Rental values in cities are driven by various factors such as access to transport links, quality of civic amenities such as water and power as well as facilities management. Proximity to retail and entertainment centres is another major draw. Residential rental values at most locations, according to industry players, are expected to remain stable with a possible strengthening towards the second half of 2010.
Shveta Jain, national head, marketing & investment, residential, Cushman & Wakefield India, says most of the projects which were launched in late 2005 to early 2007 are expected to come into supply during 2010 and would essentially be in the suburban and peripheral locations of the cities. The expected supply would create considerable options in the market, keeping rentals in check. Investors/individuals who invested in under-construction properties can look at renting out their properties now. Owners considering renting out properties within central or prime locations can expect a significant rental income as there is a robust demand for such properties,” she adds.
According to a Value Analysis Report by Brix Research, the research arm of magicbricks.com, Noida’s rental values escalation started three months prior to the commissioning of Delhi Metro line in the city in November 2009. The localities that are expected to witness a major rise in rental values include Sector-71, Sector-15, Sector-46, Sector-93 A, Sector-30, Sector-15 A and Sector-62.
More : economictimes.indiatimes.com
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