The demand for houses on rent in Delhi is on the rise. One of the main reasons adding to this sudden spurt in demand for such rental accommodation is attributed to better infrastructural facilities. The city witnesses hordes of people coming to the city each day in search of better prospects in the field of employment, education, business and good living standards. With such an influx of people, the need for rental accommodation is bound to witness an increased movement in it. When the city witnesses diverse categories of people flocking the city, requirement for rented accommodation is bound to see an increase in it. Besides, when a person moves in to a new place, the first and foremost thought doing rounds in his/her mind would be to find well comfortable house to stay.
Delhi Houses for Rent
Delhi is the national capital of India and as such it finds acceptance among many to stay in this city. This has ultimately brought a spurt in real estate an activity which in turn has galvanized a thriving real estate market. A major part of the population dreams of owning a property in the city. The increasing trend among them to buy a property is not without reasons either. The fact that the economy has encountered positive movements in recent years, it has meant better salary for working class. Additionally, availability of cheap home loans means people can now reduce financial stress which they were forced to undergo. Preference for home loans is shown by many people mainly because they do not want to invest their hard earned money in this volatile market.
The ideal approach which most of these people like to adopt involves in taking houses on rent. Even the housing companies, building contractors and housing authorities have woken up to this tendency shown by their prospective customers. Real estate investors and homeowners are now paying attention to the surging rental values. Today, it is because of their active participation that availability of rental houses has improved by leaps and bounds.
Rent a House in Delhi
If you are planning to rent a house in Delhi, there is plethora of rental house options that might be available for you. You have all the liberty to choose one house according to suitability of your budget. Talking about these options, there are villas, bungalows, flats, penthouses and duplexes. Additionally, their rents are priced keeping in mind reasonableness and affordability. In these days of unhealthy security atmosphere prevailing across the world, you might have to undergo through some kind of legal formalities.
In this reference, rent agreement is one such item that everyone has to complete before you take a house on rent. Making a rent agreement becomes especially true with those instances where you have a need to rent an apartment or flat in any of the prime locations of the city.
For many, availing the rental facility is a viable option especially when they do not have sufficient financial backing or are not too sure how long they are going to stay in the city. In these circumstances, taking a house on rent becomes the only option available for them. Additionally, when things become better, they can always choose to buy their preferred property.
Rented Houses in Delhi
In recent years, a new trend has emerged where many homeowners can be seen giving away part of their homes or even an additional house on rent. Of course, not everyone likes to stay in such type of accommodation facility. It has been found that mostly professional, students or commercial workers choose to take these rental facilities. There is a special reason why they choose to take it. Savings in rental cost is believed to be the main reason why they prefer to opt for it. Besides lesser rental costs, it also does not require a rent agreement. There are instances where people were found to have got tempted to select such an option. Whenever they have succumbed to their temptation, they have mostly landed in troubled waters. The real big problem starts when some kind of residential documentary proof is necessitated.
In a way, rental properties are considered to be more lucrative as an investment. The fact that rental charges are getting costlier each day, making adequate investment in rental properties is a sound investment decision. This is especially true with certain areas in Delhi such as Gurgaon. For instance, a 2-3 BHK Flat would range between 15 to 25k per month. Similarly, a villa or penthouse on rent may go as high as a lac. Because, this is a region in Delhi which is regarded as commercial and industrial hub. Therefore, it interests investors to buy properties with an intention to rent it and derive a handsome monthly income.
This area has many varieties of rental options such as low rise builder, independent floors, high rise flats and independent houses etc. Today, Gurgaon has become one of the best IT & ITES hubs in India. This has caused a huge demand for rental properties and playing a crucial role in this regard are the builders and promoters. With their expertise and experience, they have launched many commercial and residential projects. In this way, they are trying to cater to rising demand of properties.
According to various market research analysts related with real estate market these projects are very profitable investments. Relying on these market studies and trend emerging from them, two different categories of investors have emerged. In the first category are the investors who buy these properties to use them on a rental basis. In the second category are the investors whose ultimate goal is to hold these properties till it has earned a satisfactory appreciation. In either of the cases, ultimately it is the customers who end up gaining from their purchase. The gain derived from re-selling it is to the tune of twice-thrice of their investment. Therefore, there is a growing number of investors who do not shy off from buying these properties.