Thursday, June 11, 2009

Rental Homes Availability in Gurgaon

“Are rental homes available in Gurgaon?” is the very first question which comes in mind when one has to shift in Gurgaon. Gurgaon is one of the growing commercial city in Delhi NCR. Due to its increasing commercial significance, more and more commercial establishments and industries, both national and multinational compan, are opening their offices in Gurgaon. This result in an ongoing addition to the population of the city. This growing population of the city has created a difficult situation. Due to which any new entrant to the city is concerned whether rental homes are available in Gurgaon or not.

But this does not mean that the rental homes are not available in Gurgaon. There are rental properties of different sizes and standards, luxury flats, penthouses, condominiums, villas, etc available in Gurgaon. Apartments rental rates are higher in Gurgaon then that of the neighboring places. A 2BHK flat in a good location will cost in the range of Rs. 10,000 to 20,000.
As a matter of fact, the rent rates in the neighboring South Delhi locations are less in comparison to Gurgaon. Expectedly, the demand for rental homes will come down in Gurgaon in the coming years because a number of residential projects are nearing completion. So after their completion, there will be more supply of residential and rental homes. As there will be a higher supply so the demand will come down slowly and the rents will be less. Therfore, we can expect lesser rent rates when the projects are ready for occupation.

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