There has been an immense real estate growth in the commercial as well as residential sectors of Gurgaon. This city has become the corporate centre of India. Reputed builders, real estate consultants and realtors get attracted towards this city. They all have a desire to make their commercial as well as residential deals in this city. The ever increasing urbanization and the rising residential and commercial significance of Gurgaon have influenced many people to desire to own a property in this city.
The growth in the real estate business in Gurgaon has led to a growth in the property dealers in Gurgaon. It is like a rat race among all the dealers. Every real estate company in Gurgaon wants to crack a deal owing to the exorbitant property rates.
Rental Property in Gurgaon – Commercial
With property rates touching the sky, the trend of Property Rental in Gurgaon is increasing rapidly. Many MNCs and other sectors find rental property in Gurgaon a better and good option as compared to buying a property. Renting a property is more profitable and gives higher returns. The difference between the capital value and rental prices of property forces the corporate sector to go for rental property. While the capital value of some commercial destination is Rs14000-Rs15000 per square ft., the same property on rental basis is Rs100-Rs125 per square ft. So, this makes quite obvious that rental property is more feasible.
The commercial rental property is available with services like data wiring, housekeeping, security, internet connectivity and electrical provisions. Hence, if you are thinking of getting a rental property for your office, you do not have to worry about the basic amenities and utilities.
Rental Property in Gurgaon – Residential
Residential Properties are considered as Luxury properties Gurgaon owing to the exorbitant prices of the apartments and flats. There are many well-built and comfortable apartments in Gurgaon that comes under the section of rental property in the real estate world. These apartments and flats are available for rent and also on company lease. Rental apartments and flats offer affordable and convenient living options to the people. After living here for few months, they become almost like a home for them.
If you have your own apartment and flat in Gurgaon, renting it is the best option. By renting an apartment, you get a fixed source of income every month. There is an advantage for the tenants also. Rented apartments do not come with the complications of rent agreements that demand a minimum rental period of 11 months.
If we consider Commercial rental properties and residential rental properties, the former gives higher profitability and higher returns because they have much higher rents. And hence, every real estate dealer in Gurgaon wants to make a deal in renting a commercial property. As far as residential rental property is concerned, they can be acquired at an affordable rate through negotiations.”