Bangalore 3rd most Affordable City to Rent 2014

Bangalore : In India, property prices are continuously ruling in some cities and there are no signs of a remarkable correction. Choosing a home for renting or buying is a daunting task mainly on the financial perspective. A survey conducted by personal finance service company, Artha Yantra compared property prices and rental rates in seven top cities, taking into account the income and saving potential of the home buyer. To know the cities which are affordable to rent, let’s have a look at the top 5 affordable cities in India to rent.

Hyderabad: Hyderabad has emerged as the top most affordable city in 2014 in a list prepared by Artha Yantra as per the data from the National Housing Board. Hyderabad continues to be the No.1 most affordable city in terms of renting as well as buying. After witnessing the economic immobilism, Hyderabad real estate market leaned back.  The individual with a salary range of 8-9 Lakhs are advised to rent.

Professionals working in IT companies have an array of options to rent in prime locations within an affordable range of Rs 10,500. The few localities which offer affordable housing in Hyderabad are Manikonda, Kondapur, Madinaguda, Hafeezpet and many. The availability of affordable housing in this city and excellent connectivity through hasty modes of transport provides a viable alternative for professionals.

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