A high-end apartment spread across an area of 4,200 sq ft was leased for a rental value of Rs 1.2 lakh per month. The apartment, located in the peripheral location of Gurgaon, is a part of a high-end residential apartment complex was taken on lease by a reputed corporate for use by their senior executive. The average rental value for high-end residential has been commanding rental values in the range of Rs 1 to 1.75 lakh per month which has stayed stable in the last quarter largely due to adequate supply for the current demand.Gurgaon, being one of the key commercial office hubs in the NCR, has witnessed steady demand for rental residences in the region. Going forward, we expect the rentals to remain stable largely to ensure that demand continues to be buoyant as rental market is more sensitive to sudden changes in values. In addition to this, the improvement in infrastructure with the new metro lines and other social infrastructure, the location has started to attract people from other parts of the national capital region (NCR) to create their residences in the region.
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