Flats for Rent in Greater kailash 1 Delhi

Renting is a great option to earn an additional income. Metropolitan cities, including Delhi, assure good rental returns when compared to smaller cities. In the national capital, the annual rental yield saw an increase of around 3.39 percent. The Delhi–Mumbai Industrial Corridor (DMIC) and the Amritsar-Delhi-Kolkata Industrial Corridor (ADKIC) will further have a positive impact on the rental sector in the city. Let's look at the five promising localities that witnessed an increase in rental values over the last few months.

The Noida authority announced a budget of Rs 4,350.11 crore for the year 2018-19 on April 26. With a reduction of Rs 3,720 crore from the last year’s Rs 8,070 crore, the authority still hopes to have a surplus of Rs 37.19 crore. It is aiming to garner revenue worth Rs 4,337.3 crore through lease rent, property transfer fee, land sale, builder land dues, water bills, etc. It announced the allocation for the elevated road project over Shahdara drain. Besides increasing the rate of one-time lease rent, the civic body took decisions on paying guest policy and renting of plots.

Although planned for high-speed commuting, Yamuna Expressway has now become a notorious accident-prone stretch, raising safety concerns. The media has reported several cases of traffic violations, leading to 105 and 110 accidental deaths on the expressway in 2016 and 2017, respectively.

The Floor Space Index (FSI) or Floor Area Ratio (FAR) is the ratio of the total area of a building to the area of the plot on which it is built. To accommodate the growing space demands in cities, the government is considering increasing the FSI. The FSI ranges between 1.2 and 3.5 in Delhi; 1.33 and 1.83 in Mumbai; 1.5 and 2.5 for Kolkata; 1.5 and 2 in Chennai; 1.2 and 1.8 in Ahmedabad; 1.75 and 3.35 in Bengaluru; 1 and 1.45 in Gurgaon; 2.75 and 3.5 in Noida; and 1.5 and 2.5 in Pune. Hyderabad has not FSI restrictions on buildings.

Rates of property in Ghaziabad are likely to go slightly up with the city development authority hiking development charges. The 3.03 per cent increase in the fee comes into effect from April 1 this year. Before the hike came into effect, developers had to pay Rs 3,024 per square metre (psm) as development charge. They will now be paying Rs 3,114 psm.