This article talks of the prospects of investing in prime neighbourhoods of Delhi for high rental returns. Most of the neighbourhoods that have high rental yields are located in South Delhi.
South Delhi is one of the best areas to live in the national capital. The area has lots of greenery, good connectivity via the violet line of the metro railway and several markets with posh brands available. More than the infrastructure, the affluence attracts home buyers to this area now. Despite property prices have skyrocketed in the area, they still remain great investment destinations. The returns on investments in the area depend mostly on the rental income available.
Neighbourhoods such as Sarita Vihar, Vasant Kunj and Malviya Nagar have rental yields that range between 2.17 and 2.50 percent. Malviya Nagar is an affluent neighbourhood of south Delhi. It has good social infrastructure and is located strategically with respect to the commercial areas of central and south Delhi and Gurgaon. Malviya Nagar has the highest gross yield throughout the city. For a 2BHK apartment in the area, you have to spend around Rs 1.1 to 1.3 crores. It has always been counted among the preferred residential destinations of the city. The extension of the metro line has majorly impacted the rental preference of the area and its subsequent rental values. The rent yielded by the property is around Rs 2.7 to 3 lakhs per annum or Rs 22,000 to 25,000 per month. When calculated, the rental yield per annum comes to 2.5 percent per annum.
Sarita Vihar and Vasant Kunj have also shown healthy rental yields of 2.17 to 2.18 percent. For 2BHK flats for sale in Vasant Kunj Delhi, one would have to spend around Rs 1.2 to 1.6 crores. These apartments have a rental yield of Rs 22,000 to 24,000 in a month, or Rs 2.6 to 2.8 lakhs per annum. Compared to flats for sale in Vasant Kunj Delhi, flats in Sarita Vihar are less expensive at Rs 1 to 1.2 crores. The rental yield per month is Rs 19,000 to 20,000 or Rs 2.2 to 2.4 lakhs per annum.
Those working in Gurgaon and wanting to live close to their office and enjoy the convenience offered by Delhi prefer rentals in Vasant Kunj. On the other hand, Sarita Vihar is preferred for rent by those on a limited budget and with requirement of travelling to south Delhi, Noida and Faridabad.
Other prime neighbourhoods of south Delhi such as Shivalik, East of Kailash, Kalkaji and Greater Kailash I attract good rental returns. The gross annual yield from these neighbourhoods is 1.79 to 1.94 percent. However, compared to flats for sale in Vasant Kunj Delhi or Sarita Vihar and Malviya Nagar, these neighbourhoods are more expensive.
On an average, investments in south Delhi yield an average annual rental return of 2.5 percent. Therefore, if not for the sake of investment, one can also buy resale flats for living in. The social infrastructure and connectivity of the area is well-developed enough to support quality lifestyles. Prior to making an investment, buyers should account for both rental and capital appreciation to earn best returns on the money placed.
5 Easy Steps to Calculate Your Home Loan Eligibility & EMI
The desire to purchase a dream home usually stays on the list for many young individuals. However, the correct track to achieve this goal seems hazy at times with lesser options available for the buyers. In the present day scenario, this dream has quickly turned into active reality due to the availability of various banks and lending institutions who can grant home loans under easy steps.Find the ultimate deals on Glasses for Round Face Shape?
Glasses for round face shape are getting popular by the day. Round faces are often considered the most common face type globally. Purchasing the correct glasses for round faces are very important. It has to contrast your face shape and therefore picking one can be a tricky affair. Read our article today and you may find ways to get some good deals on glasses for round faces.How to Buy Spectacle Frames at Fair Prices in India?
If you keep abreast of the latest trends in fashion across the world and especially in India, you will know that eyewear is a significant part of our day to day lives and popular culture.