GURGAON Q1 2015: Rental Property Tracker

Salient Features:

• Out of the top five markets in Gurgaon based on rental availability and yield, maximum were skewed towards the south and south eastern part of the city. This can mainly be attributed to the higher property values in the Central Gurgaon as the markets there have become more matured.
• Excellent connectivity, strategic location, proximity to Delhi and well-developed infrastructure have made Sohna and Sohna Road score positive on the rental graph of the city.
• Increasing capital values in sectors like 37 and 38 have made people opt for sectors like 81 and 92. The New Gurgaon region is also being preferred by the working population of IMT Manesar, which is situated in the vicinity and enjoys swift connectivity via NH-8.
• Sohna and Sohna Road have also secured position in the list of top markets based on rental yield.
• Sohna is an emerging city, adjoining Gurgaon, which caters to the spill-over demand from Gurgaon in addition to the demand by localities. The region is also benefiting from the existing and planned industrial developments such as IMT Sohna and Ascendants IT SEZ.
• High rental yield in Sector 57 and 69 can mainly be attributed to the presence of IT parks along the Sohna Road Corridor and sound social infrastructure in the South City area.
• Sectors like 57 and 48 are flourishing due to existing metro connectivity and integration with the rapid metro, which renders good connectivity between the residential and commercial sectors (DLF Cyber City).
• Not to mention, the presence of huge employee base operating from several MNCs, IT/ITeS spaces and Cyber parks has kept the residential rental demand robust in Gurgaon. 

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