What is the rental market going on Pitampura?

Q: Most of the investor sentiment will hit on rental trend in Pitampura.

Bhuvan, Delhi-NCR

17th February 2015

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Replies (4)

Hi Mr Bhuvan ,

As per different sources, Businessmen constitute almost 60 per cent of the tenant population followed by service sector and students. Most properties here are either builder floors or apartments. A 2BHK unit costs you Rs 55-90 lakh. Larger homes are priced higher at Rs 75 lakh to Rs 1.5 crore. Sizes vary from 1300-1800 sq ft but prices depend on the location.

Rajesh, Delhi-NCR

17th February 2015

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According to my knowledge, North Delhi is known for its numerous colleges. While some prefer staying close to college, many others who may have only 2-3 classes per week choose to opt for residential areas close to these educational institutions. All this has favoured investors here who do not want to sell off their properties as it is a source of constant rental returns.

Raj Roy, Delhi

17th February 2015

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As per my knowledge, properties here are now available for Rs 80 lakh and above. Although supply of new properties has increased by a small proportion, most home owners are relying on rentals than proceeds from sale. Rents vary from between Rs 5,500-35,000 per month depending upon the exact location and size of the house, facilities provided - example, water supply, ACs, geyser and food.

Jay, Delhi-NCR

17th February 2015

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Hi Bhuvan ,
While property market has been sluggish for quite some time now, there is no denying the fact that the rental market has not correspondingly dropped. In fact, if you are an investor, you would know the best alternative to cash in from this slowdown. Therefore, a lot of house owners who went in for re-development are giving their properties on rent.

Sufia, Delhi

17th February 2015

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