Commercial properties for Rent in Delhi

As the capital of India, Delhi has a wealth of employment opportunities for locals and immigrants alike. From the beginning, the city has seen an influx of people from all over the country, either for work or to live permanently. Hence, the need for rental properties has increased by a great margin. Most locals invest in properties and put them out on rent to incur an investment return. The onset of the pandemic brought down the rental market value as most citizens returned to their respective hometowns. The rental market suffered extensively, especially with students and bachelors as the main market niches. However, as compared to Noida and Gurgaon, the rent prices are affordable and low in Delhi post-pandemic. Delhi offers a variety of property types for rent, such as studio apartments, builder floors, apartments in various unit sizes within apartment complexes, and villas for rent.

Market Trend for Rent in Delhi

This quarter, April–June 2022, the rental market in Delhi had a stronger position than in prior quarters. The migrant workforce's relocation was the major factor in this trend. Rental rates increased by an average of 10–15% and vacancy rates decreased compared to April–June 2021 during the examined quarter. Dwarka Sectors 21 and 22, Vasant Kunj, and Chattarpur in Delhi, as well as neighbourhoods like Mukherjee Nagar and Hudson Lines close to the north campus, continued to rank highly in terms of popularity. Other than builder floors, the number of guests staying in paying guest rooms increased. This industry was heavily affected by the COVID-19 epidemic and the following waves. In addition, the average rental price increased annually by 1% to Rs 81.5 per square foot per month. Overall, Delhi's housing market experienced growth in both the buying and renting sectors as consumers regained optimism in the real estate market. Top Localities with Price Trends for Rent in Delhi The following table enlists the top localities in Delhi with the highest price trend for rent -

Locality	Average Rent Price
Chattarpur	Rs. 9,638
Patel Nagar	Rs. 14,500
Vasant Kunj	Rs. 18,743
Mayur Vihar Phase 1	Rs. 10,952
Malviya Nagar	Rs. 18,337
Saket	Rs. 12,135
Uttam Nagar	Rs. 7,748
Govindpuri	Rs. 9,034
Greater Kailash	Rs. 31,803
Laxmi Nagar	Rs. 9,226

Top Localities for Rent in Delhi

The top localities for rent in Delhi are - Vasant Kunj Mayur Vihar Phase-1 Greater Kailash Chattarpur Saket Uttam Nagar Patel Nagar Laxmi Nagar Govindpuri Malviya Nagar

Delhi Property for Rent by BHK Type

The table below illustrates the price trend for rent by BHK type in Delhi -

Locality	Average Rent Price -BHK Type
	1-BHK	2-BHK	3-BHK
Malviya Nagar	Rs. 7,000 - 35,000	Rs. 6,000 - 50,000	Rs. 18,000 - 1 Lakh
Vasant Kunj	Rs. 6,000 - 30,000	Rs. 6,000 - 2 Lakh	Rs. 6,000 - 4 Lakh
Govindpuri	Rs. 6,000 - 18,000	Rs. 3,000 - 21,000	Rs. 9,000 - 35,000
Saket	Rs. 1,500 - 45,000	Rs. 2,700 - 75,000	Rs. 14,000 - 1 Lakh
Patel Nagar	Rs. 6,000 - 26,000	Rs. 4,500 - 50,000	Rs. 4,500 - 90,000
Mayur Vihar Phase-1	Rs. 5,000 - 25,000	Rs. 6,000 - Rs. 37,000	Rs. 7,500 - 51,000
Uttam Nagar	Rs. 3,000 - 25,000	Rs. 4,000 - 22,000	Rs. 2,500 - 32,000
Chattarpur	Rs. 1,100 - 25,000	Rs. 1,000 - 28,000	Rs. 7,500 - 1 Lakh
Greater Kailash	Rs. 10,000 - 75,000	Rs. 11,000 - 1 Lakh	Rs. 25,000 - 1 Lakh
Safdarjung Enclave	Rs. 8,000 - 1 Lakh	Rs. 5,000 - 1 Lakh	Rs. 18,500 - 2 Lakh
Paschim Vihar	Rs. 3,500 - 26,000	Rs. 5,500 - 35,000	Rs. 7,000 - 75,000

Delhi Properties For Rent - Zone-Wise

As one of the world's largest metropolises, Delhi has a diverse cultural landscape. According to its geographic location, the city is divided into five zones: Central, North, South, West, and East. The neighbourhood, tourist attractions, and amenities play a major role in the dynamic of the rent prices of the properties in every zone of Delhi. Locality and rental demand determine rental rates.

West Delhi - North Delhi - South Delhi - East Delhi - Central Delhi

The average rent price may vary as per the real estate market dynamic graph. However, the average rent price for the different Delhi zones is given below - West Delhi The average rent price ranges between Rs. 5,000 to Rs. 60,000 depending on the property type and locality. Numerous localities such as Uttam Nagar, Rohini, Janakpuri, Paschim Vihar, and Rajouri garden are considered the best places to live on rent. East Delhi Top localities such as Mayur Vihar Phase 1, Mayur Vihar Extension, New Ashok Nagar, Trilokpuri, and Laxmi Nagar have the most properties available for rent owing to the close metro connectivity. The rent price in East Delhi ranges between Rs. 5,000 to Rs. 45,000 based on the property type. South Delhi In South Delhi, top localities such as Saket, Greater Kailash, Malviya Nagar, Vasant Kunj, and Chattarpur have a multitude of housing options for rent. The rent price ranges between Rs. 5,500 and goes up to Rs. 5.5 lakhs. North Delhi North Delhi is mostly known for its student crowd, owing to the several renowned universities in place. One can find a range of properties available for rent. Top localities such as Kamla Nagar, Model Town, Hudson Lane, Mukherjee Nagar, and Civil Lines provide rental housing options in the price range between Rs. 3,000 to Rs. 1.6 lakhs.