The prime reason as to why people are craving for property in Noida is that the city is up-and-coming as an IT hub and it is for this reason people flood this city looking for an employment opportunity. In addition, enhanced connectivity with other Delhi/NCR cities, comfy lifestyle and all fundamental facilities are accessible in the city that one can think of. With the advent of IT and BPO companies, more and more people are on the lookout for housing in Noida. Based on a report there has been a growth of more than 75% in rental prices in the past few years.
Most of the real estate developers are renting out their property, well furnished, as people prefer them for rent in this day and age. The city has plentiful property selections available like individual plots, flats, villas and stylish apartments. This is for the most part because Noida is positioned in Delhi/NCR and its setting is the prime cause for people choosing to rent out the property. Properties are also obtainable in Noida for the rental purposes in both the residential and commercial sector. Almost all of the constructors and real estate developers working on new townships normally desire to offer the properties on rent since the demand for fully furnished properties available for rent has significantly increased in the past few years.
Rental value of residential property in Noida
The value of the residential properties in Noida depends upon the neighborhood of the sector.
Sector 11-15A: The rental value in this area is around Rs.8000-50000.
Sector17-23: This region has a rental value of Rs. 10000-12000.
Sector 26-33: Rs.10000-12000.
Sector 34-40: Rs.9000-12000.
Sector 41-47: Rs.9000-16000.
Sector 48-52: Rs.10000-15000.
Also based on your preference whether you need to rent a 1BHK, 2BHK or a 3BHK, the charges may possibly show a discrepancy. The cost for 1BHK might range from Rs.5000 while 2BHK can range from Rs.7000 and 3BHK Rs.12000 and also depending upon the locality. The demand for commercial sector rentals have are increasing since many developers are offering cooperate investors with up-to-the-minute amenities.
The most excellent aspect regarding the commercial office space in Noida is that, it is principally extended across many sectors and not huddled in one particular area. Sector 1 to 6, 10, 16, 16A, 18, 51, 52 and 57 to 62 are the sectors that brag of modish markets, office space and larger-than-life malls. At the same time, numerous commercial avenues are also coming up in sector 21, 28, 29, and 37.
Some things to be checked in the lease:
Rules for subletting.
Person answerable for repairs.
Rules regarding keeping pets.
Person in charge for paying for utilities.
List of changes that are allowed to be made in the apartment like drilling a hole in the wall.
Rules concerning infringement of the lease.
Do not sign a lease if you feel uncomfortable with any of its part.