Trends show that rise in the residential rental rates in Delhi will keep witnessing growth owing to the expansion in the IT/ITES in premium areas, as executives make a beeline for renting house in the vicinity of their work place.

Delhi like any other booming city continues to witness a rise in the leasing activity.

Soaring Capital Prices-A Trigger To Rentals

The rise in capital values of posh South Delhi areas like Vasant Vihar, Golf Links and Westend, coupled with fairly decent rental yields, have tempted a lot of small investors into buying properties in these areas.

That is one of the reason why rental values of apartments, flats and independent houses continue to rise even if new constructions are on and a considerable amount of housing space is getting added to the total capacity every year.

Another decisive factor for increase in rental values can be in some ways linked to the demand-supply ratio. Due to the continuous influx of people into the city, owing to the increasing number of corporate houses, and the associated job opportunities, the demand for residential houses is at an all time high and so are the rental rates.

Recent studies have reported that rental variation for the capital's prime and grade A residential properties during the first quarter of 2006 stood in the range of 10-25 per cent, as against the same period last year.

Residential Rental Properties in Delhi are available in various specifications and budget groups to meet the demand for a wide platter of client base, with different preferences. The same in Delhi are generally available in categories classified into rented apartments, flats, rented homes, penthouses, condominiums, etc.

There is an inherent trend where the rental values are decided on the basis of locations and areas. But the overall real estate boom in Delhi has had its toll on the rental values in Delhi residential properties even on the outskirts of the city (Saket) and the nearby suburbs.

Residential Rental Options - Make your Choice

Flat/Apartment Rentals: Apartment or Flat Rental values in Delhi are based on locations and specifications of the tenant. Rented apartment-hunters rather opt for 2, 3 or 4 bedroom apartments according to their choice and budget or in the high-end group seek luxury apartments which come with modern amenities and facilities like swimming pool, clubs, entertainment zone and gymnasium.

Rental Homes: Similarly, there has also been a growing demand for rental homes or independent homes in Delhi. Such rentals homes are usually the preference for corporate houses who take on lease large accommodative houses for their top-notch executives. Some of the common specifications of rental homes in Delhi beside independent homes are bungalows, condominiums, penthouses and farmhouses.

Service Apartments: Service apartments in Delhi are the new trend that is gradually catching up popularity among the corporate world. With tight and busy schedule as part of their lives the corporate world are now opting for 'homely' Service apartments in lieu of compact hotel rooms.

A serviced apartment in Delhi are available in all preferences from number of rooms, budget to luxurious, customized services with all amenities provided to make for 'a home away from home'. They can be rented at the directive of the customer from a day to a week, a month or a year.

The category also makes a cost effective alternative to hotel rooms, being an average of 15-30 per cent cheaper than hotel accommodation of an equivalent quality. Besides offering valuable services tailored to your needs they are an excellent value for money, keeping you well within your budget.