Ever since the Covid outbreak in March 2020, rental accommodations around educational institutions had fewer takers since schools and colleges were shut. Now though, with oncampus classes resuming, rentals in Mysuru have skyrocketed.

Fearing their wards would be infected if they send kids in school buses or auto-rickshaws, parents are preferring homes near schools. In areas near major educational institutions, ‘To Let’ boards have disappeared and demand for housing is rising as families are returning from their hometowns to ensure their kids attend regular classes.

For instance, in Bogadi, RR Nagar, Dattagalli and Vijayanagar areas in Mysuru city, rent for a two-bedroom house, which was between Rs 8,000 to Rs 10,000, has now increased to anywhere between Rs 11,000 and Rs 12,000. Even in Roopanagar area, rent for independent houses is now above Rs 10,000. It was less than Rs 8,000 till a few months ago.

In upmarket Siddarthanagar area, rents have increased from Rs 18,000-Rs 19,000 to Rs 20,000 to Rs 22,000. However, the demand for advance amounts has come down drastically with house owners being more specific about monthly rent.

Real estate agents say rents for houses next to educational institutes are generally high. “It had dropped last year after institutions closed, but now demand is rising,” said Mruthyunjayappa, a real estate consultant in Bogadi.

Paying guest accommodations which were shut for the past 18 months, are also back to life. Monthly charges start from Rs 4,500 on an average at PGs around the University of Mysore (UoM) and Maharani College among others.

Santosh Kumar, Mysuru district representative of Associated Managements of Primary and Secondary Schools (KAMS), said generally house rent is higher in areas with many educational institutions. “Last year it was less. Now, with academic activities back on track, rates have increased,” he said.

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