Delhi/NCR region has always been the most favored destination for buying, selling or renting property in India. Many people look for affordable options for a rented home in Delhi/NCR region as many MNCs have set up their business here. Besides that, close proximity to other cites and well connected medium of transport are some of the main reasons. Looking for a property is not an easy job especially if you are new to the place. All you have to do is to follow some simple steps and make your work easy.

First of all you should plan your budget and does some research work before renting a property. Either you can go to property portals and browse property online and contact the appropriate person or you can go to some broker to find the kind of property you are looking for. If online browsing is not helping you much, you can contact property agents they will find you a suitable house and in turn will charge you with some commission for their services. Once you have finalized a house, make sure that water and electricity is not a problem and its location in terms of distance is not much far from your workplace or medical stores, grocery or nearby market etc.

It depends on you whether you want fully furnished flats or unfurnished flats as both options are there. But you have to make these decisions according to your budget.

Rental values in Delhi

Delhi offers multitude of rental options to people from diversified background like professionals, students, businessmen, trader’s etc. Surging property prices have attracted many people. In Delhi, you can easily find a luxury house as well as affordable house depending upon your budget. The rental values of property vary from location to location. Property prices have witnessed a fall in Delhi/ NCR region and all over India but rental values have not been affected much. You can get 1BHK around Rs.4000- Rs.10000 in East and West Delhi but in south Delhi it can cost you from Rs.10000 to Rs.15000. In case of 2BHK it can cost you around Rs.15000 in South Delhi – Lajpat Nagar area and can cost you even more than Rs.20000 to Rs.25000 in posh colonies like Defence colony, Hauz Khas etc,whereas in north and east Delhi 2BHK can range from Rs.9000 to Rs.15000. If you want to go for some luxury houses like 3BHK, they ’ ll probably cost you much more, starting from Rs.20000 to Rs.50000 and even more depending upon the location. Rental values are more in South Delhi as compared to East and West Delhi.

Rental values in Gurgaon

Gurgaon has many luxury options like villas, condominiums, penthouses, affordable flats, independent houses etc on offer. As it has emerged as IT hub and various MNCs, BPOs, corporate houses have set up their business here, there is a huge demand for rental property here. The rental rates in Gurgaon are quite high as compared to south Delhi or other parts of Delhi. The rental value for 60 square yards 1BHK is around Rs.6000 to Rs.7000 per month. According to a property broker, rental prices in areas like Sushant Lok ,South City, and DLF is much high even in times of this slowdown. If you want to rent a 1BHK apartment, it can cost you up to Rs.12000 to Rs.16000 per month so you can rent in Gurgaon according to your budget.

Rental values in Noida

Even though there has been an escalation of rental prices in Noida, demand for rental property in Noida has not declined. The city offers a high class standard of living, comfortable lifestyle, all basic amenities and better connectivity to other regions. If you want to rent a house in Noida, the prices can vary depending upon the size like 1BHK can cost you up to Rs.5000, 2BHK up to Rs.7000 and 3BHK up to Rs.12000 or even more that also depends on location of various sectors so you can rent in Noida according to your requirements.

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