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While the metro line will open doors to real estate investments, experts say capital appreciation in prime areas will be slow in the coming years. However, rentals will shoot up considerably.
This Bengalurean has been looking for an apartment near her office for the last nine months. That's not all: there are others who are considering quitting jobs rather than dealing with the city's notorious traffic.
Rents have been on the rise, sometimes over a few hours, in the nation’s IT capital amid a shortage of apartments.
Finding an affordable home inside a largely unaffordable market like Bengaluru is often akin to making an omelette without breaking some eggs.
But it’s not a strictly like-for-like assessment. While more than 50 percent of the floating population in Bengaluru makes the city a rental-driven market, Mumbai continues to witness high traction in capital sales