Gurgaon Q3 2015: Rental Property Tracker
• All top 5 markets based on rental availability are established residential markets with a few boasting of some commercial development as well. Most of these are posh localities with high rentals.
• Located in close proximity to Sohna Road, Sector-47 is one of the top markets based on both rental availability and rental yield. Besides housing luxurious abodes, the area is also home to some state-of-art commercial complexes such as Satya Element One.
• Sector 54, in close proximity to Golf Course Road is also seeing spurt in rental activity owing to rapid metro connectivity to Cyber city.
• Sector 50, along Gold Course Extension, has multiple residential options by leading developers in the Gurgaon market. Moreover, it is seeing spillover demand from neighboring Sohna Road.
• Sector 27, which features in both lists, is a posh locality that is seeing demand essentially from people working in MG Road and Cyber City.
• Sector 48 is home to some of the leading IT Parks such as Parvsnath IT Park and Well Done Tech Park which is driving rental demand here.
• Strategically located, Sohna Road is the top market based on rental yield. It boasts of excellent connectivity, is in close proximity to Delhi and has well-developed infrastructure.
• High rental yield in Sectors 57 and 69 is mainly driven by the presence of IT parks along the Sohna Road. Other factors attributing to high rental demand is the sound social infrastructure in the South City area.
The purpose
1) Help the consumer to understand availability of rental properties in Gurgaon.
2) Assist the consumer to understand the top markets for rental returns in the respective city. The data is taken from listings done by builders/ brokers/ individuals to rent out their properties through CommonFloor.com from Jul to Sept, 2015.
Disclaimer: The information provided in this Website is based on CommonFloor data which is collected from various publicly known sources viz, websites, documents and maps including CommonFloor’s proprietary data resources, and from the inputs of unidentified individuals. It ought to be considered as a guideline and not as absolutely certain. While care has been taken for groundwork, no responsibility is accepted for the accuracy of whole or any part. This information is absolute property of CommonFloor /maxHeap Technologies Private Limited. It should not be reproduced in any form, in part or whole, without prior written permission of CommonFloor. The information is provided on an “as is” and “as available” basis. CommonFloor expressly disclaim warranties of any kind, whether express or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose and non-infringement.
