Latest Answer: Demand for rented homes in Mumbai’s popular localities like Malabar Hill, Cuffe Parade fall, Delhi’s most sought after Vasant Vihar, Chanakyapuri and Shanti Niketan are also down by half in the last one year,
Q:Hi, I am Sushant. Presently I am staying in a PG.. But I am planning to rent a house. I have seen that the rent rates are pretty high in areas that I have enquired. Can someone tell me where I can find rent houses in Delhi at a lesseer rate? Or is there any chance of rates coming down?
Latest Answer: The supply of rental flats have come down but the demand for flats for rent in Delhi region has abruptly increased.. This imbalance has led to severe rise in rental rates. There was around 47% rise in rental rates in Kalkaji, 29% in Paschim Vihar, Mayur Vihar Phase I with 26% hike, Rohini and Patparganj observed 25%. Gurgaon’s DLF Phase V area in NCR has seen 50 percent hike in rental values in the last 2 years because of its vicinity to Gurgaon’s business district .
