House rent increases by 15% in Dwarka sector 4
Multi storey apartments in Dwarka have witnessed a steep hike in rental prices and the Sector 4, which is located in the heart of Dwarka is enjoying a noticeable rise in rental prices.
As per sources, there is a 15 percent rise in the rental prices in Dwarka during July-September 2012 quarter sector 4. Owing to the introduction of the Delhi Metro rail, the demand and rental prices in the locality have gone up.
Rents of 1/2/3 BHKs have increased drastically. 1 BHK which was once available at Rs 6000 is now gone up to around Rs 10000 per month. Similarly 2BHK of 1100 sq ft and 3BHK of 1500 sq ft was offered for 12,000 and Rs 16,000 per month respectively, whereas now they are priced at Rs 16000 an Rs 20000 per month respectively. The price range is rising due to the popularity and development of the place.
Apart from residential development, number of schools and offices coming up in this area has also pushed the demand and hence rental prices have increased in Dwarka sector 4. Sector 4 is becoming one of the developed and posh areas in Delhi/NCR region. There are new residential projects that are coming up in Dwarka which offers good deals to the residents.
Dwarka is closely connected with the domestic and the international airport and is also well attached with different parts of Delhi by metro and DTC buses. The commercial development in the area such as large markets and shopping malls increases the proximity of Dwarka to become a favorable place to rent out for those who are professsionals.
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