Bangalore is experiencing a boom in the IT industry and this is attracting thousands of IT

professionals and students each year in search of career opportunities. This is turn is creating a

huge demand for accommodation with the professionals and students seeking different kinds of

houses to live in while working in Bangalore. 95% of the professionals and students prefer to

search for flats for rent in Marathahalli and Whitefield among other posh areas, thus leading to

the question; “why do people prefer renting accommodation rather than buying it?” Well, there

are many reasons linked this and the following are the main reasons linked to this question.

Cheaper over the short term perspective

For a professional or student intending to visit, work or study in Bangalore for a few years,

it’s not worthwhile to buy a house or apartment. Thus, the majority will prefer to simply get a

house for rent in Whitefield Bangalore which works out to be cheaper over a 3-5 year

period. The demand for rental accommodation is also resulting in the property prices spiking

higher and higher, making many of the properties in Bangalore too expensive to consider for

a short term investment.

Jobs can be unstable, requiring constant movement

Another major reason linked to preference for rental accommodation rather than buying it is

due to the instability of job postings. Many companies will want to rotate their employees

and keep moving them from city to city and this eliminates the possibility of purchasing a

property or even considering buying one on installments. This constant movement makes

most working class people return investments back home where they could build or purchase

a home in a stable location rather than attempt to purchase homes while at a new city job

posting.

Furnished properties considered more convenient for temporary accommodation

It’s also common to find a lot of the house for rent in Whitefield, Bangalore offering

furnished properties since many moving professionals would rather rent a furnished property

rather than transport furniture and other items. This is also common on most of the flats for

rent in Marathahalli since many of the IT professionals have come on short courses lasting

a few months before leaving once again thus tenants don’t need to transport furniture.

In addition to this, it’s cheaper to rent a house or flat of your required social status rather than

buy one thus allowing people to live comfortably and at a higher social standing than what they

may be able to live at if they attempt to purchase a house of their own. These and many other

factors contribute towards the increasing demand for rental accommodation in Bangalore and

most other major cities in India.