India, March 4 -- Bengaluru's rental market has rebounded significantly four years after the pandemic. Initially, a mismatch between supply and demand drove rents up, with landlords making unusual demands, such as requesting LinkedIn profiles and salary slips. However, the market is stabilizing, with more rental units available and a 5% price correction. Meanwhile, rentals in the outskirts, such as Whitefield's eastern IT corridor and North Bengaluru, have increased.

Local brokers say that increased supply and more rental options has led to a 5% price correction.

"In areas like Koramangala and even Indiranagar, owners are willing to negotiate for Rs.5000-10,000. There is a considerable inventory available today," Manjesh Rao, Chief Real...