Gurgaon Rental Market, Facts and Figures

A View Of Gurgaon Rental Apartments and Cyber City

Gurgaon rental industry has boomed over the years and a large number of residential apartments, builder floors, villas and studios have been rented out till date. This cost of renting in Gurgaon has seen its ups and downs especially. Moreover, after the demonetization effect of 2016. Here are some of the ongoing stats, trends and forecast about Gurgaon rental market:

Average Rent Of Residential Apartments/Builder Floors/House/Villas/Studios/Service Apt & Flats In Gurgaon:

Property Type Average Cost (INR)
1 BHK 5,000 to 35,000
2 BHK 6,000 to 37,000
3 BHK 10,000 to 60,000

Trends

Rental in Gurgaon for any property may be differentiate on factors like apartment and societal amenities, built up area of apartment, locality, etc. It should be noted that all of these facts don’t include rental prices for luxurious and high end apartments of Gurgaon.

While Gurgaon rental prices are showing a dip in most of the sectors, a few sectors like 67, 67A, 77, 78, 81, 88A, 89, 92,103, etc have shown an upward rental scale. The downward pull in rental cost after demonetization, has been witnessed in some of the most well developed and established areas or sectors of Gurgaon.These include areas like DLF City, DLF Phase 2 & 4, Golf Course Extension, Nirvana Country, Malibu town, Mg Road and sectors like 22, 15, 30, 45, 50, and 76.

Forecast

This year we have already witnessed a minimum dip of 0.36% in Gurgaon rental properties and also a massive increase up to 11.97% . The future tells us there could be estimated minimum increment of 0.5% and maximum up to 12 or 13 % in the rental prices of residential apartments, builder floors, studios, house or villas.

For up to date information related to Gurgaon rental and Gurgaon real estate, bookmark FastFox.com/blog.

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