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

HT Estates - - HTESTATES - Rozelle Laha

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

G H A Un­der­ground Park­ing B Cir­cle er Inn Can­naught Place Pa­lika Bazar C K F L Ou te r D C irc le N E M

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