New East-Facing 24-Unit 1 BHK Rental Building in Hegde Nagar | ₹3 Lakh Monthly Rent

Published: 18 August 2026 | Updated on: 19 August 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.

This is a newly built, purpose-designed rental building on a 25 × 50 ft plot in Hegde Nagar, North Bangalore, holding 24 individual 1 BHK units across the ground floor and upper floors. The ground floor carries two units plus dedicated parking. The building is east-facing, has an elevator and a line water connection, and the seller states a monthly rental income of ₹3 lakhs.

This is a different kind of listing from a single-family home or a plot — it is an income-producing asset, and it should be evaluated the way you would evaluate any small commercial investment: on the numbers, on the documentation, and on what happens if occupancy is not 100 percent.

Where is Hegde Nagar, and why does location matter for a rental building specifically?

Hegde Nagar sits within the Thanisandra corridor of North Bangalore, PIN 560077, immediately behind Manyata Tech Park — one of the city's largest IT employment clusters. That proximity is precisely why a 24-unit 1 BHK building makes sense here rather than in most other parts of the city. Compact rental units close to a major tech park draw a steady tenant pool of young IT professionals who want a short commute and don't need more than a single bedroom.

Thanisandra Main Road runs through the heart of the locality and connects out to the Outer Ring Road, Hebbal, and Bellary Road. Be clear-eyed about metro access: the nearest operational Purple Line stations sit roughly 9 to 13 km away, and a Blue Line extension through this belt has been discussed but is not running today. Tenants here rely on buses, cabs, and the tech park's own shuttle network rather than the metro — factor that into who you can realistically rent to. We cover the corridor in full in our Thanisandra locality guide.

What does the building actually offer?

Twenty-four 1 BHK units on a compact 25 × 50 ft (1,250 sq. ft.) footprint means the building is built vertically rather than sprawling — the seller describes the structure as G+5.5. That phrasing is unusual, and we are not going to interpret it for you. Ask directly what "5.5 floors" means in practice: a partial top floor, a mezzanine level, or something else. Get the actual sanctioned building plan and match it against what has been constructed. This is the single most important document check on this listing, and it is not optional.

Beyond the floor count, the amenity list is straightforward and appropriate for a rental-focused building: an elevator (essential once you are asking tenants to walk up more than two floors), a line water connection rather than dependence on tanker deliveries, and dedicated parking on the ground floor alongside two of the twenty-four units.

Does the ₹3 lakh monthly rental figure hold up?

Run the arithmetic yourself rather than taking the headline number at face value. ₹3 lakhs across 24 units works out to roughly ₹12,500 per unit per month at full occupancy — a figure that sits comfortably within, or even below, published 1 BHK rental ranges for the wider Thanisandra and Hegde Nagar belt, so the number itself is not obviously inflated.

What it assumes, and what you should ask the seller to confirm in writing, is full occupancy across all 24 units simultaneously. In practice, any 24-unit building carries some vacancy at any given time — tenant turnover, gaps between leases, and the occasional unit under repair. Ask for the actual occupancy history since the building opened, not a projected figure. Ask whether ₹3 lakhs is gross rent or net of any building maintenance, water, and electricity costs the owner covers. Our rental yield calculator and investment guide walks through how to convert a headline rent figure into a realistic net yield.

What should you verify before buying an income property like this?

Treat this purchase with the same document rigor as any Bangalore property, plus two additional checks specific to a multi-unit rental building. First, confirm the building has an occupancy certificate covering its full constructed floor count — not just a completion certificate, and not just for the floors originally sanctioned if the "5.5" description suggests something was added later. Second, ask whether each unit is separately metered for electricity, since disputes over shared utility costs are one of the most common friction points in multi-tenant buildings.

Standard checks still apply in full: the mother deed and title chain, a current encumbrance certificate, BBMP Khata and property tax receipts with no arrears, and confirmation of the survey number across every document. First-time buyers, including those buying an income property for the first time, will find our 25-step Karnataka property buyer guide useful for the full sequence.

Who is this building suited to?

It suits an investor specifically looking for a rental-income asset rather than a home to live in — someone comfortable managing multiple tenancies, or willing to engage a property manager to do so. The location does real work for this purpose: Manyata Tech Park's employee base is a durable source of tenant demand that does not depend on any single company's hiring cycle.

It suits an investor with the patience to verify the building plan and occupancy history properly before committing, given the unusual floor description and the unverified rental claim. It is not the right fit for a buyer looking for a single home to occupy, or for someone unwilling to do landlord-level diligence across 24 separate tenancies.

Price and next steps

The asking price for this building has not been shared with us in writing, so we are not publishing a figure. Contact us and we will confirm current pricing and the occupancy history directly with the seller.

Call or WhatsApp 9606230962 or 7676870876, or send your requirement through our property requirement form. Browse our other verified Bangalore listings as well.

An income property is only as good as the numbers behind it. We will help you get real numbers before you decide.