The rental property market of Delhi/NCR has a multitude of options. End users can choose from a plethora of projects that come under several categories. The following post takes a quick look at the rental property market of Delhi/NCR with special reference to Noida. Read on to know more.
Introduction

Along with its satellite cities of Noida and Gurgaon, the overall property market of NCR has loads of options available. Today, the region is known as one of the leading real estate destinations of the country. From residential to commercial with a substantial share of the retail market - the NCR property market is worth investing in. The region is also known for its robust rental market and the market has been ensuring substantial returns from its rental market as well. Within the last one decade, the property market of Delhi/NCR has grown at a rapid pace. Today, cities like Noida and Gurgaon also boast of an equally strong rental market, and sometimes even better than that of main Delhi.
East Delhi Property Market
With the government allowing Foreign Direct Investment (FDI) opening its doors for the Indian real estate sector, NRI investments have increased considerably. Moreover, NCR has huge migratory population that has given a fillip to the rental property market of Delhi. Alongside, this kind of cosmopolitan demographics of the city has also bolstered the rental property market of Noida. Thousands of individuals employed in the IT sector choose to stay in rental properties across Noida and Delhi. Some of the best possible micro markets for the Delhi/Noida property markets are MayurVihar Phases I, II and III, New Ashok Nagar, Noida Sector 19, 20, 29, 25 and Sector 21. These regions offer a multitude of residential properties for families and individuals alike. One cha choose from 1BHK, 2BHK apartments to bigger flats or even builder floors. These area largely favoured by single professionals who are employed in the IT sector as infrastructure and most importantly connectivity to workplace very good; the table given below gives a good insight into the price trends of some of the neighbourhoods of the region.
Location
|
Buy Price Trends
|
Rental Price Trends
|
MayurVihar I
|
11000 -13000
|
12000 -30000
|
MayurVihar III
|
9000 - 12000
|
12000 -25000
|
New Ashok Nagar
|
5000 - 6000
|
10000 -18000
|
Noida Rental Property Market
Just like these localities in east Delhi, several sectors in Noida also take away the laurels while it comes to rental property market. Sector 18 Noida is one of the major Central Business Districts of the satellite city. Due to this, a large number of the populace resides here. Prominent residential localities across the region comprise sectors 19, 20, 21, 25 and 29. These sectors offer excellent connectivity not only to Delhi but also to other parts of Noida through an intense network of metro railways, roadways and flyovers. Apart from these, presence of a sound retail realty market – shopping malls like Great India Place, Spice, CSM and the Sector 18 market has been largely responsible for bolstering the rental market of the area. Just like its counterparts in eastern Delhi, the sectors 19, 20, 21, 25 and 29 offer good options in terms of rental properties. Apart from these areas, some other locations when rental properties in Noida are quite easily available are Sector 63, Sector 12, Sector 15 and Sector 22. Here also you can find a host of residential properties that are come fitted with some of the most basic requirements that a renter would look for.
Location
|
Rental Price Trends
|
Sector 11
|
INR 12000 –INR 16000
|
Sector 19
|
INR 8000 – INR 15000
|
Sector 20
|
INR 7000 – INR 20000
|
Sector 22
|
INR 9000 – INR 14000
|
Benefits of Renting a Property in Delhi/NCR
Two major benefits of Renting a Property in Delhi NCR are explained below:
Mortgage Expenses: A property that has already been given out on lease, provides the owner an opportunity clear off all his mortgage debts; the monthly income available for rent can be easily used to meet mortgage expenses.
Increased Value of Property: Since the overall NCR property market has been riding high on its property prices, renting out a house would make it easier for property owners to get good returns.
What the Experts are saying?
According to Jones Lang La Salle, some of the micro markets within the Delhi/NCR property market are bound to witness a substantial growth in the coming months. Rental prices are also expected to grow up thereby ensuring good monetary returns. Therefore, those who have properties in Delhi/NCR, if they want to make some extra money, renting out their residential property can actually turn out to be a good option.
About Author: Sampurna Majumder is a professional writer who enjoys creativity and challenges. Barely a year into new media, she has written several posts, articles and blogs for prominent websites. The above article throws light on the rental property market of Delhi/NCR.
About Author: Sampurna Majumder is a professional writer who enjoys creativity and challenges. Barely a year into new media, she has written several posts, articles and blogs for prominent websites. The above article throws light on the rental property market of Delhi/NCR.