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Top Affordable Areas To Rent In Delhi

Top Affordable Areas To Rent In Delhi

Top Affordable Areas To Rent In Delhi

People from across India move to the national capital Delhi, to pursue higher education or seek employment opportunities. While buying a home in Delhi is no easy task, as private development is limited in the city, there is a huge supply of rented accommodations for students, bachelors and families. Most of these available options are apartment units, as, in most of the areas, independent houses have been redeveloped into builder floors and multi-storey buildings.

MakaanIQ lists some of the most affordable localities in Delhi to rent a house.

 

Sarita Vihar:

Located in south Delhi, Sarita Vihar is one of the upmarket localities, developed by the Delhi Development Authority (DDA). The area gained popularity, because of its connectivity by metro rail, to major hubs of the city, including Gurugram, Noida, Dwarka and Connaught Place. The area lies in proximity to Noida, Faridabad and Greater Noida, as well as Okhla Industrial Area. Major infrastructure developments, such as the expansion of the Kalindi Kunj bridge and Kalindi Kunj bypass, are planned near Sarita Vihar that will make it more appealing as a rental hub. The nearest metro station is Sarita Vihar Metro Station, lying on the Violet line of the Delhi Metro.

While 1BHK units could be rented for Rs 8,500 per month, 2BHK flats cost Rs 10,500. 3BHK units are available for at least Rs 20,000 monthly.

 

Saket:

This is another locality in south Delhi, which is popular for the shopping malls that dot the area. The area is well connected to other parts of the city via the Delhi Metro’s Yellow Line. Saket mainly offers apartment units and has very few independent units available for rent. The locality is preferred for family stays, as it has all amenities within a five-km radius. The area has two Metro stations close by - Saket and Malviya Nagar.

A 1BHK unit is available for Rs 10,000 per month, while a 2BHK unit will cost Rs 15,000 a month. Rental for a 3BHK flat is priced around Rs 20,000 per month.

 

New Ashok Nagar:

Located in proximity to Noida, New Ashok Nagar is an affordable residential locality, offering pocket-friendly accommodation options for families, couples and bachelors. The locality is densely packed, but has all amenities nearby. The area also has metro connectivity to other areas of Noida, as well as to Dwarka and Connaught Place. The area is well connected to Noida and Mayur Vihar via e-rickshaws and shared autos, as well. The closest Metro station is New Ashok Nagar.

 

The locality has builder floors mostly, offered at a starting price of Rs 4,000 for a 1BHK and Rs 8,000 for a 2BHK.

 

Chattarpur:

This is another popular locality in south Delhi, known for offering independent houses, as well as builder floors. While the independent houses available here for rent cost lakhs of rupees, apartments available in neighbouring localities such as Sultanpur, New Mangalpuri, Gadaipur, are offered at pocket-friendly prices. These nearby localities are semi-urban and have poor infrastructure, which make it affordable. The area is linked with the Delhi Metro's Yellow Line that connects Gurugram with Samaypur Badli and Rohini.

 

A 1BHK unit is available at a starting price of Rs 4,500 per month, while a 2BHK is available at Rs 8,500 per month.

 

Uttam Nagar:

Located in west Delhi, Uttam Nagar is an old locality in Delhi where independent houses have given way to builder floors. With metro rail connectivity, the area has gained popularity, because of its affordability and range of options as compared to Janakpuri and Tilak Nagar, where DDA flats have dominated the real estate space. The area is well connected to Dwarka as well as Rajiv Chowk and Noida, via the Delhi Metro’s Blue Line.

 

Average monthly rents for 1BHK, 2BHK and 3BHK units are Rs 5,000, Rs 7,000 and Rs 10,000, respectively.

 

Last Updated: Tue Sep 24 2019

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