subject: Rental Property in Gurgaon, the Hottest Realty Hub [print this page] Gurgaon is an important center for various industrial and commercial activities in India. Being the city with 3rd highest per capita income in India after Chandigarh and Mumbai, it is the financial capital of the state of Haryana. Real estate in Gurgaon is the most sought after in Delhi NCR region by both buyers and investors-individual or corporate- as it offers luxurious living and working spaces across the city.
Gurgaon has come across as the biggest property hotspot around the national capital, Delhi as well as in the state of Haryana in last two decades. The commercial boom in Gurgaon, the established outsourcing hub has been a blessing for its realty market. It has shot up to towering heights as some of the top companies in the world have set foot in the city. In order to cater to their demands, gargantuan developments in Gurgaon commercial realty have taken place. As more and more business leaders keep coming in, the demand for both residential and commercial properties keep increasing. As a result, there are a great number of housing and office spaces available for both buying and renting purposes. Like with capital values, rentals too are soaring with a supply deficit in property in Gurgaon created by high demand and low supply.
Let us take a look at the rentals of residential property in Gurgaon, particularly 2 BHK apartments and builder floors in DLF, Sushant Lok, South City, Sohna Road and few others. According to latest figures, rented apartments in Gurgaon broadly cost around `7,500 to `28,000 per month while builder floors can be bought on rent by paying `8,000 to `20,000 every month.
-For instance, DLF apartments demand the highest i.e. `15,000 to `28,000 per month.
Apartments in Sushant Lok can be acquired in the range of `12,000 to `25,000/ month.
South City housing asks anywhere from `15,000 to `22,000 every month.
Similarly, residence at Sohna Road charge around `15,000 to `20,000 per month.
The least costing apartments in Palam Vihar range from `7,500 to `13,500 every month.
-Likewise, rented builder floors in DLF cost around `10,000 to `18,000 monthly and in South City are in `12,000 to `16,000 per month bracket.
They cost a little higher at Sohna Road and HUDA ranging from `10,000 to `20,000 every month. In Sushant Lok, builder floors are rented for `10,000 to `15,000/ month.
On one hand, HUDA asks for highest rents i.e. `10,000 to `20,000 per month and Palam Vihar, the lowest which is between `8,000 to `12,000 every month.
The boom in economy of Gurgaon that made it an off-shoring and outsourcing hub of the country has been instrumental in transformation of the city. From an unknown town to the globally popular business destination, Gurgaon as a city has traveled a very long distance. It has carved a niche for itself among international realty destinations with its multi-storied commercial complexes, swanky malls & multiplexes and world class housing facilities equipped with modern amenities. They together offer quality living making it the best city to work and live in across the country as revealed in a survey conducted by Business Today magazine. The global standard of Gurgaon real estate is noteworthy as it sets a perfect example for other developing cities in India.
The capital values and rentals of Gurgaon property are all set to spiral up in the wake of its better connectivity to the national capital via Metro. The increased property tax and demand are leading to a much more expensive property sector in the city of Gurgaon.
Rental Property in Gurgaon, the Hottest Realty Hub
