Fancy walking to work?
Most areas near Connaught Place, Delhi’s central business district, offer rental options starting at 10,000 and going as high as 2 lakh
In a congested city l i ke Delhi, living close to your workplace is a boon. It not only helps you beat t he traffic but also helps you save time, money and energy. While Delhi’s Central Business District (CBD) Connaught Place is one of the most expensive office markets in the world, finding some affordable rental housing options in the area is not totally ruled out if you do some serious house hunting.
Rushali Saxena, who lived in Mayur Vihar for a few years before moving to a rented place in Bengali Market a year ago, says, “Travelling in the crowded Metro train from Mayur Vihar ₹ Phase 1 to Rajiv Chowk and back was a struggle. Pushing through people to get space was a daily ordeal for me. Now it takes me about 15 minutes to reach my office from here,” she says. Saxena has taken a portion (1BHK) of a 3BHK apartment and pays ₹ 18,000 per month for the fully furnished accommodation.
Located approximately two km away from Connaught place, Bengali Market is one of the posh areas close to CBD. Though finding an independent 1BHK is not easy and an expensive affair, few owners in the area prefer to rent out parts of their apartments at reasonable rates. “These range from ₹ 18,000 to ₹ 25,000, depending on the building. One can also get unfurnished servant rooms in the railway quarters for ₹ 10,000,” says Rajeev Tomar, a property dealer in the area. Those with a higher budget and wanting to move in with families can find 3BHK apartments for ₹ 1.5 lakh per month. However, such options are limited, say property dealers in the area.
Gole Market, located barely 1.5 km from the CBD, is another area that offers affordable housing options. Most of the properties here, however belong to the government for accommodation of its employees. Though it’s illegal, many people pose as relatives of the government employees and rent the apartments. “I have been instructed ₹ by my landlord to say that I am his son-in-law, in case there is any inspection by the authorities,” says Peeyush Dwivedi (name changed).
“Despite the ‘ risks’, I have been here for a year now as it is very convenient travelling to my office near Barakhamba Road. Being in the heart of the city saves me from problems such as power cuts and water supply woes. Besides, I can rush home in case there is an emergency,” he says.
A 2BHK apartment in this area is available for ₹ 10,000 to ₹ 15,000 but due to the ‘ risks’ involved, many people are not too keen to live here.
If one were to go further, within a radius of about 3.5 km from CBD, Paharganj and Desh Bandhu Gupta Road offer a few rental options. A 1BHK apartment can put you back by about ₹ 20,000 in Paharganj area, but mind you, this is not located along the main road but in the interior areas, involving a bit of a walk. A few 1BHK apartments are available on rent on Desh Bandhu Gupta Road and cost around ₹ 10,000.
While there are quite a few affordable rental options available around around Connaught Place area, one must take note of the fact that these do not come cheap. There is nothing available below an average price of ₹ 18,000 and that too for a single room in a shared accommodation.
Independent units ‘ illegally’ made available in railway quarters of Bengali Market or the the Central government quarters in Gole Market are affordable but are more like makeshift in nature as tenants can be asked to vacate the place during an inspection. The other options are chiefly in the busy market areas of Paharganj.
However, senior-level corporate executives who have their offices in the Connaught Place area can find a few good options available for near the Hailey Road area.
“One can find a well maintained 1BHK for around ₹ 60,000 to ₹ 65,000 and a 2BHK for ₹ 80,000 onwards near Connaught Place. At Hailey Road, one can get a 3BHK apartment on rent in high-rise complexes for anything between ₹ 1.30 lakh and ₹ 1.75 lakh. But most owners take a threemonth advance deposit as security,” says Inder Dubey, a property dealer active in the area.
“Mostly CEOs and CFOs look for rental accommodation in this area.For affordable rentals Jangpura and Nizamuddin offer better options,” says Puneet Sehgal, another property dealer in Connaught Place.
Those working in Connaught Place can also explore rental options in Laxmi Nagar, Nirman Vihar, Preet Vihar, Mayur Vihar and New Ashok Nagar that are well-connected by the Metro and reasonably priced.
Restaurants, nightclubs, shopping options, hospitals, railway stations and connectivity to the airport make areas around the Connaught Place central business district very attractive for people looking to rent or buy properties close by