Reasons driving Vasant Kunj’s rental boom, South Delhi
While a micro-rental market’s desire is highly valued by renters and landowners.
In this post, we look into the reasons which maintain the tenancy trend alive in Vasant Kunj, South Delhi. Vasant Kunj is one of the city’s most affluent neighbourhoods, with rents in a few blocks reaching Rs 48,000 a month.
Vasant Kunj, which is home to a number of very well-Known figures, has a high rental interest in South Delhi owing to its well-developed transportation hub and commercial and business facilities. This wealthy neighbourhood, located in the Aravalli Range’s slopes alongside Delhi Ridge, is split into 5 sectors: A, B, C, D, and E, that is further subdivided into several pockets.Vasant Kunj is famous among renters, and majority inhabitants like the nature, convenience of living, and culture that the upmarket neighbourhood provides.
Various renting options
According to the postings reports, approximately 80% of the rental inventory in Vasant Kunj is composed of Delhi Development Authority (DDA) flats in 2- and 3-bedroom layouts that appeal to an upper-middle-class clientele. “Most renters choose semi-furnished flats that have a modular kitchen, air conditioner, heater, and closets. Vasant Kunj also has a plethora of Paying Guest (PG) arrangements and co-living areas, which are in high demand due to the proximity of top institutions such as Jawarharlal Nehru University (JNU), The Energy and Resources Institute (TERI), and the Indian Institute of Mass Communication (IIMC), all of which are within 5 km.
Despite its drawbacks Vasant Kunj is more popular than surrounding areas like Saket and Malviya Nagar, thanks to its affluent atmosphere and diverse rental alternatives. South Delhi, on the other hand, boasts a plethora of renting options. Consider Green Park and Greater Kailash, both of which have comparable characteristics. The typical monthly rent in these localities is from Rs 20,000 to Rs 55,000.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
