Now a day’s buying a Residential Rental property is the better option. Because increasing unemployment due to recession or other reasons are resulting to the people not able to pay their finance payments so that they are losing their homes. This situation has forcing the people to move into rental apartments at their cheaper accommodation. So by seeing this condition it’s better to invest on a rental property. Huge number of people is coming to Delhi, the national capital city to various reasons. Due to the real estate market prices are increasing in Delhi most of the people are planning for rental rather than buying residential property to stay in the city. So Delhi Residential Rental property demand has increased and the value of the property is sky-touching. Also the rental value for the residential properties has increased.
The main localities like Shanti Niketan, Vasant Vihar and Defence Colony in South Delhi the rental value has increased compared to previous years. Vasant kunj became to known as the most affordable rental place for middle income group in South Delhi. Vasant Kunj commanded rents of Rs.21, 897 in the first quarter, Rs.22, 910 in the second, rose to Rs.23, 414 by the third and ended the year at Rs.23, 440. This signifies a 7 per cent rise in rental values from the first to the last quarter.In East Delhi Mayur Vihar is one of the most required place for the people and there is a 34% major increase in the rent in the period of a year. Here presently 3BHK apartment average rental value will be RS.22,000. Mayur Vihar is very popular place in East Delhi because the people who are working either in Delhi or Noida there will be easy accessibility from Mayur Vihar to Delhi or Noida will available.Buy property in gurgaon as gurgaon is
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The Rental value in Pitampura in North Delhi has increased almost 8% from first quarter to fourth quarter. In the first quarter the rental value is RS.6, 923 and in the fourth quarter the rental value is RS.7, 349. Janakpuri in West Delhi the rental value has increased at most 14.7% from first quarter to fourth quarter in the year. In the first quarter Janakpuri rental value is RS.5, 093 and at the fourth quarter the rental value is RS.5, 840. According to 2010 the rental values may hike due to residential apartments in selected localities which are preferred by many people. In these selected localities the Delhi residential property in Delhi rental price may increase from 10% to 20%.
