Finding a one room set on rent in Gurgaon is not
an easy task because of ever increasing demand. Well equipped with robust
infrastructure, active connectivity to Delhi and other nearby places, Gurgaon
has this special advantage over other places. Gurgaon has always been a booming
realty market, particularly in recent times and this has also impacted rentals
immensely. There are several factors that you need to keep in mind while
looking for a one room set on rent in Gurgaon.
According to several studies and reports that primarily based their findings on
yields, availability of rentals and other parameters, a majority of rentals
were found in both south eastern and southern
parts of Gurgaon.
Availability is thus deemed to be immensely high in the south
and south east, something you should bear in mind while seeking out a one room set on rent in Gurgaon. Additionally, this
has mainly been attributed to the skyrocketing values of properties in central
parts of Gurgaon on account of infrastructural growth and a steady maturation
of the market. However, the south and south east will take some time to reach the
stage at which central Gurgaon finds itself currently and hence the higher
availability of rentals in these two zones. Rental values and popularity
indexes are usually calculated on the basis of strategic locations, proximity
to several parts of Delhi and infrastructural facilities. On the basis of these
parameters, Sohna and Sohna Road have topped the list of most desirable rental
localities in Gurgaon.
Finding a 1 BHK for rent in Gurgaon can be
tough if you are focusing on Sohna Road alone as this locality gets the maximum
demand each year on account of all the advantages and connectivity benefits it
offers to residents. Capital values have steadily increased in areas like
Sectors 37 and 38 and this has shifted the attention of customers to sectors 92
and 81 among other similar areas.
The New Gurgaon region is also a hot spot for rentals as far as
the young, professional population is concerned. Proximity to the National
Highway 8 is a key bone of contention when it comes to choosing properties in
Gurgaon as well. This parameter alone has influenced a whole lot of choices
over the last few months. All these factors has impressed investors over the
years to invest in real estate properties in Gurgaon.
Rental yields have also been the highest in the Sohna and Sohna
Road localities which are quite natural as mentioned earlier. This has led to
an increase in investors seeking rental incomes in the locality and supply is
never an issue here at present. Additionally, some pockets of Gurgaon are
steadily falling prey to the perils of over population and congestion, thereby
leading to a spill-over effect into Sohna which is one of the fastest growing
localities of recent times. Rental yields are also quite high in places like
Sectors 69 and 57 which are both well linked to several IT Parks and social
infrastructural projects.
Sectors 48 and 57 are also witnessing huge demand on account of
metro railway connectivity and rental yields are decent here as well.
Due to the nearly perfect blend of these parameters, the owners
are getting high and satisfactory returns. The owners should be careful while
renting their property to great extent. I would like to share few important
points that every owner should keep in their mind while renting their property.
Decide on the rent: Do a
thorough check of the area’s current rental rates and price your rent
competitively. You can charge a premium if you have a well maintained and fully
furnished property.
Insure the property: Ensure you have the maximum insurance
cover for your property as the tenants are in control of your property.
Draft the rental agreement: The
rental agreement should provide details about the term of lease, monthly rental
amount and security deposit. It should also specify all the terms and
conditions such as who will pay for utilities like water, electricity and
maintenance charges. The purpose of tenancy should be clearly mentioned, such
as whether the property is being used for commercial or residential purpose. If
the rental agreement is set to expire and you and the tenant agree to extend
the term of lease for a specific period, then the extension should be done in
writing. Register the agreement: It is necessary to register the rental
agreement because only then it can be used as evidence in the court in case of
any legal action. The amount to be paid for registration and the stamp duty may
be borne by you or it can be split between both the parties depending on the
situation.
Police verification: Not running a background check is a
punishable offence under Section 188 of the Indian Penal Code. You have to fill
the verification form which can be obtained from the state police department’s
website. It must then be submitted to the local police station along with the
identification proof of the tenant. The local police can then conduct a
background check and give approval for the rental agreement.
