Exploring Indian Cities

1. Mumbai

Mumbai is the financial Capital of India. Its home to the one of the largest business hubs, the film industry and excellent infrastructure. South Mumbai, Bandra and Andheri are famous and prime locations which includes high rents luxury apartments. The rent prices are pretty high because of scarcity of spaces and high demand. Apart from that it is also the entertainment capital of India so it continues to be India’s most expensive city for renting Home.

2. Delhi

Delhi is the national capital of India. The city is famous for its political significance, elite educational institutions and also as a business district. Hauz Khas, Saket and Connaught Place are famous and prime locations which includes high rents luxury apartments. The rent prices are more because of rapid urbanization.

3. Bengaluru

Bengaluru is the “Silicon Valley of India”. Its home to the one of the largest IT parks, Start-ups and Coworking spaces. Bangalore attracts working professionals from across the country and the globe. Koramangala, Indiranagar and Whitefield are the famous and prime locations. The rentalprices are high because of constant demand from working professionals and pleasant climate.

4. Chennai

Chennai is a major industrial and cultural hub of South India. Its famous for growing IT sector and infrastructure development. Chennai attracts both professionals as well as students as renters. T.Nagar , Adyar and Anna Nagar are famous and prime locations. Chennai has also seen a sharp rise in rental prices

5.Hyderabad

Hyderabad is one of the sought-after destinations. Its home to the largest multinational companies. The city attracts tech professionals and NRIs for settlement. Gachibowli, Jubilee Hills are the famous and prime locations. The rental prices are high because of booming IT industry and planned infrastructure.

6.Pune

Pune is the technology and education hub. The city is popular for young IT professionals. Baner, Hinjewadi and Viman Nagar are the famous and prime locations. The rental prices are high because of proximity to the Mumbai city and also for its pleasant climate.

7.Ahmedabad

Ahmedabad is a rising commercial and central zone and traditionally considered more affordable. Satellite, Prahladnagar and SG Highway are the famous and prime locations. The rental prices are high because of expanding business and industries.

8. Kolkata

Kolkata is the blend of colonial and modernity. Kolkata is also developing quality apartments. EM Bypass, Salt Lake and Ballygunge are famous and prime locations. The rental prices are high because of growing IT industry and well-developed areas.

9. Noida / Greater Noida / Gurgaon

These NCR suburbs have transformed into business hubs. Gurgaon, Sector 50(Noida) and sector 137 (Greater Noida) are famous and prime locations. The rental prices are high because of employment opportunities and proximity to the Delhi city.

10. Surat

Surat is becoming famous for booming textile and diamond industry. Vesu, Adajan and City light are famous and prime locations. The rental prices are high because of increase in working professionals and increase in Start-ups.

Rental Prices

1. Mumbai: Rs 30k to 45K per month for 1BHK

2. Delhi: Rs 30K to 40k per month for 1BHK

3. Bengaluru: 35k per month for 1BHK

4. Chennai: Rs22K to 30K per month for 1BHK

5. Hyderabad: Rs 24K to 29K per month for 1BHK

6. Pune: Rs25K per month for 1BHK

7. Ahmedabad: Rs25K per month for 1BHK

8. Kolkata: Rs25K per month for 1BHK

9. Noida / Greater Noida / Gurugram: Rs23K per month for 1BHK

10. Surat: Rs18K per month for 1BHK.

Note: All the rental prices mentioned above are all approximately calculated on average basis and calculated with respect to prime residential locations

Ideas

1. Prefer Owner Listed properties to avoid Broker Fees

2.Check out the maintenance quality

3.Decide to take furnished or unfurnished apartments based on duration of stay

4.Use the rental receipts for House Rent Allowance Claims (for salaried individuals).