The southern part of Delhi is considered one of the most opulent parts of the capital. The southern district comprises the posh areas like Greater Kailash, Hauz Khas, Defence Colony, Lajpat Nagar, Chittaranjan Park, Alaknanda, Green Park, Gulmohor Enclave, New Friends Colony and Vasant Kunj. The land prices here are the highest after Lutyen’s Zone in Delhi. Most populous areas such as Sarojini Nagar market, Lajpat Nagar market, M-bloack market etc. and shopping malls such as Dlf, Ansal Plaza, Select Citywalk etc are located in south Delhi. Hence the rent of properties in this part is extravagant.
The rental for houses or flats in posh areas ranges from Rs.3000-15000 per month. It can be both furnished as well as non-furnished. Affording a rental house here is pretty expensive and can set you back by a couple of thousand bucks quite easily. For example, a 3 BHK Builder Floor Apartment in Greater Kailash-1 comes for Rs.1,00,000 per month, 2 BHK Builder Floor Apartment in Defense Colony comes for Rs.1,00,000 per month. But the rental for accommodations varies from area to area. A 3 BHK Builder Floor Apartment in Greater Kailash-1 comes for Rs.1,00,000 per month but a 3 BHK Builder Floor Apartment in Greater Kailash-2 comes for Rs. 40,000 per month. The rent increases a considerably if the apartment is furnished. A medium sized furnished apartment for rent in South Delhi normally has the rent higher than Rs.30,000. Not only residential areas but also commercial properties are pretty expensive in South Delhi for its location. We can sight a few examples. Commercial office space in Greater Kailash-II comes for Rs. 2,50,000 per month, a commercial office space in Lajpat Nagar-IV comes for Rs. 95,000 per month, commercial office space in Defense Colony comes for Rs. 10,00,000 per month. Again, the rental for commercial properties in southern district of Delhi varies from one area to other.
Agriculture properties are also available in South Delhi. The rental for agricultural properties such as farm houses is also quite exorbitant. One can make that out from a few examples such as a 4 BHK Farm House in Vasant Kunj comes for Rs. 3,00,000 per month, 6 BHK Farm House in Vasant Kunj comes for Rs. 4, 25,000 per month. But one must be very careful while making a choice. There are a number of criteria that one must check before selecting or buying a property. One must always ask for the original “Title Deed” or “Certificate of Title”. Then the “Encumbrance certificate” to make sure that the land is not under any sort of legal dispute. Property taxes which are paid to government or municipality are a first charge on the property. Enquiries must be made in government and municipal offices to ascertain whether all taxes have been paid up to date. Hence, one must always check the tax receipt and the bills. Some people take loan from the bank by pledging their land. So, one must ask for the release certificate issued by the bank, which is signifies the clearance of all debts over the land.
Rental properties in South Delhi-The best properties in Delh