Delhi Q2 2015: Rental Property Tracker
• Out of the top 5 rental markets, based on availability, Uttam Nagar tops the list. Located in West Delhi, it enjoys metro rail connectivity via blue line of Delhi Metro. In addition, it also enjoys direct connectivity to Gurgaon and Dwarka via NH-58. Robust infrastructure coupled with affordable rental values are other two major USPs.
• Next in line is Malviya Nagar. One of the affluent localities in South Delhi, it boasts of a well-fabricated social infrastructure along with good accessibility to the commercial centres of Gurgaon and South and Central Delhi.
• Vasant Kunj secured third slot mainly due to the aspiration value attached to it. Centrally located, it also enjoys proximity to Gurgaon and boasts of robust social and physical infrastructure.
• Fourth slot was secured by Mayur Vihar Phase-I. Swift connectivity to Noida renders it a residence of choice for several working in the IT and media companies in Noida.
• With healthy demand from the workforces of Okhla Industrial Area I, II, III and Nehru Place, Kalkaji stands at fifth position in top markets based on rental availability.
• Interestingly, Uttam Nagar and Vasant Kunj also featured in the list of top markets based on rental yield.
• Dwarka was the showstopper in terms of rental yield, followed by Mehrauli. Being one of the most developed residential properties in Gurgaon, it attracts IT crowd of Gurgaon due to relatively affordable rentals. In addition to metro connectivity through Sector 8 and 9 stations, Sector 23 also boasts of several eminent schools, making it a preferred rental destination for families.
• Situated next to Vasant Kunj, Mehrauli clocked second position on the rental yield meter. Accessibility via metro rail and proximity to Gurgaon has made it a hit among professionals in Gurgaon and students of nearby educational institutions.
• Located in West Delhi, Vikaspuri has also managed a slot in top markets based on rental yield. The area enjoys metro connectivity via Janakpuri (W) and Uttam Nagar Metro Stations. Moreover, the area is home to several schools that has made it a prominent rental address for families.
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