 - 5622 Nandini Layout North Bangalore 2 2.38 % 2.16 % - 2.62 % 13284 12447 - 14122 5596 5477 - 5714 Nandini Layout North Bangalore 3 3.24 % 3.01 % - 3.48 % 20878 19981 - 21775 5264 5091 - 5437 Nandini Layout North Bangalore Overall 2.31 % 2.13 % - 2.5 % 14009 13248 - 14771 5411 5301 - 5521 Narayanapura North Bangalore 2 3.44 % 3.11 % - 3.79 % 14699 13743 - 15656 4386 4272 - 4500 Narayanapura North Bangalore Overall 3.59 % 3.2 % - 3.99 % 17364 16015 - 18713 4405 4326 - 4484 Nayandahalli South Bangalore 2 3.5 % 3.2 % - 3.8 % 16779 15585 - 17974 4669 4598 - 4739 Nayandahalli South Bangalore 3 3.64 % 3.32 % - 3.98 % 21436 19787 - 23085 4827 4755 - 4899 Nayandahalli South Bangalore Overall 3.46 % 3.19 % - 3.75 % 18204 17076 - 19331 4738 4686 - 4790
  • 18. IREF Bengaluru Rental Yield Report |18 Locality Region BHK Avg. Rental Yield Range of Avg. Rental Yield Avg. Monthly Rent (INR) Range of Avg. Rent (INR) Avg. Rate per SqFt (INR) Range of Avg. Rate Nehru Nagar North Bangalore 2 3.77 % 3.46 % - 4.1 % 17570 16361 - 18780 4668 4568 - 4768 Nehru Nagar North Bangalore 3 3.93 % 3.61 % - 4.27 % 22082 20634 - 23529 4574 4476 - 4672 Nehru Nagar North Bangalore Overall 3.79 % 3.53 % - 4.06 % 19341 18292 - 20390 4625 4553 - 4696 Panathur East Bangalore 2 4.22 % 4.06 % - 4.4 % 19723 19259 - 20188 4305 4244 - 4365 Panathur East Bangalore 3 4.15 % 3.91 % - 4.4 % 22071 21314 - 22827 4287 4207 - 4367 Panathur East Bangalore Overall 3.99 % 3.82 % - 4.16 % 19390 18871 - 19909 4302 4254 - 4351 Panduranga Nagar South Bangalore Overall 3.08 % 2.59 % - 3.7 % 15322 14369 - 16276 4868 4492 - 5245 R.K. Hegde Nagar North Bangalore 2 3.42 % 3.07 % - 3.78 % 14527 13495 - 15558 4425 4272 - 4577 R.K. Hegde Nagar North Bangalore 3 3.43 % 2.9 % - 4 % 18802 16500 - 21104 4585 4382 - 4788 R.K. Hegde Nagar North Bangalore Overall 3.3 % 3 % - 3.62 % 15278 14302 - 16254 4484 4363 - 4605 Rajajinagar Central Bangalore 2 2.52 % 2.34 % - 2.72 % 14138 13424 - 14852 5804 5719 - 5888 Rajajinagar Central Bangalore Overall 2.37 % 2.2 % - 2.55 % 13935 13214 - 14656 5677 5591 - 5762 Ramamurthy Nagar East Bangalore 2 2.97 % 2.76 % - 3.21 % 12686 12264 - 13107 4458 4296 - 4621 Ramamurthy Nagar East Bangalore 3 3.44 % 3.02 % - 3.89 % 17305 15615 - 18995 4380 4163 - 4597 Ramamurthy Nagar East Bangalore Overall 2.85 % 2.64 % - 3.07 % 12699 12276 - 13122 4385 4247 - 4522 Rayasandra South Bangalore Overall 2.63 % 2.24 % - 3.09 % 14422 13191 - 15653 NA NA RMV Extension Stage 2 North Bangalore 2 2.5 % 2.23 % - 2.8 % 14980 13973 - 15986 6078 5828 - 6328 RMV Extension Stage 2 North Bangalore Overall 2.36 % 2.13 % - 2.6 % 14627 13679 - 15575 5741 5548 - 5933 RR Nagar South Bangalore 2 3.69 % 3.57 % - 3.8 % 15619 15299 - 15938 4322 4279 - 4364 RR Nagar South Bangalore 3 3.82 % 3.68 % - 3.96 % 20367 19911 - 20823 4406 4347 - 4465 RR Nagar South Bangalore Overall 3.63 % 3.53 % - 3.74 % 17178 16856 - 17501 4363 4328 - 4398 S.Medihalli South Bangalore 2 5.93 % 4.81 % - 7.17 % 17796 15275 - 20318 3049 2888 - 3211 S.Medihalli South Bangalore Overall 5.36 % 4.55 % - 6.26 % 17923 16067 - 19779 3078 2958 - 3199 Sanjay Nagar North Bangalore 2 3.29 % 3.08 % - 3.52 % 16752 16072 - 17431 5691 5562 - 5821 Sanjay Nagar North Bangalore Overall 3.35 % 3.1 % - 3.63 % 17158 16314 - 18002 5693 5573 - 5813 Singasandra South Bangalore 2 3.92 % 3.67 % - 4.19 % 15191 14619 - 15762 4050 3949 - 4150 Singasandra South Bangalore 3 4.48 % 4.02 % - 4.98 % 20787 19497 - 22076 3809 3698 - 3921
  • 19. IREF Bengaluru Rental Yield Report |19 Locality Region BHK Avg. Rental Yield Range of Avg. Rental Yield Avg. Monthly Rent (INR) Range of Avg. Rent (INR) Avg. Rate per SqFt (INR) Range of Avg. Rate Singasandra South Bangalore Overall 3.66 % 3.41 % - 3.91 % 15245 14615 - 15876 3958 3880 - 4036 Somasundarapalya South Bangalore 2 4.7 % 4.25 % - 5.21 % 19062 18282 - 19842 4020 3791 - 4249 Somasundarapalya South Bangalore Overall 4.24 % 3.76 % - 4.8 % 19419 18513 - 20325 4115 3919 - 4310 Sompura East Bangalore 2 4.67 % 3.97 % - 5.43 % 13858 12390 - 15325 NA NA Sompura East Bangalore Overall 4.9 % 4.21 % - 5.66 % 15568 14015 - 17121 3377 3152 - 3602 Srinivaspura South Bangalore 2 4.19 % 3.94 % - 4.46 % 16113 15525 - 16700 4086 3993 - 4179 Srinivaspura South Bangalore 3 4.32 % 3.99 % - 4.68 % 20111 19110 - 21112 4013 3897 - 4128 Srinivaspura South Bangalore Overall 4.26 % 4.03 % - 4.5 % 17965 17374 - 18556 4054 3983 - 4126 Subramanyapura South Bangalore 2 2.75 % 2.47 % - 3.04 % 11271 10358 - 12184 4187 4095 - 4280 Subramanyapura South Bangalore 3 2.46 % 2.13 % - 2.82 % 13122 11665 - 14579 4356 4249 - 4463 Subramanyapura South Bangalore Overall 2.5 % 2.28 % - 2.72 % 11797 11008 - 12587 4295 4225 - 4365 Sunkadakatte West Bangalore 2 2.68 % 2.4 % - 3 % 12529 11811 - 13247 4599 4344 - 4854 Sunkadakatte West Bangalore Overall 2.34 % 2.11 % - 2.6 % 12188 11527 - 12850 4631 4430 - 4831 Sunkalpalya South Bangalore Overall 3.9 % 3.39 % - 4.46 % 15610 14139 - 17082 3781 3646 - 3916 Tejaswini Nagar South Bangalore Overall 3.93 % 3.38 % - 4.54 % 17233 15719 - 18747 3720 3581 - 3859 Thanisandra North Bangalore 2 3.29 % 3.03 % - 3.56 % 14992 14074 - 15909 4612 4508 - 4716 Thanisandra North Bangalore 3 3.65 % 3.29 % - 4.04 % 20440 18992 - 21889 4551 4405 - 4697 Thanisandra North Bangalore Overall 3.27 % 3.01 % - 3.54 % 16224 15265 - 17183 4576 4494 - 4659 Thyvakanahally South Bangalore Overall 5.77 % 5.19 % - 6.41 % 18828 17721 - 19936 3361 3185 - 3537 Uttarahalli South Bangalore 2 3.16 % 2.82 % - 3.54 % 13765 12974 - 14556 4126 3952 - 4299 Uttarahalli South Bangalore 3 3.18 % 2.94 % - 3.44 % 19462 18777 - 20148 4823 4684 - 4962 Uttarahalli South Bangalore Overall 3.11 % 2.87 % - 3.36 % 17046 16364 - 17729 4596 4479 - 4712 Varthur East Bangalore 2 4.55 % 4.15 % - 4.96 % 15114 14191 - 16037 3494 3422 - 3566 Varthur East Bangalore 3 5.11 % 4.65 % - 5.62 % 20503 19446 - 21559 3594 3443 - 3745 Varthur East Bangalore Overall 4.61 % 4.25 % - 4.99 % 16596 15705 - 17487 3535 3464 - 3606 Veerasagara North Bangalore Overall 5.51 % 5.05 % - 5.99 % 22494 21079 - 23909 3846 3782 - 3909 Vidyaranyapura North Bangalore 2 2.73 % 2.51 % - 2.95 % 12644 11851 - 13436 4763 4672 - 4854 Vidyaranyapura North Bangalore Overall 2.38 % 2.21 % - 2.56 % 11837 11197 - 12476 4636 4557 - 4715
  • 20. IREF Bengaluru Rental Yield Report |20 Locality Region BHK Avg. Rental Yield Range of Avg. Rental Yield Avg. Monthly Rent (INR) Range of Avg. Rent (INR) Avg. Rate per SqFt (INR) Range of Avg. Rate Vijayanagar West Bangalore 3 2.69 % 2.22 % - 3.23 % 17072 15236 - 18909 5791 5484 - 6099 Vijayanagar West Bangalore Overall 1.95 % 1.76 % - 2.17 % 11852 11348 - 12356 5690 5435 - 5946 Virupakshapura North Bangalore Overall 2.31 % 1.95 % - 2.75 % 11051 10283 - 11819 4516 4287 - 4746 Voderahalli North Bangalore Overall 3.74 % 2.82 % - 4.75 % 18625 14759 - 22491 4241 4069 - 4413 Volagerekallahalli West Bangalore 2 7.02 % 6.39 % - 7.7 % 23033 21638 - 24429 3270 3175 - 3366 Volagerekallahalli West Bangalore Overall 6.77 % 6.26 % - 7.32 % 23287 22205 - 24370 3278 3197 - 3360 Whitefield East Bangalore 2 4.2 % 4.05 % - 4.35 % 16868 16557 - 17179 4046 3981 - 4110 Whitefield East Bangalore 3 4.04 % 3.86 % - 4.24 % 20693 20186 - 21200 4146 4057 - 4234 Whitefield East Bangalore Overall 3.72 % 3.6 % - 3.86 % 16802 16500 - 17104 4095 4043 - 4147 Yelahanka North Bangalore 2 2.6 % 2.19 % - 3.08 % 12216 11083 - 13349 4542 4278 - 4806 Yelahanka North Bangalore 3 3.49 % 3.15 % - 3.85 % 18963 17839 - 20087 4631 4476 - 4787 Yelahanka North Bangalore Overall 3.01 % 2.72 % - 3.33 % 15799 14814 - 16783 4639 4508 - 4771 Yelahanka New Town North Bangalore 2 3.86 % 3.25 % - 4.52 % 16340 14396 - 18284 4547 4433 - 4661 Yelahanka New Town North Bangalore Overall 3.69 % 3.06 % - 4.41 % 15664 13835 - 17493 4476 4359 - 4593 Yeshwanthpur North Bangalore 2 2.91 % 2.72 % - 3.11 % 16849 16055 - 17644 5522 5451 - 5594 Yeshwanthpur North Bangalore 3 3.21 % 2.83 % - 3.6 % 20451 18344 - 22558 5111 4973 - 5249 Yeshwanthpur North Bangalore Overall 2.84 % 2.67 % - 3.02 % 16934 16143 - 17725 5358 5290 - 5425 Locality-wise Rental Yield for Furnished Houses in Bengaluru Locality Region BHK Avg. Rental Yield Range of Avg. Rental Yield Avg. Monthly Rent (INR) Range of Avg. Rent (INR) Avg. Rate per SqFt(INR) Range of Avg. Rate (INR) Agrahara Layout North Bangalore 2 7.05 % 5.9 % - 8.29 % 30395 26554 - 34237 4421 4267 - 4575 Akshayanagar South Bangalore 2 7 % 6.26 % - 7.79 % 25791 23651 - 27931 3827 3743 - 3912 Akshayanagar South Bangalore 3 5.76 % 5.13 % - 6.44 % 27346 25450 - 29242 3812 3659 - 3965 Akshayanagar South Bangalore Overall 6.37 % 5.83 % - 6.95 % 25773 24191 - 27354 3823 3750 - 3895 Anantapura North Bangalore 2 5.04 % 4.33 % - 5.84 % 18877 17141 - 20614 3952 3731 - 4172 Anantapura North Bangalore Overall 5.19 % 4.5 % - 5.95 % 22689 20723 - 24654 3998 3842 - 4154
  • 21. IREF Bengaluru Rental Yield Report |21 Locality Region BHK Avg. Rental Yield Range of Avg. Rental Yield Avg. Monthly Rent (INR) Range of Avg. Rent (INR) Avg. Rate per SqFt(INR) Range of Avg. Rate (INR) Annapurneshwari Nagar West Bangalore 2 4.93 % 4.55 % - 5.35 % 21255 20380 - 22130 4621 4447 - 4795 Annapurneshwari Nagar West Bangalore 3 5.6 % 5.2 % - 6.04 % 30573 29306 - 31841 4683 4532 - 4833 Annapurneshwari Nagar West Bangalore Overall 4.76 % 4.44 % - 5.1 % 23718 22797 - 24638 4711 4599 - 4822 Arakere South Bangalore 2 4.42 % 4.11 % - 4.76 % 21242 20583 - 21901 4736 4553 - 4919 Arakere South Bangalore Overall 3.94 % 3.68 % - 4.22 % 20819 20217 - 21420 4928 4781 - 5075 Balagere East Bangalore 2 7.99 % 7.39 % - 8.63 % 28272 27032 - 29512 3584 3467 - 3700 Balagere East Bangalore 3 8.69 % 8.13 % - 9.29 % 35627 34666 - 36588 3470 3340 - 3599 Balagere East Bangalore Overall 8.44 % 7.96 % - 8.95 % 32058 31054 - 33062 3531 3445 - 3618 Banashankari Central Bangalore 2 3.7 % 3.43 % - 3.99 % 18312 17604 - 19021 5258 5089 - 5428 Banashankari Central Bangalore 3 4.57 % 4.21 % - 4.97 % 28053 26702 - 29403 5081 4930 - 5232 Banashankari Central Bangalore Overall 3.4 % 3.2 % - 3.61 % 19127 18534 - 19720 5144 5032 - 5256 Banaswadi North Bangalore 2 4.02 % 3.56 % - 4.54 % 22335 21149 - 23521 5166 4885 - 5447 Banaswadi North Bangalore 3 4.08 % 3.45 % - 4.79 % 26081 23516 - 28647 5344 5001 - 5687 Banaswadi North Bangalore Overall 3.75 % 3.41 % - 4.12 % 22420 21391 - 23449 5264 5053 - 5475 Bangalore City Municipal Corporation Layout South Bangalore 2 6.13 % 5.77 % - 6.5 % 21810 21135 - 22485 3815 3730 - 3901 Bangalore City Municipal Corporation Layout South Bangalore 3 6.1 % 5.47 % - 6.76 % 26252 24005 - 28499 3827 3715 - 3938 Bangalore City Municipal Corporation Layout South Bangalore Overall 5.96 % 5.61 % - 6.33 % 23277 22417 - 24138 3830 3762 - 3898 Basapura South Bangalore 2 6.92 % 6.55 % - 7.31 % 24941 24020 - 25861 3781 3716 - 3847 Basapura South Bangalore 3 6.5 % 6.16 % - 6.85 % 27752 26981 - 28522 3659 3581 - 3737 Basapura South Bangalore Overall 6.6 % 6.29 % - 6.92 % 25563 24778 - 26347 3740 3686 - 3794 Basaveshwara Nagar West Bangalore 2 3.89 % 3.52 % - 4.29 % 20927 19723 - 22132 5706 5551 - 5861 Basaveshwara Nagar West Bangalore 3 4.48 % 4.07 % - 4.93 % 29520 28121 - 30918 5695 5455 - 5935 Basaveshwara Nagar West Bangalore Overall 3.82 % 3.51 % - 4.15 % 22466 21411 - 23522 5701 5572 - 5830
  • 22. IREF Bengaluru Rental Yield Report |22 Locality Region BHK Avg. Rental Yield Range of Avg. Rental Yield Avg. Monthly Rent (INR) Range of Avg. Rent (INR) Avg. Rate per SqFt(INR) Range of Avg. Rate (INR) Battarahalli East Bangalore 2 4.5 % 4.04 % - 5 % 17087 16122 - 18051 4035 3836 - 4234 Battarahalli East Bangalore Overall 4.2 % 3.79 % - 4.66 % 17522 16576 - 18468 4051 3888 - 4214 Begur North Bangalore 2 5.42 % 5.09 % - 5.78 % 19141 18492 - 19791 3878 3774 - 3982 Begur North Bangalore 3 6.17 % 5.52 % - 6.88 % 28245 26163 - 30327 3760 3647 - 3872 Begur North Bangalore Overall 5 % 4.69 % - 5.32 % 19467 18820 - 20114 3851 3770 - 3932 Bellandur East Bangalore 2 5.97 % 5.65 % - 6.3 % 27140 26471 - 27808 4368 4254 - 4482 Bellandur East Bangalore 3 6.45 % 5.96 % - 6.99 % 32927 31737 - 34117 4207 3999 - 4415 Bellandur East Bangalore Overall 5.6 % 5.3 % - 5.91 % 26811 26053 - 27569 4317 4207 - 4426 Bikasipura South Bangalore 2 4.77 % 4.21 % - 5.39 % 21911 20512 - 23309 4804 4504 - 5105 Bikasipura South Bangalore Overall 4.78 % 4.29 % - 5.34 % 24196 22910 - 25482 4822 4604 - 5039 Bilekahalli South Bangalore Overall 4.39 % 3.98 % - 4.87 % 21153 20617 - 21690 5058 4760 - 5356 Bommanahalli South Bangalore 2 5.75 % 5.4 % - 6.12 % 23309 22541 - 24076 4224 4127 - 4321 Bommanahalli South Bangalore 3 4.83 % 4.47 % - 5.2 % 29818 28153 - 31483 4742 4657 - 4826 Bommanahalli South Bangalore Overall 4.05 % 3.84 % - 4.27 % 21490 20896 - 22084 4567 4497 - 4637 Bommasandra East Bangalore 2 6.67 % 6.25 % - 7.1 % 18048 17218 - 18878 2981 2936 - 3025 Bommasandra East Bangalore Overall 5.87 % 5.49 % - 6.27 % 16963 16264 - 17661 3092 3037 - 3147 BTM Layout South Bangalore 2 4.6 % 4.19 % - 5.07 % 23188 22601 - 23775 4859 4569 - 5149 BTM Layout South Bangalore 3 6.35 % 5.68 % - 7.09 % 34669 32754 - 36585 4360 4122 - 4598 BTM Layout South Bangalore Overall 3.67 % 3.45 % - 3.91 % 19293 18945 - 19640 4616 4426 - 4807 BTM Layout 1 South Bangalore Overall 2.76 % 2.55 % - 2.99 % 19950 19224 - 20675 NA NA Byadarahalli West Bangalore 2 3.54 % 2.94 % - 4.27 % 18279 16409 - 20148 NA NA Byadarahalli West Bangalore Overall 3.69 % 3.07 % - 4.43 % 18580 16712 - 20447 NA NA Byagadadenahalli South Bangalore Overall 8.35 % 6.5 % - 10.65 % 25229 21729 - 28729 3037 2886 - 3188 C V Raman Nagar East Bangalore 2 5.11 % 4.66 % - 5.62 % 21748 20835 - 22661 4479 4304 - 4653 C V Raman Nagar East Bangalore Overall 4.53 % 4.15 % - 4.96 % 21431 20618 - 22243 4445 4299 - 4591 Chambenahalli East Bangalore 2 10.24 % 9.46 % - 11.07 % 30781 29604 - 31958 3513 3416 - 3610
  • 23. IREF Bengaluru Rental Yield Report |23 Locality Region BHK Avg. Rental Yield Range of Avg. Rental Yield Avg. Monthly Rent (INR) Range of Avg. Rent (INR) Avg. Rate per SqFt(INR) Range of Avg. Rate (INR) Chambenahalli East Bangalore Overall 10.33 % 9.6 % - 11.12 % 31142 30019 - 32265 3484 3392 - 3577 Chandra Layout Extension West Bangalore 2 4.03 % 3.6 % - 4.49 % 20766 19352 - 22180 5472 5313 - 5632 Chandra Layout Extension West Bangalore Overall 4 % 3.58 % - 4.46 % 20810 19367 - 22254 5480 5335 - 5625 Chansandra South Bangalore 2 7.05 % 6.24 % - 7.88 % 25100 22632 - 27569 3723 3654 - 3791 Chansandra South Bangalore Overall 5.23 % 4.75 % - 5.74 % 19166 17764 - 20567 3732 3670 - 3794 Chikkakannalli South Bangalore 2 7.76 % 7.09 % - 8.48 % 28852 27261 - 30443 3859 3768 - 3949 Chikkakannalli South Bangalore 3 7.34 % 6.8 % - 7.94 % 36845 36120 - 37570 4378 4172 - 4584 Chikkakannalli South Bangalore Overall 7.78 % 7.23 % - 8.38 % 34508 33516 - 35500 4146 4023 - 4268 Chikkalasandra South Bangalore 2 4.42 % 3.91 % - 4.99 % 17910 16788 - 19032 4234 4045 - 4424 Chikkalasandra South Bangalore 3 5.54 % 4.96 % - 6.17 % 26255 24442 - 28068 4068 3949 - 4187 Chikkalasandra South Bangalore Overall 4.08 % 3.7 % - 4.49 % 18580 17532 - 19627 4163 4057 - 4270 Chokkanahalli North Bangalore 2 5.91 % 5.44 % - 6.4 % 27002 25391 - 28614 4455 4370 - 4540 Chokkanahalli North Bangalore Overall 5.55 % 5.07 % - 6.06 % 27397 25547 - 29247 4571 4496 - 4645 Choodasandra East Bangalore 2 6.1 % 5.4 % - 6.92 % 22972 21775 - 24168 3848 3646 - 4050 Choodasandra East Bangalore Overall 4.95 % 4.43 % - 5.53 % 21936 20863 - 23009 3856 3713 - 3998 Choudadenahalli South Bangalore 2 8.35 % 7.78 % - 8.94 % 29492 28049 - 30934 3700 3602 - 3799 Choudadenahalli South Bangalore Overall 8.22 % 7.62 % - 8.85 % 30245 28773 - 31716 3743 3645 - 3840 Dasarahalli North Bangalore Overall 4.38 % 3.86 % - 4.95 % 21093 19528 - 22658 4462 4191 - 4733 Devarachikkana Halli South Bangalore 2 6.51 % 5.87 % - 7.19 % 23873 22221 - 25525 3839 3714 - 3963 Devarachikkana Halli South Bangalore 3 6.61 % 5.73 % - 7.59 % 32961 29895 - 36028 3994 3807 - 4181 Devarachikkana Halli South Bangalore Overall 6.02 % 5.47 % - 6.61 % 24813 23260 - 26366 3891 3788 - 3995 Devinagar North Bangalore 2 3.53 % 3.03 % - 4.09 % 19355 17765 - 20945 4920 4699 - 5142 Devinagar North Bangalore Overall 3.36 % 2.91 % - 3.86 % 20376 18600 - 22151 4837 4684 - 4990 Doddabommasand ra North Bangalore Overall 3.01 % 2.29 % - 3.96 % 17361 15084 - 19637 5058 4512 - 5604 Doddakannelli East Bangalore Overall 5.01 % 4.34 % - 5.75 % 24431 22197 - 26666 4667 4453 - 4881 Doddanekundi East Bangalore 2 6.2 % 5.57 % - 6.93 % 23221 22330 - 24111 3821 3614 - 4028
  • 24. IREF Bengaluru Rental Yield Report |24 Locality Region BHK Avg. Rental Yield Range of Avg. Rental Yield Avg. Monthly Rent (INR) Range of Avg. Rent (INR) Avg. Rate per SqFt(INR) Range of Avg. Rate (INR) Doddanekundi East Bangalore Overall 5.33 % 4.78 % - 5.98 % 21724 21008 - 22439 4057 3823 - 4292 Electronic City South Bangalore 1 7.2 % 6.3 % - 8.29 % 12613 12145 - 13082 3302 2953 - 3652 Electronic City South Bangalore 2 7.2 % 7.03 % - 7.37 % 20782 20530 - 21034 3196 3160 - 3231 Electronic City South Bangalore 3 6.96 % 6.64 % - 7.29 % 25186 24592 - 25781 3181 3114 - 3248 Electronic City South Bangalore Overall 6.91 % 6.74 % - 7.08 % 21060 20783 - 21337 3199 3168 - 3231 Gnana Bharathi West Bangalore 2 4.76 % 4.23 % - 5.34 % 21301 19697 - 22904 4653 4470 - 4835 Gnana Bharathi West Bangalore 3 5.27 % 4.81 % - 5.78 % 27058 25885 - 28232 4340 4122 - 4559 Gnana Bharathi West Bangalore Overall 4.81 % 4.39 % - 5.25 % 23193 21935 - 24451 4523 4387 - 4659 Gottigere South Bangalore 2 5.14 % 4.71 % - 5.6 % 19559 18740 - 20378 4080 3919 - 4240 Gottigere South Bangalore 3 5.81 % 5.26 % - 6.39 % 26099 24454 - 27744 3919 3787 - 4052 Gottigere South Bangalore Overall 4.88 % 4.55 % - 5.23 % 20378 19595 - 21161 4025 3922 - 4127 Gunjur Palya East Bangalore 2 7.62 % 7.19 % - 8.08 % 21952 21478 - 22425 3311 3219 - 3403 Gunjur Palya East Bangalore Overall 7.2 % 6.58 % - 7.89 % 21323 20547 - 22100 3348 3277 - 3418 Halanayakanahalli East Bangalore 2 7.82 % 7.1 % - 8.6 % 29984 28447 - 31521 4149 4010 - 4288 Halanayakanahalli East Bangalore Overall 7.18 % 6.52 % - 7.89 % 29476 27865 - 31086 4223 4110 - 4335 Hallehalli East Bangalore 2 5.78 % 5.06 % - 6.6 % 18440 17193 - 19687 3451 3235 - 3666 Hallehalli East Bangalore 3 6.51 % 5.91 % - 7.15 % 23585 22027 - 25143 3160 3044 - 3275 Hallehalli East Bangalore Overall 6.09 % 5.56 % - 6.66 % 20683 19606 - 21759 3312 3179 - 3445 Harlur South Bangalore 2 6.97 % 6.15 % - 7.89 % 30311 28297 - 32325 4249 4105 - 4392 Harlur South Bangalore 3 7.61 % 7.04 % - 8.24 % 37637 36607 - 38668 NA NA Harlur South Bangalore Overall 7.13 % 6.48 % - 7.83 % 32321 30736 - 33906 4299 4160 - 4437 HBR Layout North Bangalore 2 5.26 % 4.98 % - 5.55 % 24966 24138 - 25795 4805 4722 - 4888 HBR Layout North Bangalore 3 5.12 % 4.69 % - 5.59 % 30019 28382 - 31657 4814 4668 - 4961 HBR Layout North Bangalore Overall 4.88 % 4.65 % - 5.13 % 25003 24272 - 25733 4811 4739 - 4883 Hebbal North Bangalore 2 3.94 % 3.54 % - 4.38 % 19194 18363 - 20026 5015 4756 - 5275 Hebbal North Bangalore Overall 3.65 % 3.33 % - 4.01 % 20387 19553 - 21220 4978 4805 - 5150
  • 25. IREF Bengaluru Rental Yield Report |25 Locality Region BHK Avg. Rental Yield Range of Avg. Rental Yield Avg. Monthly Rent (INR) Range of Avg. Rent (INR) Avg. Rate per SqFt(INR) Range of Avg. Rate (INR) Hebbal Kempapura North Bangalore 2 4.82 % 4.46 % - 5.2 % 21416 20384 - 22449 4762 4603 - 4921 Hebbal Kempapura North Bangalore 3 5.14 % 4.52 % - 5.86 % 29300 27445 - 31155 NA NA Hebbal Kempapura North Bangalore Overall 4.8 % 4.41 % - 5.22 % 22640 21520 - 23761 4770 4622 - 4919 Hegganahalli West Bangalore 2 3.91 % 3.57 % - 4.26 % 17003 15879 - 18127 4445 4362 - 4527 Hegganahalli West Bangalore Overall 3.2 % 2.95 % - 3.46 % 14301 13550 - 15052 4478 4388 - 4569 Hennur North Bangalore 2 5.18 % 4.71 % - 5.71 % 22390 21440 - 23340 4081 3962 - 4200 Hennur North Bangalore 3 5.38 % 4.73 % - 6.11 % 26000 23967 - 28033 4067 3888 - 4246 Hennur North Bangalore Overall 5.15 % 4.76 % - 5.57 % 23328 22442 - 24213 4131 4029 - 4234 Hongasandra South Bangalore 2 5.46 % 5.06 % - 5.9 % 19495 18821 - 20169 3826 3703 - 3950 Hongasandra South Bangalore Overall 3.75 % 3.48 % - 4.05 % 15499 15152 - 15846 3915 3790 - 4040 Hoodi East Bangalore 3 5.13 % 4.51 % - 5.84 % 34107 31990 - 36224 NA NA Hoodi East Bangalore Overall 4.66 % 4.12 % - 5.28 % 28612 27145 - 30080 5433 5174 - 5691 Hormavu North Bangalore 2 5.54 % 5.29 % - 5.8 % 22109 21406 - 22813 4123 4064 - 4182 Hormavu North Bangalore 3 5.7 % 5.34 % - 6.09 % 29458 28275 - 30640 4158 4053 - 4263 Hormavu North Bangalore Overall 5.42 % 5.19 % - 5.66 % 23362 22677 - 24047 4188 4136 - 4241 Hosakerehalli South Bangalore 2 3.63 % 3.06 % - 4.24 % 14231 12451 - 16012 4106 3976 - 4235 Hosakerehalli South Bangalore Overall 3.53 % 3.1 % - 3.98 % 15588 14119 - 17057 4105 4019 - 4191 Hoskote East Bangalore Overall 6.53 % 5.25 % - 7.98 % 22561 19246 - 25876 3355 3293 - 3416 HSR Layout South Bangalore 2 5.09 % 4.81 % - 5.4 % 27835 27498 - 28172 5790 5590 - 5991 HSR Layout South Bangalore Overall 4.42 % 4.19 % - 4.67 % 25467 25186 - 25748 5679 5509 - 5848 Hulimavu South Bangalore 2 5.7 % 5.27 % - 6.17 % 21130 20064 - 22197 3950 3868 - 4031 Hulimavu South Bangalore 3 5.17 % 4.59 % - 5.81 % 27415 25204 - 29626 4267 4126 - 4409 Hulimavu South Bangalore Overall 4.78 % 4.45 % - 5.12 % 19311 18569 - 20052 4033 3958 - 4109 Jakkuru North Bangalore 2 3.67 % 3.38 % - 3.97 % 19712 18541 - 20883 5470 5357 - 5583 Jakkuru North Bangalore 3 4.37 % 3.99 % - 4.76 % 28083 26116 - 30050 5484 5382 - 5586 Jakkuru North Bangalore Overall 3.76 % 3.49 % - 4.04 % 22700 21414 - 23987 5484 5408 - 5560
  • 26. IREF Bengaluru Rental Yield Report |26 Locality Region BHK Avg. Rental Yield Range of Avg. Rental Yield Avg. Monthly Rent (INR) Range of Avg. Rent (INR) Avg. Rate per SqFt(INR) Range of Avg. Rate (INR) Jalahalli East North Bangalore 2 4.13 % 3.41 % - 4.95 % 17946 15772 - 20121 NA NA Jalahalli East North Bangalore Overall 4.04 % 3.39 % - 4.79 % 17845 15840 - 19850 NA NA Jalahalli West North Bangalore 2 5.27 % 4.79 % - 5.79 % 18178 17187 - 19170 3711 3624 - 3798 Jalahalli West North Bangalore Overall 5.07 % 4.64 % - 5.53 % 19299 18235 - 20364 3681 3599 - 3762 Jayanagar South Bangalore Overall 3.97 % 3.4 % - 4.66 % 25032 23723 - 26342 NA NA Jinkethimmanahall i East Bangalore 2 4.27 % 3.75 % - 4.83 % 17653 16146 - 19161 4426 4264 - 4588 Jinkethimmanahall i East Bangalore Overall 4.3 % 3.82 % - 4.82 % 18005 16670 - 19340 4447 4284 - 4611 Jnana Ganga Nagar West Bangalore 2 4.22 % 3.7 % - 4.78 % 20535 19034 - 22036 NA NA Jnana Ganga Nagar West Bangalore Overall 4.12 % 3.71 % - 4.56 % 21685 20348 - 23021 4672 4457 - 4887 JP Nagar South Bangalore 2 4.49 % 4.28 % - 4.7 % 20432 19937 - 20927 4701 4601 - 4801 JP Nagar South Bangalore 3 4.82 % 4.52 % - 5.12 % 27837 26737 - 28938 4713 4588 - 4838 JP Nagar South Bangalore Overall 3.99 % 3.82 % - 4.16 % 20629 20182 - 21076 4759 4682 - 4836 K R Puram East Bangalore 2 5.24 % 4.98 % - 5.52 % 20207 19624 - 20790 4018 3932 - 4104 K R Puram East Bangalore 3 5.59 % 5.23 % - 5.97 % 27454 26485 - 28422 3974 3866 - 4082 K R Puram East Bangalore Overall 5.2 % 4.95 % - 5.45 % 22436 21858 - 23013 4028 3961 - 4096 Kada Agrahara South Bangalore 2 10.33 % 9.56 % - 11.14 % 31330 29680 - 32980 3223 3047 - 3400 Kada Agrahara South Bangalore Overall 10.19 % 9.15 % - 11.34 % 30472 28639 - 32305 3196 3061 - 3331 Kadubeesanahalli East Bangalore 2 6.31 % 5.83 % - 6.85 % 26896 25900 - 27892 4310 4166 - 4455 Kadubeesanahalli East Bangalore Overall 5.8 % 5.38 % - 6.24 % 25734 24770 - 26698 4263 4134 - 4392 Kadugodi East Bangalore 2 6.42 % 5.95 % - 6.93 % 22980 22154 - 23806 3752 3618 - 3887 Kadugodi East Bangalore 3 6 % 5.36 % - 6.73 % 28665 27297 - 30034 3879 3685 - 4073 Kadugodi East Bangalore Overall 5.28 % 4.89 % - 5.72 % 21848 21077 - 22618 3743 3633 - 3852 Kaggadasapura East Bangalore 2 5.5 % 5.24 % - 5.78 % 20897 20430 - 21363 4055 3959 - 4150 Kaggadasapura East Bangalore 3 5.5 % 4.92 % - 6.14 % 26252 24479 - 28026 3949 3832 - 4066 Kaggadasapura East Bangalore Overall 5.05 % 4.8 % - 5.32 % 20757 20261 - 21252 4042 3960 - 4123 Kaikondrahalli East Bangalore 2 5.43 % 5.04 % - 5.86 % 26775 26006 - 27544 5167 4880 - 5454
  • 27. IREF Bengaluru Rental Yield Report |27 Locality Region BHK Avg. Rental Yield Range of Avg. Rental Yield Avg. Monthly Rent (INR) Range of Avg. Rent (INR) Avg. Rate per SqFt(INR) Range of Avg. Rate (INR) Kaikondrahalli East Bangalore Overall 5.5 % 5.02 % - 6.03 % 29339 28086 - 30591 5242 5002 - 5483 Kalena Agrahara South Bangalore 2 4.5 % 3.95 % - 5.15 % 19288 18192 - 20385 4625 4252 - 4998 Kalena Agrahara South Bangalore Overall 4.24 % 3.75 % - 4.78 % 20472 19133 - 21812 4543 4306 - 4779 Kalkere North Bangalore 2 5.17 % 4.67 % - 5.73 % 22530 21347 - 23713 4502 4257 - 4748 Kalkere North Bangalore Overall 4.33 % 3.94 % - 4.76 % 22220 21037 - 23404 4349 4189 - 4509 Kalyan Nagar North Bangalore 2 4.95 % 4.28 % - 5.72 % 28541 26532 - 30549 5283 4895 - 5670 Kalyan Nagar North Bangalore Overall 4.81 % 4.26 % - 5.42 % 28852 27096 - 30607 5418 5138 - 5698 Kamla Nagar West Bangalore 2 4.85 % 3.98 % - 5.88 % 19161 17070 - 21252 4616 4348 - 4884 Kamla Nagar West Bangalore Overall 4.1 % 3.34 % - 5.03 % 19784 17826 - 21743 5001 4703 - 5298 Kasavanahalli East Bangalore 2 6.91 % 6.35 % - 7.53 % 28916 27757 - 30075 4194 4033 - 4355 Kasavanahalli East Bangalore 3 6.71 % 5.91 % - 7.65 % 35445 33698 - 37192 4383 4123 - 4643 Kasavanahalli East Bangalore Overall 6.76 % 6.22 % - 7.36 % 30715 29510 - 31920 4261 4125 - 4396 Kaval Byrasandra North Bangalore 2 5.2 % 4.41 % - 6.17 % 20812 19438 - 22185 4486 4163 - 4809 Kaval Byrasandra North Bangalore Overall 4.85 % 4.21 % - 5.6 % 21449 20126 - 22772 4665 4402 - 4928 Kengeri Satellite Town West Bangalore 2 5.32 % 5.09 % - 5.56 % 21767 21235 - 22299 4400 4322 - 4477 Kengeri Satellite Town West Bangalore 3 5.16 % 4.76 % - 5.57 % 27582 26151 - 29012 4472 4361 - 4584 Kengeri Satellite Town West Bangalore Overall 4.95 % 4.72 % - 5.19 % 22914 22263 - 23565 4429 4366 - 4492 Kodipur South Bangalore 2 5.51 % 4.95 % - 6.1 % 20358 18815 - 21900 3960 3860 - 4059 Kodipur South Bangalore Overall 5.38 % 4.88 % - 5.92 % 21593 20229 - 22957 4175 4064 - 4287 Konanakunte South Bangalore 2 5.54 % 4.92 % - 6.21 % 20835 19294 - 22375 3861 3689 - 4034 Konanakunte South Bangalore 3 4.96 % 4.47 % - 5.5 % 25304 23830 - 26779 4154 3916 - 4392 Konanakunte South Bangalore Overall 5.11 % 4.63 % - 5.64 % 21667 20425 - 22909 3986 3843 - 4129 Koramangala South Bangalore 2 4.74 % 4.32 % - 5.23 % 27660 26868 - 28452 5473 5151 - 5794 Koramangala South Bangalore Overall 3.87 % 3.54 % - 4.26 % 23279 22728 - 23830 5403 5113 - 5692 Kudlu South Bangalore 2 7.09 % 6.23 % - 8.04 % 28722 26580 - 30863 4006 3806 - 4206 Kudlu South Bangalore Overall 6.82 % 6.11 % - 7.6 % 30644 28711 - 32577 3975 3829 - 4122
  • 28. IREF Bengaluru Rental Yield Report |28 Locality Region BHK Avg. Rental Yield Range of Avg. Rental Yield Avg. Monthly Rent (INR) Range of Avg. Rent (INR) Avg. Rate per SqFt(INR) Range of Avg. Rate (INR) Kumaraswamy Layout South Bangalore 2 3.79 % 3.53 % - 4.06 % 19145 18298 - 19992 5201 5032 - 5370 Kumaraswamy Layout South Bangalore 3 4.25 % 3.65 % - 4.92 % 23956 21470 - 26441 4848 4592 - 5104 Kumaraswamy Layout South Bangalore Overall 3.52 % 3.28 % - 3.78 % 18832 18046 - 19619 4996 4853 - 5139 Mahadevapura East Bangalore 2 4.82 % 4.44 % - 5.25 % 22844 22074 - 23615 4626 4426 - 4826 Mahadevapura East Bangalore 3 5.02 % 4.52 % - 5.59 % 29151 27815 - 30486 4747 4497 - 4998 Mahadevapura East Bangalore Overall 4.34 % 4.05 % - 4.65 % 22414 21756 - 23073 4695 4548 - 4842 Mailasandra South Bangalore 2 5.5 % 4.76 % - 6.31 % 23663 21301 - 26026 4527 4310 - 4745 Mailasandra South Bangalore Overall 5.47 % 4.76 % - 6.24 % 26672 24184 - 29159 4237 4081 - 4394 Mallathahalli West Bangalore 2 5.66 % 5.04 % - 6.33 % 23555 21839 - 25271 4510 4318 - 4703 Mallathahalli West Bangalore Overall 5.14 % 4.57 % - 5.77 % 23813 22117 - 25509 4596 4435 - 4756 Marathahalli East Bangalore Overall 4.56 % 4.04 % - 5.2 % 23862 23343 - 24380 4773 4414 - 5131 Margondanahalli North Bangalore 2 3.3 % 2.83 % - 3.81 % 16337 14571 - 18103 5379 5197 - 5561 Margondanahalli North Bangalore Overall 2.67 % 2.31 % - 3.07 % 14385 12964 - 15805 5228 5036 - 5419 Muneshwara Nagar South Bangalore 2 6.54 % 5.81 % - 7.36 % 24612 23118 - 26106 NA NA Muneshwara Nagar South Bangalore Overall 4.5 % 3.93 % - 5.17 % 22140 20955 - 23324 4421 4175 - 4667 Munnekollal East Bangalore 2 5.79 % 5.24 % - 6.44 % 24495 23944 - 25046 4021 3768 - 4273 Munnekollal East Bangalore Overall 4.86 % 4.43 % - 5.35 % 22028 21623 - 22433 4092 3863 - 4320 Nagarbhavi West Bangalore 2 3.63 % 3.29 % - 3.99 % 19531 18519 - 20542 5191 4998 - 5385 Nagarbhavi West Bangalore 3 4.52 % 3.84 % - 5.28 % 26813 23866 - 29760 4918 4658 - 5178 Nagarbhavi West Bangalore Overall 3.62 % 3.33 % - 3.94 % 20546 19548 - 21543 5158 5001 - 5315 Nagasandra North Bangalore 2 6.18 % 5.74 % - 6.65 % 20739 19680 - 21798 3794 3720 - 3868 Nagasandra North Bangalore 3 5.72 % 5.12 % - 6.42 % 25401 24358 - 26445 4054 3751 - 4357 Nagasandra North Bangalore Overall 5.84 % 5.31 % - 6.41 % 21442 20108 - 22775 3873 3779 - 3967 Nagavara North Bangalore 2 4.08 % 3.77 % - 4.44 % 22246 21718 - 22773 5502 5251 - 5754 Nagavara North Bangalore Overall 4.13 % 3.85 % - 4.45 % 24100 23504 - 24696 5441 5260 - 5622 Nandini Layout North Bangalore 2 3.52 % 3.19 % - 3.87 % 19618 18381 - 20854 5596 5477 - 5714
  • 29. IREF Bengaluru Rental Yield Report |29 Locality Region BHK Avg. Rental Yield Range of Avg. Rental Yield Avg. Monthly Rent (INR) Range of Avg. Rent (INR) Avg. Rate per SqFt(INR) Range of Avg. Rate (INR) Nandini Layout North Bangalore 3 4.78 % 4.44 % - 5.14 % 30832 29507 - 32157 5264 5091 - 5437 Nandini Layout North Bangalore Overall 3.41 % 3.14 % - 3.69 % 20688 19564 - 21812 5411 5301 - 5521 Narayanapura North Bangalore 2 5.08 % 4.59 % - 5.6 % 21707 20295 - 23120 4386 4272 - 4500 Narayanapura North Bangalore Overall 5.3 % 4.73 % - 5.9 % 25642 23650 - 27635 4405 4326 - 4484 Nayandahalli South Bangalore 2 5.16 % 4.73 % - 5.61 % 24779 23015 - 26542 4669 4598 - 4739 Nayandahalli South Bangalore 3 5.38 % 4.91 % - 5.87 % 31656 29221 - 34091 4827 4755 - 4899 Nayandahalli South Bangalore Overall 5.12 % 4.71 % - 5.53 % 26883 25218 - 28548 4738 4686 - 4790 Nehru Nagar North Bangalore 2 5.57 % 5.11 % - 6.06 % 25947 24160 - 27733 4668 4568 - 4768 Nehru Nagar North Bangalore 3 5.81 % 5.33 % - 6.3 % 32609 30472 - 34746 4574 4476 - 4672 Nehru Nagar North Bangalore Overall 5.6 % 5.22 % - 5.99 % 28562 27012 - 30112 4625 4553 - 4696 Panathur East Bangalore 2 6.24 % 5.99 % - 6.49 % 29126 28440 - 29812 4305 4244 - 4365 Panathur East Bangalore 3 6.13 % 5.78 % - 6.5 % 32593 31475 - 33710 4287 4207 - 4367 Panathur East Bangalore Overall 5.89 % 5.65 % - 6.14 % 28634 27867 - 29401 4302 4254 - 4351 Panduranga Nagar South Bangalore Overall 4.55 % 3.82 % - 5.47 % 22627 21219 - 24036 4868 4492 - 5245 R.K. Hegde Nagar North Bangalore 2 5.04 % 4.54 % - 5.59 % 21452 19929 - 22976 4425 4272 - 4577 R.K. Hegde Nagar North Bangalore 3 5.06 % 4.28 % - 5.9 % 27765 24366 - 31165 4585 4382 - 4788 R.K. Hegde Nagar North Bangalore Overall 4.87 % 4.42 % - 5.35 % 22562 21121 - 24004 4484 4363 - 4605 Rajajinagar Central Bangalore 2 3.73 % 3.45 % - 4.01 % 20879 19824 - 21933 5804 5719 - 5888 Rajajinagar Central Bangalore Overall 3.5 % 3.24 % - 3.77 % 20578 19514 - 21643 5677 5591 - 5762 Ramamurthy Nagar East Bangalore 2 4.39 % 4.07 % - 4.73 % 18733 18111 - 19356 4458 4296 - 4621 Ramamurthy Nagar East Bangalore 3 5.08 % 4.46 % - 5.74 % 25555 23059 - 28051 4380 4163 - 4597 Ramamurthy Nagar East Bangalore Overall 4.21 % 3.9 % - 4.53 % 18753 18128 - 19377 4385 4247 - 4522 Rayasandra South Bangalore Overall 3.89 % 3.31 % - 4.56 % 21298 19480 - 23115 NA NA RMV Extension Stage 2 North Bangalore 2 3.7 % 3.3 % - 4.13 % 22121 20635 - 23607 6078 5828 - 6328 RMV Extension Stage 2 North Bangalore Overall 3.48 % 3.14 % - 3.84 % 21601 20201 - 23000 5741 5548 - 5933 RR Nagar South Bangalore 2 5.44 % 5.28 % - 5.61 % 23065 22593 - 23537 4322 4279 - 4364
  • 30. IREF Bengaluru Rental Yield Report |30 Locality Region BHK Avg. Rental Yield Range of Avg. Rental Yield Avg. Monthly Rent (INR) Range of Avg. Rent (INR) Avg. Rate per SqFt(INR) Range of Avg. Rate (INR) RR Nagar South Bangalore 3 5.64 % 5.44 % - 5.85 % 30077 29403 - 30750 4406 4347 - 4465 RR Nagar South Bangalore Overall 5.37 % 5.21 % - 5.52 % 25368 24892 - 25844 4363 4328 - 4398 S.Medihalli South Bangalore 2 8.75 % 7.11 % - 10.59 % 26280 22557 - 30004 3049 2888 - 3211 S.Medihalli South Bangalore Overall 7.91 % 6.72 % - 9.24 % 26468 23727 - 29209 3078 2958 - 3199 Sanjay Nagar North Bangalore 2 4.86 % 4.54 % - 5.2 % 24738 23735 - 25742 5691 5562 - 5821 Sanjay Nagar North Bangalore Overall 4.95 % 4.57 % - 5.36 % 25339 24092 - 26585 5693 5573 - 5813 Singasandra South Bangalore 2 5.79 % 5.41 % - 6.19 % 22433 21589 - 23277 4050 3949 - 4150 Singasandra South Bangalore 3 6.61 % 5.93 % - 7.36 % 30697 28793 - 32601 3809 3698 - 3921 Singasandra South Bangalore Overall 5.4 % 5.04 % - 5.78 % 22514 21583 - 23444 3958 3880 - 4036 Somasundarapalya South Bangalore 2 6.95 % 6.28 % - 7.69 % 28150 26998 - 29302 4020 3791 - 4249 Somasundarapalya South Bangalore Overall 6.26 % 5.55 % - 7.09 % 28677 27339 - 30015 4115 3919 - 4310 Sompura East Bangalore 2 6.89 % 5.87 % - 8.02 % 20464 18297 - 22632 NA NA Sompura East Bangalore Overall 7.23 % 6.21 % - 8.36 % 22990 20696 - 25283 3377 3152 - 3602 Srinivaspura South Bangalore 2 6.19 % 5.82 % - 6.59 % 23794 22926 - 24662 4086 3993 - 4179 Srinivaspura South Bangalore 3 6.38 % 5.89 % - 6.91 % 29699 28221 - 31177 4013 3897 - 4128 Srinivaspura South Bangalore Overall 6.29 % 5.95 % - 6.64 % 26530 25657 - 27402 4054 3983 - 4126 Subramanyapura South Bangalore 2 4.06 % 3.65 % - 4.48 % 16645 15296 - 17993 4187 4095 - 4280 Subramanyapura South Bangalore 3 3.64 % 3.14 % - 4.16 % 19378 17226 - 21529 4356 4249 - 4463 Subramanyapura South Bangalore Overall 3.69 % 3.37 % - 4.02 % 17421 16255 - 18587 4295 4225 - 4365 Sunkadakatte West Bangalore 2 3.96 % 3.54 % - 4.42 % 18502 17442 - 19562 4599 4344 - 4854 Sunkadakatte West Bangalore Overall 3.46 % 3.12 % - 3.83 % 17999 17022 - 18976 4631 4430 - 4831 Sunkalpalya South Bangalore Overall 5.76 % 5.01 % - 6.59 % 23053 20880 - 25225 3781 3646 - 3916 Tejaswini Nagar South Bangalore Overall 5.8 % 4.99 % - 6.7 % 25449 23214 - 27685 3720 3581 - 3859 Thanisandra North Bangalore 2 4.86 % 4.47 % - 5.26 % 22139 20784 - 23494 4612 4508 - 4716 Thanisandra North Bangalore 3 5.39 % 4.86 % - 5.96 % 30185 28046 - 32325 4551 4405 - 4697 Thanisandra North Bangalore Overall 4.83 % 4.45 % - 5.23 % 23959 22543 - 25374 4576 4494 - 4659
  • 31. IREF Bengaluru Rental Yield Report |31 Locality Region BHK Avg. Rental Yield Range of Avg. Rental Yield Avg. Monthly Rent (INR) Range of Avg. Rent (INR) Avg. Rate per SqFt(INR) Range of Avg. Rate (INR) Thyvakanahally South Bangalore Overall 8.52 % 7.66 % - 9.46 % 27805 26169 - 29441 3361 3185 - 3537 Uttarahalli South Bangalore 2 4.66 % 4.16 % - 5.22 % 20328 19160 - 21495 4126 3952 - 4299 Uttarahalli South Bangalore 3 4.69 % 4.34 % - 5.07 % 28741 27729 - 29754 4823 4684 - 4962 Uttarahalli South Bangalore Overall 4.59 % 4.24 % - 4.97 % 25173 24165 - 26181 4596 4479 - 4712 Varthur East Bangalore 2 6.71 % 6.14 % - 7.32 % 22319 20956 - 23682 3494 3422 - 3566 Varthur East Bangalore 3 7.55 % 6.86 % - 8.29 % 30277 28716 - 31838 3594 3443 - 3745 Varthur East Bangalore Overall 6.8 % 6.27 % - 7.37 % 24508 23192 - 25824 3535 3464 - 3606 Veerasagara North Bangalore Overall 8.14 % 7.46 % - 8.85 % 33218 31128 - 35308 3846 3782 - 3909 Vidyaranyapura North Bangalore 2 4.03 % 3.7 % - 4.36 % 18671 17501 - 19842 4763 4672 - 4854 Vidyaranyapura North Bangalore Overall 3.51 % 3.26 % - 3.77 % 17480 16535 - 18424 4636 4557 - 4715 Vijayanagar West Bangalore 3 3.97 % 3.28 % - 4.78 % 25211 22499 - 27923 5791 5484 - 6099 Vijayanagar West Bangalore Overall 2.89 % 2.6 % - 3.21 % 17502 16759 - 18246 5690 5435 - 5946 Virupakshapura North Bangalore Overall 3.41 % 2.88 % - 4.06 % 16320 15186 - 17454 4516 4287 - 4746 Voderahalli North Bangalore Overall 5.52 % 4.17 % - 7.01 % 27504 21795 - 33214 4241 4069 - 4413 Volagerekallahalli West Bangalore 2 10.37 % 9.44 % - 11.37 % 34014 31954 - 36075 3270 3175 - 3366 Volagerekallahalli West Bangalore Overall 10 % 9.24 % - 10.81 % 34390 32791 - 35988 3278 3197 - 3360 Whitefield East Bangalore 2 6.2 % 5.99 % - 6.42 % 24910 24451 - 25369 4046 3981 - 4110 Whitefield East Bangalore 3 5.97 % 5.7 % - 6.26 % 30558 29809 - 31307 4146 4057 - 4234 Whitefield East Bangalore Overall 5.5 % 5.31 % - 5.69 % 24812 24366 - 25258 4095 4043 - 4147 Yelahanka North Bangalore 2 3.84 % 3.24 % - 4.54 % 18040 16367 - 19714 4542 4278 - 4806 Yelahanka North Bangalore 3 5.15 % 4.66 % - 5.69 % 28003 26344 - 29663 4631 4476 - 4787 Yelahanka North Bangalore Overall 4.45 % 4.02 % - 4.92 % 23330 21876 - 24785 4639 4508 - 4771 Yelahanka New Town North Bangalore 2 5.7 % 4.81 % - 6.67 % 24130 21259 - 27001 4547 4433 - 4661 Yelahanka New Town North Bangalore Overall 5.45 % 4.52 % - 6.52 % 23132 20431 - 25832 4476 4359 - 4593 Yeshwanthpur North Bangalore 2 4.3 % 4.02 % - 4.59 % 24882 23709 - 26055 5522 5451 - 5594 Yeshwanthpur North Bangalore 3 4.74 % 4.17 % - 5.32 % 30201 27089 - 33312 5111 4973 - 5249
  • 32. IREF Bengaluru Rental Yield Report |32 Locality Region BHK Avg. Rental Yield Range of Avg. Rental Yield Avg. Monthly Rent (INR) Range of Avg. Rent (INR) Avg. Rate per SqFt(INR) Range of Avg. Rate (INR) Yeshwanthpur North Bangalore Overall 4.19 % 3.94 % - 4.45 % 25007 23839 - 26175 5358 5290 - 5425