The rental market of Gurgaon has gone through its ups and downs along with the Indian real estate scenario. With the establishment of many offices and the convergence of the constant flow of professionals to the city from all over the country and the world, the importance of real estate rentals has greatly increased. Gurgaon is mainly noted for being the hub of multinational IT and BPO companies who prefer to set up their company branch by paying rent rather than owning property. Even professionals who come to the city to look for work are more interested in renting than investing in the purchase of a house as a permanent home.
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 period of time to execute their professional tasks or business goals. Sensing the growing demand for rental residential houses and office space, many real estate giants are now investing in building complexes for rental purposes.
In Gurgaon, one can access well-designed office spaces that are ideal for hosting high-grade corporate business units and running as well. The following information will give you a rough idea of the rate at which rents are given in different sectors of the city.
Old Gurgaon – The old part of Gurgaon is mainly considered to be the western side of the NH8. Old Gurgaon includes sectors like 14, 15, 17, 5, 10, 18, 22, 23 and Palam Vihar. The rental rates are comparatively higher in sectors 14, 15 and 17 than in other sectors of old Gurgaon. The rent for a 2 BHK flat would be between INR 8K and 12k, 3 BHK will be INR 15k per month while 4 BHK will be 20k.
New Gurgaon: New Gurgaon is the eastern part of the NH8 and the north of the Sohna highway. Sectors 28 to 57, the DLF phases, including Sushant Lok Phases the New Gurgaon. Rents for offices and houses located near MG Road and Golf Course Road are quite high. A 2 BHK flat will cost around 12k, 3 BHK will be 20k per month, while 4 BHK will be between 30k and 40k.
Rent for a 4 BHK detached bungalow on or near Sohna Road would be around 40k, 3 BHK would be around 15k and 2 BHK would be 12k per year.