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Imran Ansari
posted on 5 MayNew Delhi's rent surge: Kya karein?
New Delhi ka rental market toh pagal ho gaya hai. My kids have moved out, so I'm selling our big house for a smaller flat, but looking at rentals in places like Sector 15 Dwarka, I'm shocked. People say rents are up 30-40% in just two years. Is this justified? Will it stabilize soon, ya aise hi badhta rahega? Also, for us older folks considering buying a compact place for some rental income later, is the rental yield still making sense? I'm honestly not sure if buying now for future rent is a good idea.
#new-delhi-rentals#dwarka#rent-hike#rental-yield#property-investment
Comments
For older folks considering buying for rental income, I'd say be very careful. My uncle bought a small flat in Dwarka last year, hoping for good rental yield. But the maintenance charges are so high, and finding reliable tenants is a huge headache. He's barely breaking even after all expenses. It's not as passive an income as it seems. Do your homework on all hidden costs.
True, but if you get
That's a valid point about maintenance and tenant issues. My parents faced similar problems with their property near Aram Bagh. They ended up selling it because the hassle wasn't worth the small returns. Rental yield isn't just about rent collected, it's about net income.
I've been tracking this for a while. The rent surge isn't just a Delhi thing, it's happening across major metros. Post-pandemic, people moved back to cities, demand shot up, but supply didn't keep pace. Plus, many owners who were earlier lenient are now trying to make up for lost income during COVID. Is it justified? Maybe partly, but 30-40% in two years is definitely an overcorrection. Builders are also holding onto inventory, hoping for better prices, which further squeezes the rental market.
So, will it stabilize then? Or just keep going up?
Totally agree with your point about post-pandemic demand. I spoke to a broker in Ansal Villas last month, and he said he has a waiting list for good properties. Owners know this and are quoting higher. It's pure demand-supply economics playing out.
Same here! We were looking at a 2BHK in Alaknanda and the asking rent was insane. How are middle-class families supposed to afford this? I'm worried if I buy now, the EMIs will be even higher than these crazy rents. Kya karein?
U6 is right. But the initial down payment is the biggest hurdle for us first-timers. Savings kitni bhi kar lo, kam hi padti hain.
U2, I feel you. EMIs are definitely higher than rent in many cases right now, especially with interest rates. But rent keeps increasing, while your EMI stays somewhat stable (unless floating rate). It's a tough choice, but buying gives you an asset.
Yaar, totally agree with the original post. Dwarka toh chodo, even in areas like Anand Vihar, rents have shot up like crazy. My landlord increased rent by 25% just last year! So frustrating for first-time renters like us.