Showing posts with label rental investment. Show all posts
Showing posts with label rental investment. Show all posts

Localities in Faridabad that Offer Affordable Place on Rent

Faridabad, the largest city of Haryana, is one of the most favored destinations among the home seekers. Also, the proximity to the city to Delhi, Gurgaon and Greater Noida, and affordable rentals make Faridabad a favorite residential destination among the working professionals.
If you are all set to move and reside in Faridabad, here are top five affordable localities where you can look for a rental apartment for yourself.

New Industrial Town

New Industrial Town or NIT is located close to Delhi, Gurgaon, and Old Faridabad, and thus, it is a preferred choice of those who have a daily up and down schedule to these places. Also, NIT is very close to Ballabgarh Railway Station. The commutation facilities from this vicinity to other Delhi NCR regions is truly impressive. Above all, those looking for an affordable rental flat in Faridabad, the NIT locality meets their demand perfectly.

Green Valley

Green Valley is another area of Faridabad that offers budget-friendly apartments for rent. Its excellent connectivity to South Delhi makes it the first choice of those with a job, business or educational institution in that area. This upmarket area is packed with all the essential facilities, with the Crown Mall and Big Bazaar being the popular landmarks of the vicinity.

Sector 27

Labeling the Sector 27 of Faridabad as the child-friendly locality won’t be untrue. The vicinity has prominent schools, day care centers, gardens, amusement parks, etc. So, if you have children at your place and an affordable flat on rent in Faridabad is what you are looking for, Sector 27 is a haven for you.

Dayal Basti

This locality is evolving as a great dwelling option. Apart from basic infrastructure, the area is also popular for the National Museum and Tughlaqabad Fort Complex. Many consider staying at this locality because of affordable rental and its proximity to NIT locality, Ballabgarh Railway Station and Old Faridabad.


Primarily the industrial belt of Faridabad, Surajkund is now emerging to be a hot residential option.  This is because of the various factors such as reasonable rent of the residences, strategic location, connectivity with Delhi and Gurgaon via Gurgaon-Faridabad and Mehrauli - Badarpur Road.


Many believe that this one locality is growing at a rate faster than that of any other region. The ongoing work of Kundli-Manesar-Palwal Expressway, which will connect Nehrapur with Gurgaon and Delhi directly, is attracting a large number of residential builders to the locality. Also, many residential apartments are on the verge of completion in various sectors falling under Nehrapur such as sector 81, 82, 85, 75, 76.

Conclusive Remark: It seems like Faridabad will soon emerge as the next Noida or Gurgaon. With a lot of lucrative and affordable rental apartments, Faridabad is improving its overall look for the home seekers.

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What kind of precautions you should take while staying in Rented Home?

Renting an apartment or a paying guest accommodation can be a pleasant as well as a bad experience depending on the type of the landlord you are bestowed with. Renting in itself is such a daunting and challenging task and when you have a troublesome landlord or property manager your life will surely become very problematic and stressful. But in case you want to make sure that you are stressful and desiring to lead a hassle free life you make undertake certain precautionary measures and steps.

Security & Safety Concerns

In respect to the point as a renter your security and safety concerns are highly important and must be given importance as well. You must make sure to live in close vicinity to other tenants or a place where there are shops, ATMs, hospitals, pharmacy, restaurants situated nearby. The safety of the locality must be evaluated and you should ensure to get protected from burglary and intrusion from unknown people and strangers before signing the lease and depositing the advance payment.

Cooperate with the Landlord

Renting an apartment or staying in a paying guest in Bangalore doesn’t only involve the relationship of paying the rent every month. You can become friendly with the landlord and even provide help or any kind of assistance whenever the situation arrives. This gives you an edge over other tenants and the landlord will also be polite and friendly with you in return. In terms of price hike or any other issues you can request him and put forward clauses that are convenient for you. Furthermore, you must avoid situations of arguments and try to cooperate with the landlord. This is beneficial for you as a tenant.

Know your Tenancy Rights

There is a tenancy agreement that is signed between you and the landlord and it provides with certain amount of rights for both of you. You need to know your rights well. For instance, as a renter you have the full right to stay in the rental house within the given lease period. Similarly the landlord has the right to ask for the monthly rental in the specific date mentioned. You must ensure to abide by the tenancy laws and regulations that have been set by the landlord and mentioned in the lease paper. 

Getting a Renter's Insurance

If you get a renter’s insurance, you have the option of protecting the value of your possessions in case they are destroyed or stolen. Your landlord might provide you with one but usually covers the building that you live in and not for your personal belongings. If you explore the market, you will come across so many insurance companies that will offer the policies particularly for the renter and covers all your property belongings at full replacement costs. In case of a liability lawsuit where you are held responsible for damaging other tenant’s property, the renter’s insurance can protect you as well. In the situations like theft, fire or any adverse weather conditions the renter’s insurance is a very good option to consider as you get the boost to recover from the losses and start all over again.

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