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Rental Property in Delhi

The capital city of India, New Delhi is enjoys a special place among the other metros in the nation. It is a hub of political, social, and financial activity that is constantly booming into a developed sector. The real estate business is also a part of this infrastructural development that has provided living and office space to the huge population of the state. From modern achievements to modern homes, Delhi makes an excellent place to live in. The city has experienced growth in population not alone for high birth rate, many also migrated into the city because of professional reasons and this led to the demand for rental property in Delhi. This is more because not many could immediately get themselves a new ownership house to live in. 

Rental market in Delhi

 
The houses on rent in Delhi introduced a low-budget comfortable stay to the people. The problem of limited homes was also solved a great extent with the increase in demand for rental homes in Delhi. The city that offers world-class apartments, retail space, builder floors, or independent houses expanded rapidly to fit the tenants. The people from diversified background like professionals, students, businessmen, traders, and workers require a whole lot of services in order to keep them going in the city, of which the requirement of houses to live in is the foremost. The landlords and owners of homes are largely banking on this crowd to make huge revenue from rents in Delhi. 
 
The rental rates in Delhi vary from one location to another and with the area square unit and the floor that is offered on rent. The prime districts in Delhi, especially the central region tends to be expensive. Delhi NCR-Gurgaon and Noida are also places that have a costly real estate market. 
 
Even the commercial rental property in Delhi is expensive when it comes to prime business locations like the Connaught Place and Karol Bagh. The rate of offices space in such areas is also comparatively higher that the areas surrounding the railway station.
 
Popular Rental Zones in Delhi
Zones Places
East Delhi Mayur Vihar, Patparganj, Vasundra, Enclave, Laxmi Nagar, Dilshad Garden, Vivek Vihar
West Delhi Janakpuri, Vikas Puri, Raja Garden, Krishna Nagar, Mayapuri, Patel Nagar, Kirti Nagar
Central Delhi Connaught Place, Karol Bagh, Prithvi Road, KG Marg, Tilak Marg, Chandni Chowk
South Delhi Greater Kailash, Vasant Vihar, Vasant Kunj, Defense Colony, New Friends Colony
North Delhi Rohini East, Model Town, Shakti Nagar, Kamla Nagar, Gujranwala Town, Kundli
 

Rental prices in Delhi

 
The prices for homes on rent in Delhi vary according to location and most importantly with the type of home that you are choosing. If you are willing to rent a bungalow, the rates will certainly be higher than a single-room apartment. Thus, it is important to judge your budget before you actually go to rent a house in Delhi.
 
Zones Rental Rates
Central Delhi rental rates Rs 8,500- Rs 45,000
West Delhi rental rates Rs 3,000-Rs 9,000
South Delhi rental rates Rs 7,500- Rs 24,000
North Delhi rental rates Rs 3,500- Rs 13,000
East Delhi rental rates Rs 3,500- Rs 11,000