I have a very good owner.. I have been staying in a flat in Vasundhara for past 5 years, and the rents in that area have grown very high. Though my neighboring flat owners have raised the rent of their flats, my owner has not increased my rent. He is a honest person and I really appreciate him.
Hi Ghose, properties in Noida and DLF Phase V have witnessed great rise in rentals. With the entry of Metro, areas including Indirapuram, Vaishali, Vasundhara and others have also observed significant rise in the rental values. Malviya Nagar, Lajpat Nagar, Safdarjung Enclave, IP Extension, Kalkaji and Paschim Vihar have also witnessed high growth.
A DDA flat offered at Rs 18,000 in Mayur Vihar, East Delhi around six months ago is now rented at Rs 20,000. The rates have increased in almost all areas of Delhi..
Few years ago, South Delhi stood first in terms of rising rental rates. But now, rental properties are in demand in most of the parts of Delhi-NCR. This change is because of the changing lifestyles of residents, modern facilities available in the surroundings and kind of infrastructure present in the area.