Rents double in India’s Silicon Valley as engineers fight for flats

Landlords in Bangalore, 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. — Unsplash

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.