Rents Double in India’s Silicon Valley as Engineers Fight for Flats
- Bangalore rents have nearly doubled, estate agents say
- Covid suppressed demand and new construction in recent times
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Rents in India’s technology hub of Bangalore have nearly doubled since the start of last year, making it the country’s hottest residential market.
Landlords 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 center Mumbai, according to data from market researchers.