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Make Life Easy in a New City With a House on Rent

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Developing infrastructure, attractive job options in MNCs and leading educational institutes offering high quality education are some major reasons attracting people from different parts of country. In major metropolitan cities of India, where a number of multi national organizations as well as big Indian corporations have set business operations, there is a need of residential accommodations. A significant rise in the residential real estate market was observed once the market was open and GE Capitals set its operations in Gurgaon. Similarly in Noida, with a number of new universities offering premium education such as he Amity University as well as MNC offices of brands like HCL, there was a need for residential accommodations. And this trend continues.


Live on Rent


In this globalized world, where job opportunities take people to a number of cities, it is not surprising that working professionals have been tagged as ‘homeless people in a global village’ in an article written by Vandana Shiva. While buying a property in such cities would be ideal in the long run, for some working professionals and students who require to stay in the city for a shorter duration, rental accommodations are more suitable. Besides working professionals students studying in different locations also prefer finding a house on rent as compare to living in hostels.


Property on Rent as per varied budget


Real estate sector gives various rental property choices to people who want a comfortable accommodation, but can’t afford to buy an expensive house. One searching for property on rent in major cities Delhi, NCR, Mumbai etc. gets option from 1-6 BHK flats, villas to 2-4 furnished bedroom apartments. Rented accommodation also offers the amenities one gets in own house like parking area, safety and security and connectivity with other parts of the city.


There are many locations in Gurgaon such as MG Road, Golf course road, Sohna road, Old Gurgaon and DLF etc. where one can get accommodations. Property rent vary in different localities. For instance rent of property in Old Gurgaon is somewhere between Rs. 7,000 to Rs. 17,000 per month for 2 and 3 BHK apartment, while rent for the same are at Golf Course Road may cost you Rs. 75,000 for 3 BHK apartment of a considerable area. Reason of high rents in some areas is high demand, close proximity to offices, metro stations and malls etc.


Quality residences on rent


People with different budgets can find suitable properties for rent in different parts of the country. The important fact one needs to know is that the price of the rental property vary even in same locality, depending on the developer, amenities, area covered and quality of construction. In one area you can find 2BHK flat for Rs. 13,000 while the same 2BHK flat in other area may cost you Rs. 25,000, depending on the category they lie in, the area these are located in and the amenities provided. Here is the summary of properties for rent in some of the well developed areas:


House Rental in Golf Course Road, Gurgaon: To name some, best residential projects one can find on Golf Course Road include DLF Park Place, DLF the Summit, DLF The Belaire etc. The rent of 3 and 4BHK apartments covering 2,282 sq. ft. o 3,400 sq. ft. area ranges from Rs. 75,000 to Rs. 1,25,000 per month.


House Rental in Sohna Road Gurgaon: Some of the rental property options on Sohna road include Vipul Tatnam Villas, Central Park II, Unitech Uniworld Gardens– I. One can choose between 3 BHK and 4 BHK apartments spread on 1,875 sq. ft. to 4,000 sq. ft. area costing Rs. 30,000 to Rs. 1,50,000 per month.


Increased demand of property on rent has also given investors a good investment option. So many investors buy residential property and rent these out to make good rental income.


Rental property offer a home, even if temporary to our homeless working professionals and students in this global village.


This entry was posted in Gurgaon, Investment, Mumbai, NCR Delhi, NOIDA, Rentals. Bookmark the permalink.

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