Top Cities With Maximum Properties For Rent
Looking for a rental property in Indian cities? Data with Makaan.com show that Mumbai has the highest supply of rental properties in the country, followed by Delhi, Bengaluru, Gurugram and Pune. Here’s a look at top localities with substantial supply. This data is important to understand profitable destinations for those who plan to invest, for rental returns.
With over 62,270 units listed for rent in Mumbai, the dream city offers rental properties in all budget ranges. Two-bedroom units form the bulk of availability while 1 room-kitchen (1RK) accommodations are also popular especially among those who are looking at living on a budget.
Affordable localities: Pocket-friendly 2BHKs are available in Thane, Palghar, Mira Road East, Dombivali East, Virar and Panvel. These are priced within Rs 15,000 per month, depending on the unit size, exact location, amenities, etc.
Luxury locations: Spacious 2BHK properties are available in areas like Malad East, Ghansoli, Juhu, Agripada, Bandra West, etc. Two-bedroom units cost up to Rs 4 lakh per month.
Three-bedroom and still bigger configurations can command up to Rs 15 lakhs per month. Data available on Makaan.com show that Chembur, Prabhadevi, Carter Road, Tardeo and Napean Sea Road, are among the top localities with rental properties currently listed.
There are over 27,000 units currently listed for rent in Delhi. In Delhi, 3BHK units are far more popular than the smaller units and the broad price range is Rs 5,000 per month, going up to as much as Rs 11 lakhs.
Affordable localities: Paschim Vihar, Jangpura, parts of Dwarka, Nizamuddin, Kundli, are some areas where you can find properties at affordable rents up to Rs 20,000 per month.
Luxury locations: You would be able to find some of the high-end properties in Delhi’s hotspots such as Chanakyapuri, Greater Kailash, Vasant Vihar, Hauz Khas, Punjabi Bagh, Jor Bagh, etc. Rents may go up to Rs 25 lakh per month but these are spacious properties, mostly independent houses, villas and plush apartments.
There are close to 15,000 units for rent in the garden city. One and two-bedroom units are equally popular.
Affordable localities: If you are looking at affordable units on rent, you could turn to Rajarajeshwari Nagar, Doddaballapur, LHR Layout, MS Palya Road, etc. You could find affordable 2BHK units at a starting price of Rs 6,000 per month.
Luxury locations: Given that 2BHKs are the fastest moving in any market, some of the high-end properties are in Frazer Town, ISRO Layout, Indira Nagar, Marathahalli, etc. Rents are up to Rs 5 lakh per month for a 2BHK unit.