JP Nagar is one of the fastest developing areas and has healthy demands for property rentals. JP Nagar or Jayaprakash Narayan Nagar is a residential area situated towards south Bangalore. It is close to prime neighbourhoods such as BTM Layout, Bannerghatta Road, Banashankari and Jayanagar.
JP Nagar was developed under the tenure of CM Ramakrishna Hegde and is a BDA approved and designed layout. It has several independent villas and apartments, apart from commercial establishments. It was developed as an extension of Banashankari and Jayanagar for accommodating the burgeoning population of the city. Flats for rent in JP Nagar Bangalore increased as supply in prime neighbourhoods such as BTM Layout and Jayanagar were exhausted. Mostly local Kannadigas dominate the population of the neighbourhood also the numbers of migrants are increasing. The neighbourhood has well-developed social infrastructure such as wide roads, lakes and parks and water supply from the BWSSB.
JP Nagar is an affluent neighbourhood as many performing artistes live here. The renowned arts theatre, Ranga Shankara is also situated here. A branch of the Aurobindo Ashram, in Pondicherry is located here. There are several educational institutions located in JP Nagar such as Frank Public School, St. Paul’s English School, RV Dental College and The Oxford Education Society. Prominent eateries of the neighbourhood include Vinayaka Cafe, Tacobell, 24th Main Hotel, Aurick Boutique Hotel and Barbecue Nation.
The demand is high for flats for rent in JP Nagar Bangalore is because of its proximity to IT dominated areas, the Majestic Bus Stand (around 12 kilometres away) and Electronics City which is 20 kilometres away from here. JP Nagar is divided into several phases, the 7th and 8th being the most rapidly growing ones. Property developers such as the Brigade Group have several under construction projects here. The calm surroundings and easy availability of properties have made JP Nagar a home seeker’s paradise. Convenience stores, markets and banks are also located in the vicinity.
The rental returns from JP Nagar is also quite high. Flats for rent in JP Nagar are available mostly in the 2BHK configuration. For a flat measuring 800 to 1200 sq ft of this variety, the rent payable is between Rs 15,000 and 25,000. The value of rent is higher in the 7th and 8th Phase rather than the 1st phase currently. The flats here are rented by mostly those working in the nearby IT industries. There are several buses that ply through the area connecting it to different parts of Bangalore and also auto-rickshaws. Several of them rent an apartment and share it among themselves.
The flats available are either fully or semi furnished. Semi furnished apartments contain wardrobes, cabinets and other structures while furnished ones include electronics goods as well. The properties available for rent are less than five years old mostly, hence their condition is top notch. Most of them are located in gated communities with amenities such as swimming pools, gymnasiums and open parks.
If you are working in any office in Banashankari, BTM Layout or Indiranagar, then staying here would be profitable.
JP Nagar is an affluent neighbourhood as many performing artistes live here. The renowned arts theatre, Ranga Shankara is also situated here. A branch of the Aurobindo Ashram, in Pondicherry is located here. There are several educational institutions located in JP Nagar such as Frank Public School, St. Paul’s English School, RV Dental College and The Oxford Education Society. Prominent eateries of the neighbourhood include Vinayaka Cafe, Tacobell, 24th Main Hotel, Aurick Boutique Hotel and Barbecue Nation.
The demand is high for flats for rent in JP Nagar Bangalore is because of its proximity to IT dominated areas, the Majestic Bus Stand (around 12 kilometres away) and Electronics City which is 20 kilometres away from here. JP Nagar is divided into several phases, the 7th and 8th being the most rapidly growing ones. Property developers such as the Brigade Group have several under construction projects here. The calm surroundings and easy availability of properties have made JP Nagar a home seeker’s paradise. Convenience stores, markets and banks are also located in the vicinity.
The rental returns from JP Nagar is also quite high. Flats for rent in JP Nagar are available mostly in the 2BHK configuration. For a flat measuring 800 to 1200 sq ft of this variety, the rent payable is between Rs 15,000 and 25,000. The value of rent is higher in the 7th and 8th Phase rather than the 1st phase currently. The flats here are rented by mostly those working in the nearby IT industries. There are several buses that ply through the area connecting it to different parts of Bangalore and also auto-rickshaws. Several of them rent an apartment and share it among themselves.
The flats available are either fully or semi furnished. Semi furnished apartments contain wardrobes, cabinets and other structures while furnished ones include electronics goods as well. The properties available for rent are less than five years old mostly, hence their condition is top notch. Most of them are located in gated communities with amenities such as swimming pools, gymnasiums and open parks.
If you are working in any office in Banashankari, BTM Layout or Indiranagar, then staying here would be profitable.
