Key Points
Rents in Indias technology hub of Bangalore have nearly doubled since the start of last year, making it the countrys hottest residential market. ..
Landlords in the city, often referred to as Indias Silicon Valley, now charge the highest proportion of their propertys value as rent, edging out financial center Mumbai, according to data from market researchers..
The capital of Karnataka state is home to over 1.5 million workers including those for global firms like Alphabet Inc.s Google, Amazon.com Inc., Goldman Sachs Group Inc. and Accenture Inc..
The shortage of supply has led estate agents and ultra-picky home owners to demand LinkedIn profiles and resumes from prospective renters, said Arpan Batra, the owner of real estate consultancy Anzen Spaces..
Intel Corp., Microsoft Corp., KPMG, Goldman Sachs and Morgan Stanley Inc. have their offices along the length of the road and a new Google campus with a capacity for housing 10,000 workers is coming up fast, said Gowda. ..
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Rents skyrocket in Bengaluru as engineers fight for flats
04, Apr, 23Landlords in the city, often referred to as India’s Silicon Valley, now charge the highest proportion of their property’s value as rent, edging out financial centre Mumbai, according to data from market researchers