The Gurgaon rental market has gone through its passage of ups and down along with the Indian real estate scenario. With the establishments of many offices and the convergence of steady flow of professionals into the city from across the nation and the globe have heightened the importance of the real estate rents to a great extent. Gurgaon is mainly noted for being the hub of the multinational IT and BPO companies who prefer to establish their company branch by paying rent rather than owning a property. Even, the professionals who come to the city for job are more interested to stay on rent rather than investing on purchasing a house as their permanent shelter.
The Gurgaon rentals are an important aspect of the real estate market as the city is visited by many expatriates who mainly come and stay in the city for a limited time period in order to execute their professional tasks or business objectives. Sensing the increasing demand of rental residential homes and office spaces, many real estate tenants are now investing on building complexes for rental purposes.
In Gurgaon one can access to well designed office spaces that are ideal for housing high graduated corporate business units and executes as well. The following information will provide a rough idea on the rate at which rents are given at different sectors of the city.
Old Gurgaon – The old part of Gurgaon is mainly considered the western side of the NH8. The old Gurgaon includes sections like the 14, 15, 17, 5, 10, 18, 22, 23 and Palam Vihar. The rates of rents are comparatively high in sectors 14, 15 and 17 than other sectors of old Gurgaon. The rent of a 2 BHK flat would be in between INR 8K and 12k, 3 BHK will be of INR 15k per month while a 4 BHK will be of 20k.
New Gurgaon – The New Gurgaon is the eastern part of the NH8 and north of the Sohna road. The sections from 28 to 57, the DLF phases, Sushant Lok Phases combine the New Gurgaon. The office and house rents located near the MG Road and Golf Course Road are quite high. A 2 BHK flat will be around 12k, 3 BHK will be 20k per month while a 4 BHK would be in between 30k and 40k.
The rent of an independent bungalow of 4 BHK at or near Sohna Road would be close to 40k, 3 BHK would be around 15 k and a 2 BHK will be of 12k per annual.