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Rental Property in Agra

The city that houses the famous Taj Mahal, Agra has a vibrant real estate market that has been experiencing a boom when rental property in Agra is concerned. There are several houses that are increasingly being offered for rent. Though not a specialized IT-hub, Agra has many financial institutions that invite people to live in Agra. The main advantage that Agra enjoys is that it is well-connected to other major cities in India. Delhi and Jaipur are the cities which are the closest neighbor. As the economy of Agra is basically tourism pro, the city lately is trying to draw some more investments from the housing market.
Like many other cities in India, the prices of property have soared to a great extent over the years. Many businessmen and professionals are find it difficult to purchase a home that is often beyond their budget. For them, the rental homes in Agra became popular instantly among those who wanted to have a home under their budget. Most houses on rent in Agra are based in the commercial districts. This is particularly to attract tenants who might want to have a base near the famous Taj Mahal and the other forts in Agra to flourish their business. But, the homes that are available on rent in such places are also likely to cost more than the others.
Commercialization is making the city that is the tourist heaven one of the most sought after cities for having a well-planned life. Such people would always keep their doors open to dream houses in Agra. But, the present situation is the rush in population that the city is facing. There is a huge shortage in supply of good housing and this is why the houses on rent in Agra are flourishing. The housing projects that are lined up also attract those who are willingly to rent an apartment or take it on lease. These apartments though on rent fulfill the dream of having a comfortable life for many. Most apartments in Agra are priced at Rs 8,000 onwards per month for 2 BHK apartments of 650-700 square feet.

Rental market in Agra

Rented homes in Agra are available throughout the city and even on the highways. But those who are opting for commercial rental property in Agra can always have good options available for them. There are office spaces in existing buildings as well as new ones which are not over-priced unless it is part of the premier projects in Agra. There is space available for small shops, cosmetic outlets, retail outlets, and departmental stores that have a rent of Rs 10,000 onwards. 
So, what makes the commercial district in Agra? There are prospective areas for business deals, shopping, and other commercial activities in Agra. The MG Road and Sadar Bazar of Agra are what which make the commercial hubs of the city. Most of the business activities are concentrated in this area while Bhavna Plaza and Bhavna Towers are among the recently developed office spaces that have been attracting the attention of businessmen. Sanjay Place is another location that is developing really fast as a business destination in Agra. 
According to reports, the Uttar Pradesh Industrial Development Corporation (UPSIDC) has reportedly proposed to set up a 5-acre technology park at Agra-Delhi highway. This is likely to open up for avenues of employment, travel, and give further impetus to rental property in Agra.