If you want to rent out a place in Bengaluru on New Year’s Eve, be ready to shell out more than a month’s rent for a house. Due to the increased demand, the prices of hotels and other accommodation options like villas and farmhouses have gone up by three to four times, with many properties charging up to ₹1.2 lakh (including taxes) per night.
On the outskirts of the city near Devanahalli, Mysuru Road, Hosur Road, Koramangala, and others, the prices of villas and resorts range anywhere between ₹30,000 per night to ₹85,000 per night. The same properties are available for ₹10,000 - ₹20,000 in the second week of January, according to the information on a popular property booking website.
“I am trying to book a resort for 10 people in the areas around Bengaluru and the prices are mindboggling. One of the resorts in North Bengaluru quoted the prices to be ₹55,000 before taxes. With most properties already booked, we have few options,” said Kushal Venkatesh, a resident of Uttarahalli.
