India's Top 5 Most Expensive Locations To Rent A House
In India, renting a property is as expensive as buying one, especially in the country's elite addresses. The upmarket neighbourhood, high-end lifestyle, commendable views and traditionally rich owners etc.-- are a few features that make these areas pricey as well as desirable. So, if you fancy sharing the same pin code with India's super rich, business honchos and celebrated people, here's where you should go.
Altamount Road (Mumbai)
Altamount Road is one of those stretches in south Mumbai where you can find consulates of Indonesia and South Africa. The street also boasts the world's most expensive home- Antilla, the 27-storey mansion of Mukesh Ambani and most expensive apartment in Lodha Altamont. The area is dotted by the residences of high-level diplomats, government officials and industrial bigwigs. According to Makaan.com listings, the cost of renting a property here varies from Rs 4 to Rs 6 lakh a month for a 3,000 sq ft flat which has the market value of Rs 20 crore or more.
Malabar Hill (Mumbai)
Another swish neighbourhood in the financial capital of the country, Malabar Hill is one of the hillocks surrounding the southern part of Mumbai. The area is home to several prominent business tycoons and hosts chief minister's official residence. Malabar Hill has several iconic buildings which has private house pads of tradinally rich business families such as the Birlas, Pallonji Mistry, among others. According to Makaan.com listings, the cost of renting a property worth Rs 30 crore is Rs 10 lakh onwards.
Areas like Anand Niketan, Chanakya Puri, Defence Colony, Greater Kailash I & II, Hauz Khas, Jor Bagh, New Friends Colony, South Extension I & II are some of the oldest and swanky localities in the national capital. A majority of inhabitants are either diplomats, government officials or money bags. According to Makaan.com listings, a 3BHK independent house is available for rent at an average price of Rs 3 lakh monthly rent in Chanakyapuri, having a market value of Rs 25 crore onwards.
Aurangzeb Road (Delhi)
Dr APJ Abdul Kalam Road, formerly known as Aurangzeb Road, is at a stone's distance from the Race Course Road -- the official residence of the Prime Minister of India. The stretch is home to billionaires, including the Mittals, Punjs, Jaipurias and KP Singh of DLF. The area offers old world charm with greenery and serenity of the lush environment of the Lutyens' zone. According to Makaan.com listings, no properties here available for rent as these are trophy assets and are worth billions. However, Barakhamba Road is the closest area where a few options are available for rent starting Rs 75,000 a month.
Sarjapur, Jaya Nagar and Koramangala (Bengaluru)
These specific locations are home to some of richest technocrats of India, including Aziz Premji, Nandan Nilekani, Narayan Murthy and many others. The residence of Premji is inside sprawling Wipro campus on Sarjapur Road while Murthy and GM Rao call Jaya Nagar their home. Koramangala is another upmarket locality which is a hub of successful startups and a preferred area of residence for expats. With the availability of foreign brands and global cuisine, the area is abuzz with cosmopolitan lifestyle and luxurious way of life. The cost of renting a home in Koramangala is in the range of Rs 50,000 to Rs 2 lakh for a 3BHK apartment while Jayanagar can offer you decent options starting from Rs 40,000 and can go up to Rs 5 lakh for a 3BHK fully furnished bungalow.