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5 Localities In Gurgaon Apt For Renting

5 Localities In Gurgaon Apt For Renting

5 Localities In Gurgaon Apt For Renting
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Gurugram is a commercial hub that has a huge young migratory population of professionals. Understandably then, the demand for rental homes is high in the Millennium City. An investor planning to earn handsome rental income could bet on the localities listed below since the demand for rented homes in these areas, data available with Makaan.com show, is the highest in the city.

DLF Phase-III

Livability index: 9.9

Average price: Rs 10,762 psf

Average rent: Rs 24,132 per month

If location is everything in real estate, consider this locality to have it all. This area houses official establishments of some of the world’s largest multinational companies. DLF Phase-III is also part of the Gurugram Rapid Metro network. The locality also lies close to the National Highway-48 (NH-48) and DLF Cyberhub.

Property profile: DLF Phase-III witnesses a mixed demand for 1BHK, 2BHK and 3BHK apartments. Average monthly rental here is Rs 11,000 for a 1BHK, Rs 19,500 for a 2BHK and Rs 21,000 for a 3BHK. The locality has a mix of both apartments in housing societies as well as builder floors.

Sector 49

Livability index: 9.5

Average price: Rs 7,892 psf

Average rent: Rs 33,903 per month

Sector 49 is primarily a residential property market located at the National Highway-248A as well as the NH-48. The locality is surrounded by other emerging commercial as well as residential property pockets, including Sector 48, Sector 33, Sector 47, Sector 50, Sector 57, Sector 60, Sector 62, Sector 63, Sector 65 and Sector 66. The nearest Metro station to the locality is that of HUDA City Centre (Delhi Metro Yellow Line).

Property profile: Renters in Sector 49 are mostly looking for 3BHK units which are available for a starting monthly rent of Rs 21,000. Units in 2BHK and 3BHK+ configurations are also considered here. These can be rented for a starting price of Rs 7,000 and Rs 50,000, respectively.

Sushant Lok Phase-I

Livability index: 9.6

Average price: Rs 9,408 psf

Average rent: Rs 32,495 per month

Sushant Lok Phase-I is among the most coveted and oldest property markets of Gurugram. One of the most prime-located markets, Sushant Lok Phase-I lies close to the MG Road in Gurugram. It is well-connected to the national capital through the NH-48, which is close by, and two Metro stations of the Delhi Metro’s Yellow Line, IFFCO Chowk and MG Road. The locality, which was earlier taken care of by private developers, has now become a part of the Municipal Corporation of Gurugram (MCG). The corporation will now handle all the civic issues in the locality.

Property profile: Sushant Lok Phase-I has for sale a wide range of apartments as well as independent builder floors. Investors could look at 3BHK apartments or floors, which have the highest number of options, followed by 2BHK. While a 3BHK could fetch an investor a starting rent of Rs 30,000, a 2BHK could earn Rs 21,000 monthly.

Sector 14

Livability index: 9.3

Average price: RS 8,909 psf

Average rent: Rs 28,707 per month

Sector 14 lies on the other side of the NH-48 serving as the residential hub for those working in areas such as Udyog Vihar, Sector 29, Sector 30, DLF Cyber City and the MG Road. The locality is well-developed and well-connected to the national capital through road. The Delhi Road also passes through this locality.

Property profile: Sector 14 has a wide range of property available in 1BHK, 2BHK and 3BHK apartments. Of these, the highest demand comes for 2BHK configuration, followed by 1BHK and 3BHK. The starting monthly rent for a 2BHK unit is Rs 11,500. A 1BHK and a 3BHK could be rented out for Rs 7,500 and Rs 26,000, respectively. The locality has a mix of apartments in housing societies as well as independent builder floors.

Sector 17

Livability index: 9.6

Average price: Rs 11,212 psf

Average rent: Rs 16,321 per month

Sector 17 is also located on the other side of the NH-48 and is well-known for housing the IFFCO Colony. The locality is well-connected through the NH-48, the MG Road and the Delhi Road. The MG Road Metro Station and the IFFCO Chowk Metro Station are also just three kilometre from here. Sector 17 is primarily a residential market serving professional working in the prime commercial areas around.

Property profile: Sector 17 has a strong demand for 1BHK and 2BHK units. While a 1BHK could be rented for a starting price of Rs 7,000, renters are willing to pay at least Rs 16,000 for a 2BHK. Investors could choose between apartments in housing societies and also, builder floors.

Also read: SPR Will Fuel Real Estate Infrastructure In Gurgaon 

Last Updated: Fri Jun 28 2019

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@@Fri Jul 05 2019 13:15:19