A property seeker in Bangalore is confused between opting for a rented accommodation or giving that rental amount as EMI for buying a house. In the absence of a robust and reliable tool, these decisions were traditionally taken with gut feel or with the guidance of a close relative / friend, leaving scope for error. The latest report from Makaan.com, the fastest growing real estate website in India, recommends Bangaloreans to start exploring their property options. The Makaan.com Buy Vs Rent Index (MBRI) for the period April to June 2011 was released today with some interesting findings.

MBRI is a tool that aims to help property seekers make informed choice between buying and renting of property in top Indian cities / sub-cities. When it comes to Bangalore, the city is divided into 5 sub-cities and MBRI is calculated for each sub-city to enable seekers make informed choice in their respective areas of interest. Let’s look at some recommendations for buying Vs. renting property in Bangalore.