Tenants have a variety of rental opportunity options to choose from in Delhi NCR. The rental pricing in the Delhi National Capital Region is the best factor that makes people migrate to different cities. Making a firm decision cannot be easy because of the variety of factors involved and the most influential factor in rental pricing. One should consider factors like budget, proximity, public transport, occupancy, amenities, rent agreement documents, safety and security. People should weigh in on the perks before finalising a place to live.
Faridabad, Gurgaon, Noida, Panipat, Meerut, and Ghaziabad are the most preferred locations for people looking to live on rent in Delhi NCR. Read on to know more-
Faridabad
Faridabad is known as the largest city in the state of Haryana. It is located 25 km away from Delhi. Delhi is experiencing a shortage of land, which is why people have shifted their focus to Faridabad. The rental pricing in Faridabad is quite affordable with its easy proximity to Delhi, Greater Noida, and Gurgaon has made the increase in demand for property. It also has Gurgugram-Faridabad Expressway, which helps commuters quickly cover the distance between the two towns.
The approximate monthly rent for a 480 sq ft lavishly furnished apartment cost starts from around Rs 18,648
The approximate monthly rent for a normal area studio apartment cost is Rs 10,000
Gurugram
Gurgaon has become a hub of top corporate companies with the presence of over 500 MNCs and many Indian corporate companies. The rapid development in this NCR region has led to better living standards and plenty of job opportunities for everyone. Most people relocate to Gurgaon because of its moderate rental pricing. Golf Course Extension and Sectors 47, 50,55 and 56 are the most preferred location for people to live on rent.
The average cost of 2bhk rent will be Rs 22000
Students shifting to Gurugram for their studies and internship can opt to live in a 1bhk flat in the city centre, and that would cost around Rs 25000. (rental pricing may vary if you choose to live outside the city centre, i.e. Rs 14000- Rs18000.
For couples, rent for living in Gurgaon will be considerably high. A 2BHK apartment for rent in Gurgaon will cost around Rs 32000, while if chosen to live outside the city centre, the cost will be around Rs 22000 or more.
A 3 BHK for rent in Gurgaon will be perfect for a family and will cost around Rs 50000 in the city centre and outside the price may start from Rs 30000.
Noida
Most IT-related jobs are in Noida, and that's the reason why people tend to shift to Noida in search of better job opportunities. Noida offers smoother transportation, a better standard of living, better educational institutions, and many entertainment zones and shopping centres. Sectors 134 and 144 always stay in high demand for people looking to live on rent.
For bachelors, the rental pricing for living in Noida will start from approximately Rs 5000. The cost could cost less if you decide to live in sharing.
A 2 BHK apartment for rent in Noida will cost Rs 15000
The rental pricing of 3 BHK will range from Rs 18000-52000.
Ghaziabad
Ghaziabad is the most preferred choice of people when it comes to living in the Delhi NCR region. Its proximity to Delhi is remarkable; even people who work in Delhi or Noida tend to make Ghaziabad their home. The city offers good transport, facilities, good institutions and medical facilities.
The average rental pricing for living in Ghaziabad 1RK flats starts from Rs 7000.
A 2bhk flat for rent cost starts from Rs 8000.
If you plan to shift to Ghaziabad for rental pricing advantage, then the approximate cost of a lavish 3 bhk apartment will start from Rs 30000. If you are looking for an affordable 3 bhk flat in Ghaziabad, then it is available from Rs 11000-21000.
Meerut
Meerut is known as the fastest-growing city in UP after Ghaziabad and Noida. To relish the flavour of cake and other forms of sweets, people tend to travel to Meerut to savour their sweet tooth. It is one of the districts that come under NCR.
The average cost of living in a 1 bhk apartment in Meerut on rent will start from Rs 5500, approximately.
If you wish to relocate to Meerut with your family, then a perfect 2 bhk apartment on rent would be the best option. The average cost of living in a 2bhk apartment on rent will start from Rs 9500.
Karnal
Karnal is one of the cleanest cities in India under the government survey named Swachh Survekshan. Apart from being famous for its research centre, the city is also well known for its rich natural beauty and interesting monuments and buildings.
1bhk flat for rent in Karnal starts from Rs 13755 and can go up to Rs 22000 approximately.
2 bhk rental property in Karnal starts from Rs 15000, and if you wish to relocate with family, then a perfect budget-friendly 3 BHK apartment on rent could cost you around Rs 23000.
Panipat
Panipat is called the city of weavers because of its contribution to the manufacturing of blankets, carpets and bedsheets. There are a total of 96 localities in Panipat, so finding a perfect apartment for rent will not be an issue. Rental pricing of living in Panipat is mentioned below-
The cost of living in a 1 BHK apartment on rent starts from Rs 10000 approximately.
A fully furnished 2 BHK independent builder floor for couples starts from Rs 18000.
Also Read: Find Out The Tax Benefits of Renting Out Your Property