Rental
Homes in Gurgaon
Gurgaon has fast developed into a hub for some of the major
corporate houses and MNCs in the last couple of years. Besides
propelling the demand for commercial office spaces, the large
influx of corporate executives and expatriates into the city
has opened the space for rental homes. Most of these residential
rental properties targeted are for high-end consumers
and corporates who opt for the independent houses either on
corporate leases or in keeping pace to their living status.
Rental property in Gurgaon
is very much in demand these days in various specifications
such as independent houses, villas, penthouses, condominiums,
etc. And demand from expatriates, companies and high networth
individuals continue to drive the independent houses rentals
market in prime areas of Gurgaon. Besides, with limited
supply of good housing, landlords manage to attract high
paying tenants. Reports say that Gurgaon witnessed an appreciation
of more than 30 per cent in rental value of independent
houses. Another important reason for the hike in the capital
and rental value in Gurgaon is the start of operations of
the Gurgaon Expressway and the news that the Metro will
soon reach this city.
Statistics show that indicative rental rates of independent
houses in Gurgaon at the range of US$18,600 - 37,000 per
annum, though vacancy rates remain moderate. However, the
scenario of high demand and average supply of independent
bungalows is sustained. There have also been a few instances
where old independent bungalows were renovated to meet the
demand of the up-market and contemporary demands of the
consumers. Even though expatriate enquiries are expected
to increase with economic growth, industry experts believe
that rentals will remain stable with anticipated supply
and demand.
Another, high demand segment of rental homes in Gurgaon
is the luxury home segment. These include penthouses, condominiums
and villas. Luxury residential projects like Gurgaon One Sector 84, DLF Aralias, The Laburnum, Unitech Nirvana Country, Central Park 1 and Lagoon at Ambience Island are favored by expats and senior managers. These high-end independent houses come in with
features like Italian marble floors, shower cubicles, Jacuzzis,
a gym, personal elevators, car-parking facilities and saunas
besides swimming pools. Besides they have the ambience to
give the inmates the feel of five-star luxury. Besides,
penthouses provide top of the line facilities like there
are facilities like exclusive clubs and pools. Some of the
penthouses in Gurgaon have added up to its luxury features
by offering eco-friendly water management and waste management.
Similarly, demands have been seen in for villas and condominiums.
These have lately been of much fascination to the expats
and corporates who seek a better lifestyle and are the therefore
the favorites of the rich and the famous. Villas like Aspen Greens, Birch Court, Espace, Deer Wood Chase, Cedar Crest all at Nirvana Country are also preferred.
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