Millennials these days move to different cities and tend to rent
houses as renting is cheaper than buying and makes sense for people who don’t
plan on staying in the city forever. Rental housing is essential in India.
Rental housing can also be termed as affordable housing and is picking up the
pace in the country. The government is discussing and coming up with ways and
means of easing stringent rent control norms, to make this necessity available
to everyone.
Be it a rented independent house in Bangalore, a one BHK in Mumbai,
or a 3BHK apartment
in Gurgaon, the rental yield is
low in Indian cities. The opportunity cost of holding on property in India is
higher as renting out property is not very profitable. The reason could be a disproportion between rents and rise in housing
prices. In India, there is no flourishing rental market. The rental market is
largely informal, which is why the rents and housing prices are not coming
closer.
Growing progression of urban areas and increasing population in
these areas are the demand generators of affordable housing. With the
increasing demand of for housing that is affordable but includes basic
amenities, affordable housing provisions are important at all levels. From a national point of view, affordable housing
indicates balanced growth in the country. Boosting affordable housing will lead
to better quality of life and at the same time will provide a thrust to the GDP
of the country.
The emerging corporate capital of Delhi NCR – Gurgaon, is home to a huge migrant population. The housing market
in Gurgaon is highly active, as many people come to Gurgaon seeking job opportunities. Various housing societies have
homes ready to be rented out and bought at the same time. Sector 49, Sector 42,
Sector 26, Sector 88A, Bhiwadi
Sector 15, etc. are some of the best locations for 3BHK in Gurgaon.
To buy best apartments in
Gurgaon, The Center Court offer
the best options.
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