Independent Rental House for Sale Near Banjara Layout, Horamavu

Rental income property for sale near Banjara Layout, Horamavu, Bengaluru, built on a 1,200 sq ft A Khata site. The building includes 1 BHK, 3 BHK and multiple 2 BHK units across the ground to third floors, with parking on the ground floor. Currently generating ₹1 lakh+ monthly rental income. Price: ₹1.99 Cr, slightly negotiable.

Property Highlights

• Location: Near Banjara Layout, Horamavu, Bengaluru
• Property Type: Independent Rental House
• Plot Size: 30×40 ft
• Total Site Area: 1,200 sq ft
• Facing: South
• Khata: A Khata
• E-Khata: Completed
• Road Width: 30 ft
• Ground Floor: Parking + 1 BHK
• First Floor: 3 BHK
• Second Floor: 2 BHK + 1 BHK
• Third Floor: 1 BHK
• Rental Income: ₹1 Lakh+ per month
• Price: ₹1.99 Cr (Slightly Negotiable)
   

This is an independent A-Khata building on a 30 × 40 ft site of 1,200 sq ft near Banjara Layout, Horamavu, Bengaluru, with a south-facing site on a 30 ft road and completed E-Khata. The listing describes ground-floor parking and a 1 BHK, a 3 BHK on the first floor, a 2 BHK and a 1 BHK on the second floor and a 1 BHK on the third floor. It states current rental income of ₹1 lakh plus per month and asks ₹1.99 crore, slightly negotiable.

What yield does ₹1 lakh a month imply?

₹1 lakh a month is ₹12 lakh a year. Against ₹1.99 crore, that is a gross yield of about 6 percent, before property tax, repairs, vacancy and income tax. The figure depends entirely on the rent being real and current, and the listing does not say whether all units are let. Ask for the tenancy details, rent receipts and bank credits for the last 12 months, then use our rental yield calculator with your own assumptions. Our page on buying rental properties that make money covers the checks that matter.

Does the unit list add up?

The highlights list five units: a 1 BHK on the ground floor, a 3 BHK on the first, a 2 BHK and a 1 BHK on the second, and a 1 BHK on the third. The description says multiple 2 BHK units, but the highlights list only one 2 BHK. Ask the owner for the exact unit mix and area of each unit. Four levels of 1,200 sq ft would make roughly 4,800 sq ft of construction, but the listing does not give the built-up area, so request the sanctioned plan and measure it.

What should you check with tenants and the building?

• Tenancy agreements: start dates, rent, deposit held by the owner and any lock-in period. See rent agreement format and registration in Karnataka.
• Separate electricity and water meters for each unit, and who pays the common bills.
• The completion or occupancy certificate for all floors, and the sanctioned plan against the actual construction.
• The condition of the structure, plumbing and wiring, since a rental building sees heavy use.
• Whether tenants will stay after the sale. Ask for written acknowledgements that their deposits transfer to you.

What does A-Khata with completed E-Khata mean?

The listing states A-Khata and completed E-Khata, which supports a home loan and easier resale. It does not replace title checks. Read our pages on Khata registration and applying for e-Khata online, and verify the certificates. Confirm title through an encumbrance certificate.

How does the location work?

Horamavu lies in East Bengaluru. The listing does not give distances to a metro, an IT park or a school. Read our guides to the neighbouring areas: Hennur Road, Ramamurthy Nagar and KR Puram, which describe the rental demand and the surrounding market.

Who is this property suited to?

It suits an investor or a family that wants to live in one unit and let the others, and that is comfortable managing several tenants. It is a management-intensive asset compared with a single flat. Similar buildings on our site include the 11-unit rental building in Singasandra and the 3 BHK duplex with a rental portion in Rampura.

How should you value a rental building before you offer?

Investors often pay for income, so test the income. Ask for twelve months of rent receipts or bank statements, and match them against the tenancy agreements. Check the deposit held for each tenant, since deposits are a liability the buyer usually takes over. Compare the stated rent of each unit with what similar units nearby command, and note any unit that is let below market or is empty. Subtract property tax, common electricity, water, repairs and a vacancy allowance, then divide the net income by your purchase price to get a net yield rather than the gross figure. At ₹1.99 crore and ₹1 lakh a month, the gross yield is about 6 percent, and a net yield will be lower. Ask whether a top-floor unit or the terrace has any unapproved construction, since penalties or demolition orders on such areas would reduce value. Ask about the age of the building and the last time the water tanks and wiring were serviced. If you are borrowing, ask your bank whether it will count the rent when it calculates the loan.

You can read land records for the site on the Karnataka land records portal.

How can OneCity Property help?

We can share the tenancy and title papers with your lawyer and arrange a visit. Call 7676870876 or 9606230962. Check finance with the home loan EMI calculator.

These notes are general information and have not been reviewed by a named legal or financial reviewer. Rental income is taxable, so take advice from a chartered accountant, and take legal advice before paying an advance. You can verify registration steps on the Kaveri online services portal.

Frequently asked questions

What is the price of this rental house?

The listing asks ₹1.99 crore, slightly negotiable.

How much rent does it earn?

The listing states ₹1 lakh plus per month. Verify it with receipts.

What are the units?

The highlights list a 1 BHK on the ground floor, a 3 BHK on the first, a 2 BHK and 1 BHK on the second and a 1 BHK on the third, with parking on the ground floor.

Which Khata does it have?

A-Khata with completed E-Khata, according to the listing.

Updated on: 29 September 2026 | By L K Monu Borkala, CEO & Founder, OneCity Property, 15 years of property consultancy experience and over 20 years in marketing and management at OneCity Technologies Pvt. Ltd.