From June to July, Delhi witnesses a flurry of students coming to the Capital for higher studies. Also, lots of college pass-outs settle down here for work. Generally, this time also sees a lot of movement in the real estate market as people start looking for appropriate accommodation in this city of dreams with sky-rocketing property prices.
Delhi (NCR) is an appealing destination that offers a plethora of opportunities, good places to stay (if you know where to look for), inclusive culture and delicious multi-cuisine food etc. For someone new in the city, the first concern is always about finding the right place to stay. While Delhi has no dearth of housing spaces to rent, getting it at the right price is difficult.
Here's a quick guide on rent prices in the 1BHK, 2BHK, 3BHK accommodations available in Delhi
If you are looking to hire a 1-BHK place, there are a plenty of reasonable options available in Delhi. You can find a decent place to stay in the Rs.4000-Rs.10000 range across Delhi. In fact, Noida, North Delhi, Gurgaon and suburbs of Delhi offer good options in the Rs.3000- Rs.6000 range. You can also find a good accommodation with water supply and sufficient security in South Delhi which is also a well-located place as airport, railway station and most commercial hubs are in close proximity to the area. One room apartments could cost upto Rs.15000 here.
When it comes to Delhi, there are comparatively fewer options in the 2-BHK range to rent. Builder flats are more common here, especially in South and Central Delhi. For eg: a decent accommodation in South Delhi, Kailash Colony, Lajpat Nagar will cost over Rs.18,000 per month. In some cases the rent may stretch to beyond 25,000 especially in the posh localities like Defence colony and Hauz Khas. In North, East and West Delhi, 2 BHK accommodations are available within a price range of Rs.9,000 - Rs15,000. In the 2 BHK range, Gurgaon and Noida offer a variety of options including apartments and builder flats across localities and sectors in the Rs.7000-Rs.18000 range. However, this area is afflicted with power and water supply problems. So, it is sensible to select a house that has a 24 by 7 water and power supply backup, even though it may come at a premium.
3BHK apartments are definitely a luxury in Delhi. Builder floors prices may vary across a high range starting from Rs.20,000. This may vary from locality to locality, builder to builder and quality of the property. Even in Delhi you may find prices varying from Rs. 20,000 to Rs. 50,000 within the same locality. Places like South Delhi are definitely at a premium while East and West are comparatively cheaper. Noida and Gurgaon are at a good advantage as these are comparatively newer planned cities and have flats integrated in to the housing system.
However, unlike earlier, house searching an easy task as Internet offers the convenience of browsing properties anytime. In fact, a lot of information flow in rel estate is being facilitated online. Sites receive over 50,000 visitors daily looking for buying renting and seleling properties including land and houses. Today, internet is one of the most relevant, trusted and easily accessible sources of information. While giving a fair idea on location etc one may reserach prices also before even setting foot in the offline property market.
For migrating Poulation
Educated population in towns is migrating in huge numbers to the Metros. Even though they are settled in their place of work, they have the urge to own properties in their hometowns. With brokers and builders in these towns scaling themselves to meet the needs of the migrated population, internet as an inexpensive medium is facilitating to showcase their properties and luring the migrated population in to investing in the home towns. Also for the migrating population, it is becoming easier to look for houses in their new place of settlement for eg: people from towns in Uttar Pradesh and Bihar are moving to Bangalore, Ahmedabad and other metros for work.
However, looking for a house in these towns requires a lot of field work, and language barriers inhibit communication. The first few steps of contacting brokers, searching house on the basis of type, budget and their requirement and short listing properties have become easy with real estate portals. Also people can learn about property and approximate prices in these cities through these portals. The property sites are also to an extent contributing towards aggregating and organizing real estate information under one roof, while facilitating its flow. Consumers are using property sites as information portals, as a means of researching real estate demand and supply dynamics and property prices in Indian cities.
Thus finding a property is at ones’ fingertips literally!
Aakriti Bhargav writes on behalf of 99acres.com , which is an internet portal dedicated to meet every aspect of the consumers needs in the real estate industry. It is a forum where buyers, sellers and brokers can exchange information, quickly, effectively and inexpensively. At 99 acres, you can advertise a property, search for a property, browse through Delhi Real Estate and Properties