Manyata Tech Park is one of the biggest and popular IT Parks in North Bangalore. Employing over 90,000 professionals, the tech park has triggered a wave of residential demand in its nearby areas. Those who have migrated to the city for a job here, prefer renting an apartment in proximity. In case you too are looking for a rental property near Manyata Tech Park within Rs 20,000, here is a list of a few potential micro-markets that you can possibly consider.
After East and South Bangalore, the northern region, too, has created a mark as an IT hub. The establishment of prominent IT Parks including the Manyata Tech Park and the Kirloskar Tech Park has made North Bangalore receive a substantial share of the migrant population coming in search of job opportunities. Comprising of a large number of renowned names such as IBM, Cognizant, Just Dial, Larsen & Toubro, Nokia, and Philips among others, Manyata Tech Park alone employs over 90,000 professionals, thus, triggering massive demand for residential accommodations nearby. Availability of lush green landscape, easy access to places of interest, pocket-friendly rates, and propinquity to the airport are other few factors which make North Bangalore a sought-after region for renting a home. Some of the popular yet affordable rental hubs near Manyata Tech Park in North Bangalore, offering apartments at a monthly rent within Rs 20,000 are Hebbal, Thanisandra and Jakkur.
Marked by the presence of a number of multinational companies, Hebbal has grown tremendously over the past few years, especially post its inclusion under the Bruhat Bengaluru Mahanagara Palike (BBMP) limits. Enhanced connectivity and excellent infrastructure have been some of the major growth drivers for the region. The Outer Ring Road and Bellary Road (NH 7) pass through Hebbal and offer smooth connectivity to other prominent parts of the city such as JP Nagar, Marathahalli, and Madiwala. Further, the locality is a preferred residential option owing to its proximity to some of the biggest IT parks including the Kirloskar Tech Park and Manyata Tech Park, which is the home to renowned names such as HCL and Microsoft among others. Having easy access to reputed educational institutions, hospitals, and other recreational facilities, Hebbal is one of the best places to live in Bangalore. As per 99acres’ Insite report for the quarter ending March 2019, the locality has witnessed an upsurge of 10 percent in its average rental ‘asks’, YoY. According to Kareem Khan, Managing Partner, Network Ventures, Bangalore, “The locality has an ample residential inventory of 2 BHK and 3BHK configurations. However, there are hardly any 1 BHK apartments. While a 2 BHK apartment of approximately 1,000 sq ft of area is available on rent at Rs 13,000-15,000 per month, the tenant’s might have to shell Rs 16,000-20,000 for a 3 BHK apartment sized within 1,300-1,600 sq ft. The locality witnesses healthy traction from the tenant community mainly because of the instant availability of ready-to-move-in units.”
Tucked in the north-eastern suburbs of Bangalore, Jakkur is a beautiful locality known for the presence of the Jakkur Lake. Nestled parallel to Hebbal, Jakkur is a flourishing location that is well-equipped in terms of social infrastructure and civic amenities. Providing easy connectivity to known locales such as Thanisandra, Telecom Layout, and Rachenahalli via Bellary Road, the locality is a preferred destination for a home on rent in Bangalore. A number of BMTC buses connect the locality to various other parts of the city. Also, the locality is merely at a distance of 26 km from Kempegowda International Airport which makes it easy to travel in and out from the city.
Proximity to Manyata Tech Park (2.1 km) and Kirloskar Business Park (5.7 km) makes Jakkur an apt choice for the workforces of these IT hubs. Mid-sized 2 BHK and 3 BHK apartments are the most sought-after configurations in this locality. According to Vishal Parwani, Owner, SSB Properties, “Jakkur is marked by the presence of several projects from reputed builders, the area is brimmed with all sorts of housing options ranging from builder floors to high-rise apartments, uber-luxury apartments, row houses, villas, and even mansions. On an average, a 2 BHK residential unit in this locality is available on rent for Rs 18,000-25,000 per month, depending upon the builder and the type of construction. In the times to come, the locality is expected to garner further attention owing to its enhanced connectivity via the upcoming metro from KR Puram to Airport.”
Strategic location coupled with other factors such as proximity to Bellary Road, Hennur Road, and Old Madras Road has lured several professionals to rent a home in Thanisandra. These roads connect Thanisandra to the city including the Central Business District and the International Airport (26 km). The region has witnessed consistent growth because of its competitive rental rates and easy access to several IT parks and commercial centres such as Manyata (3.2 km) and Kirloskar Tech Park (8.4 km). Whitefield and the Outer Ring Road are another two key commercial micro-markets that are close to the locality. With several importers and exporters in its vicinity, the region offers tremendous employment opportunities. Propinquity to numerous hospitals, schools and colleges has also worked well for the residents of Thanisandra. The locality offers homes in varied sizes and configurations such as 1 BHK, 2 BHK and 3 BHK. As per the data available with 99acres.com, a 1 BHK apartment in Thanisandra is available on rent from Rs 11,000 onwards. The rental rates for a 2 BHK apartment range between Rs 15,000 and Rs 18,000 per month, whereas a 3 BHK units are available to rent for Rs 21,000-26,000 per month.
In addition to the above locales, one can also consider the micro-markets of Hennur, RT Nagar, and Ramamurthy Nagar for a home on rent close to Manyata Tech Park.