Cheaper Than iPhone: Localities Where Annual Rent Costs Less Than iPhone 7

Cheaper Than iPhone: Localities Where Annual Rent Costs Less Than iPhone 7

Cheaper Than iPhone: Localities Where Annual Rent Costs Less Than iPhone 7
The Apple iPhone 7. (Apple Inc.)

After months of speculations, photo leaks and specifications, the Apple iPhone 7 launch took place late evening India time on September 7. The most sought-after technological product globally, the iPhone 7 finally came before the world along with a host of other products from Apple Inc. 

Beating several speculative estimates, Apple decided to set the iPhone 7 32GB price at $649, or about Rs 43,200. The iPhone 7 Plus 32GB price was set at $769, or about Rs 52,000, and the iPhone 7 Plus 128 GB price, as expected, is $949, or Rs about 63,000. 

While the Apple iPhone lovers might already have been saving their money to spend on the iPhone 7, some of us would have been looking to take a home on rent in India within a limited budget.

So, if you are one of those who need a property on rent, MakaaniQ lists top localities in India's major cities where you can get a home on rent for one full year at the price of an iPhone 7 Plus 128 GB, or even less. 

Based on information from rental listings on Makaan.com, these are the localities where homes are available for an annual rent of Rs 63,000 or less (about 5,250 a month).

Delhi

Sector 3, Dwarka: Located in the premium residential area of Dwarka, Sector 3 is one of the most sought-after residential markets of Delhi. It is located in southwest part of the capital with connectivity to key areas of Delhi and also, Gurgaon. With  public transport including state bus service and Delhi Metro, one can easily travel in and around the city. If you plan to rent a property in this well-planned township under Rs 5,000, you could opt between various 1BHK flats available in sizes ranging between 300 sq ft to 250 sq ft.

Mehrauli: Located in southwest Delhi, Mehrauli is a residential neighbourhood well connected to other parts of Delhi and even, Gurgaon. A hit among professionals working in Gurgaon or South Delhi, Mehrauli has a wide range of apartments available on rent. The roads are well-constructed and for those who want to use Metro can reach the stations -- Qutub Minar and Chattarpur. For those with a monthly budget of Rs 5,000 can find a 1BHK apartment on rent in sizes ranging between 250 sq ft and 400 sq ft.

Munirka: A hit among students, Munirka lies in proximity to some of the key educational institutions including IIT Delhi, Jawaharlal Nehru University, Indian Institute of Mass Communication and some of the Delhi University's colleges. The area located in south Delhi is well-connected by road transport and also, Delhi Metro. So, for those looking for an apartment for rent for Rs 5,000 can find many 1BHK apartments with size ranging between 200 sq ft and 300 sq ft.

Kalkaji: Located in proximity to key office locations, Nehru Place and Okhla, Kalkaji is a residential area with plenty of housing societies. The area is well accessible by road as well as Metro. It also has a strong social infrastructure. If you are planning to take an apartment on rent in Kalkaji with a budget of Rs 5,000 per month, you could find 1BHK apartments with size ranging between 110 sq ft and 300 sq ft.

Sector 23, Dwarka: Another key residential locality of Dwarka, Sector 23 is also well-connected to Delhi, Gurgaon and enjoys proximity to the international airport. Dwarka Sector 23 has well-connected roads and a Metro station that is 2.5 kilometres from here. With a wide range of affordable homes available, for those with a rent budget of Rs 5,000 can opt for 1BHK apartments here available in an average size of 400 sq ft.

Mumbai

Virar: A locality situated on the outskirts of Mumbai is a booming residential real estate market. With well-developed infrastructure, the area has open spaces, too. So, if you are looking for a spacious home with a budget of Rs 5,000 as a monthly rent, you could find apartments in in 1BHK configuration with sizes ranging between 500 sq ft and 700 sq ft.

Ulwe: An upcoming residential locality, Ulwe is located on the sea shore offering a scenic beauty. It is a part of Navi Mumbai's 14 nodes that offers 2BHK apartments in sizes ranging between 650 sq ft and 1,000 sq ft on rent for Rs 5,000. The infrastructure here is still under development.

Kalyan-Dombivali: A twin city located in Thane district, the area is known for affordable properties surrounded by well-developed infrastructure. For those working in and around Thane, this area has become a sought after residential option for them. For those with a budget of Rs 5,000 as monthly rent, you could find apartments in 2BHK configurations in size ranging between 500 sq ft to 650 sq ft.

Vasai-Naigaon: A suburb in north Mumbai, the area is a hit among people working in north of Mumbai and have a limited budget to spend on rent. So, if you have a budget of Rs 5,000 you could get 1BHK apartments with size ranging between 500 sq ft and 600 sq ft.

Karanjade: A part of Navi Mumbai, this area lies close to the hill station of Panvel. It is linked to Mumbai by JNPT Road, Urban Road, Pargaon Road and the Asian Highway 47. For those who love nature can find apartments in 1BHK configuration in sizes ranging between 300 sq ft to 400 sq ft for a budget of Rs 5,000 per month.

Bengaluru

RT Nagar: The area, located in north of Bengaluru, is an upcoming residential locality. It enjoys proximity to premium areas including Sadashivnagar and Dollar's Colony. The most striking feature of this area is the availability of many educational institutions here. So, if you are a student with a budget of Rs 5,000 as rent, you could find 1BHK apartments in sizes ranging between 300 sq ft to 500 sq ft.

BTM Layout: This locality is a prominent residential neighbourhood in south of Bengaluru. With proximity to some of the key IT parks and special economic zones, BTM Layout is most sought after by professionals. The most striking feature is the wide range of apartments available in variety of price band. So, even if you are looking for an apartment with a monthly rent of Rs 5,000 you could find it here. You could take a pick among a number of 1BHK apartments with an average size of 300 sq ft available at Rs 5,000 per month.

Attibele: Located on the Karnataka and Tamil Nadu border, Attibele is located 32 kilometres from city centre. The area is still under development, but if you are looking for an apartment for rent with a budget of Rs 5,000 then you could find a spacious 1BHK apartment in an average size 600 sq ft.

Anand Nagar: Located near upcoming real estate market Hebbal, Anandnagar is known for a well-developed social infrastructure with prominent educational institutions, hospital and banks. So, if you want to live in close proximity to an educational institution you study at or any of the prominent hospitals you work at, then you could find 1BHK apartments in size ranging between 300-450 sq ft at a monthly rent of Rs 5,000.

Kasturi Nagar: Situated near the IT hubs, Kasturi Nagar is a locality loved by working professionals. Though there are not many options available for people with a monthly budget of Rs 5,000 as rent. You could still find 1BHK apartments in an average size of 500 sq ft.

Kolkata

Keshtopur: This is an upcoming residential locality which lies in close proximity to some of the premium localities including Salt Lake and Rajarhat. It enjoys connectivity across city via VIP Road with wide range of public transport available. For those looking for an apartment with a monthly rental budget of Rs 5,000, the area offers 1BHK apartments in an average size of 450 sq ft.

Bansdroni: A residential locality in the south of Kolkata which offers affordable real estate options with well-developed social infrastructure. It is surrounded by some key localities including Tollygunge, Garia, Naktala and Kudghat. So, if you are looking at affordable rented property here you could get 1 and 2BHK apartments in sizes ranging between 300 sq ft and 500 sq ft.

Behala: An area famous for being home to Indian cricket team's former captain Sourav Ganguly, Behala is a major residential locality in southwest Kolkata. So, if you want to live in this renowned locality at a rental budget of Rs 5,000 per month, you could find yourself 1BHK apartments at an average size of 600 sq ft.

Jhil Road: An area well-connected to the city centre and other key business areas of the city, Jhil Road offers limited options under Rs 5,000 rent. But, you could find 1BHK apartments in size 350 sq ft.

Rabindrapalli: An area located near Keshtopur, this locality is an upcoming residential area. Rabindrapalli offers 1BHK apartments in 350 sq ft size for a rent under Rs 5,000.

Chennai

Porur: Located in the suburb of Chennai, Porur is known the rapid development it has under went in the recent past. A mix of old world charm and modern amenities, this is a paradise for those looking for affordable residential options. If you have rental budget of Rs 5,000 you could get a 1BHK apartment in size ranging between 350 sq ft to 450 sq ft.

Adyar: Adyar would offer a small-sized, an average 200 sq ft, 1BHK apartment in Adyar if you have a budget of Rs 5,000. The area though is a residential area situated on the southern banks of Adyar river. It is well connected by road and rail to the rest of the city.

Kandigai: Located in south of Chennai, Kandigai is developing as a major residential and commercial hub. For those looking for affordable rent options here could find a 2BHK apartment for an average size of 850 sq ft.

Velachery: You could find a 1BHK apartment ranging between 250 sq ft and 300 sq ft. This locality has witnessed a boom in real estate in the past decade. It is well connected to other commercial hubs including Guindy and Adambakam.

Thirumazhisai: A suburb of Chennai located in the north. The area will soon have a new Satellite Township here. So, if you plan to live in this area on rent, you could find 1BHK apartments at an average size of 700 sq ft under Rs 5,000.

Hyderabad

Begumpet: One of the most prominent residential localities, you could find apartments for rent in different ranges. So, you are in luck even if your budget is Rs 5,000 and under. Find yourself 1BHK apartments in sizes ranging between 350 sq ft to 500 sq ft. A right fit for families, Begumpet has a strong social infrastructure.

Nallakunta: A suburb of Hyderabad, Nallakunta is a commercial area with plenty of markets. So, if you are working here or have business, you could rent a 1BHK apartment of an average size of 500 sq ft here, for a monthly rent of Rs 5,000.

SR Nagar: A prominent residential suburb, it is in proximity to commercial areas including Ameerpet. This area also has a junction which connects it to Mumbai-Pune Highway. For those looking for an apartment on rent with a budget of Rs 5,000 could find 1BHK apartments in size ranging between 350 sq ft to 500 sq ft.

Gandhi Nagar: Located near the busy Bank Street, Gandhi Nagar lies in proximity to some key industries and corporates in Hyderabad. A fit for the working professionals, one could find 1BHK apartments of an average size of 550 sq ft in Rs 5,000.

Habsiguda: Well equipped with social infrastructure, Habsiguda is one of the popular localities in suburb Hyderabad East. You could find a 1BHK apartment of 500-700 sq ft size under rent budget of Rs 5,000.

 

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