This has led to a void space in demand and supply of residential rental space in Gurgaon.

Residential rental is one of the most sought after avenues of Gurgaon real estate, primarily driven by its huge professional workforce employed in the aforementioned industries.

As more and more people are moving into the city, there has been a great demand for residential rental space like renting apartments, independent houses, service apartments, etc. Moreover, renting an apartment is considered the most viable option when you are on the move, citing job changes or transfer.

Rental values of residential areas in prime localities of Gurgaon is on the upward trend just as its capital value and is likely to go up owing to high demand and paucity of good quality space. India's real estate majors like DLF, Unitech and Ansals have developed a number of quality townships in Gurgaon encompassing freehold land, apartment buildings and villas to cater to the needs of various segments.

The demand for Gurgaon residential rental properties can be attributed to the gap in the demand and supply that has been created in the wake of the influx in population. Strategic location, good connectivity, tailor-made facilities and professionally managed property are some of the factors which have made Gurgaon the base for corporate houses and consequently the residential base for the staff associated with it.

However, industry experts believe that as the total demand from various sectors is expected to fall short of the total available supply, rental values for home on rent in Gurgaon will remain soft in the short to medium term, with not much appreciation.

As property prices in Gurgaon continue to be on the up rise, and a large chunk of people with disposable incomes sought to invest in Gurgaon property; as it is considered a better option in terms of returns on investment (mainly in the short run) and the potential for rental income. However, with increasing home loans rates, there has been a slight hitch in investors decision to buying property and rather opt for rented accommodation.

Gurgaon residential rental properties are available in various specifications to meet a wide range of customer base. The residential rental properties available are generally classified into rented apartments/flats, rented homes, penthouses, condominiums, etc.

As more and more people are moving into the city, there has been a great demand for rental apartments.

Mostly, the rental values of rented residential properties vary accordingly to locations and placements. Locations like the DLF city and central areas like Sushant Lok definitely cost more than the other developing areas.

As Gurgaon continues to witness a rise in the leasing activity, the rental values of apartments/flats and houses continue to rise even if there are large number of constructions going on and people are renting out apartments.