Top 5 Rental Hotspots In India
Renting is never out of fashion or business even when home buying goes through a rough patch. An ideal option for migrants and economically weaker sections of a society, rental housing in India contributes greatly to the overall economic activity. This is the reason why the government in recent times have formulated several policies to promote rental housing.
Let us look at five top cities where renting homes is always in fashion and if you bought a property to give it on rent, you must be sure to reap long-term benefits.
A bustling city known for its cosmopolitan culture and pleasant weather, Bengaluru is an ideal destination for choosing a rental residential property. Bannerghatta Road, JP Nagar, Haralur Road, Koramangala and Indira Nagar are the finest localities suitable for renting a residential property. Scope for sizeable rental returns is also higher here.
Fully furnished, semi furnished or unfurnished, Mumbai presents excellent rental housing properties. Ideal regions worth renting an apartment at are Colaba, Powai and Lower Parel.
With extensive growth of information technology (IT) and IT-enabled services, automobile and manufacturing corridor, Hyderabad has great potential to become one of the hottest destination for rental housing properties. Habsiguda, Attapur and Amberpet offer bright opportunities for rental housing in the suburbs of Hyderabad.
The Delhi-National Capital Region (NCR), especially Noida and Gurgaon, is not only a perfect location for affordable and luxury housing, most localities here have some best rental residential projects as well.
Demand for rental housing has progressively increased in recent years in Ahmedabad. Key localities that make for a good rental housing destination are Ambawadi, Sarkhej - Gandhinagar Highway and Prahlad Nagar.