Gurgaon is a city which has earned itself the title of ‘Millennium City’ thanks largely to its exploits as one of India’s premier urban centers. The glittering skyscrapers, world-class infrastructure, and a burgeoning economy adds to Gurgaon’s USP and attracts even the expatriates and NRIs who seek an apartment for rent in Gurgaon.
Why gurgaon appeals to expatriates and NRIS
Booming Economic Hub
Gurgaon is an avenue of sorts which exhibits and operates a bevy of multinational companies, IT firms, and start-ups. It is this sheer economic dynamism which provides ample job opportunities. Hence, the expatriates and NRI’s perceive the city to be an attractive locale especially those who are working in sectors like technology, finance, and consultancy.
World-Class Infrastructure
Gurgaon’s worl-class infrastructure cannot be described by mere adjectives. The state-of-the-art office spaces and residential complexes that are laden with luxurious amenities make Gurgaon a top-tier city by a massive margin when compared to other states.
Proximity to Delhi
This is perhaps the biggest advantage that Gurgaon as a city packs for expatriates who choose an apartment for rent in Gurgaon. Delhi, the national capital of the country is only at a handshaking distance. Moreover, both Delhi, Gurgaon enjoy excellent connectivity via road, metro, and air. Due to this proximity residents get benefitted from Delhi’s vast cultural, educational, and healthcare facilities while enjoying the relatively peaceful environment of Gurgaon.
Key factors for renting an apartment in Gurgaon
For expatriates and NRIs planning for an apartment for rent in Gurgaon, it’s crucial acquaint with the legal and procedural requirements. The key factors to consider are:
Legal Documentation
To rent an apartment, expatriates and NRIs need to furnish valid identification documents. The documents which can be checked for veracity include a passport, visa, and sometimes, a letter from their employer. To formalize a rental arrangement, a valid lease agreement, often registered with local authorities is essential.
Residential Permit
Based on the duration of stay, expatriates may need a residential permit or registration with the Foreigners Regional Registration Office (FRRO). This becomes mandatory for all stays that extend beyond six months.
Security Deposit
Landlords typically charge a security deposit, which usually amounts to two to three months’ rent in advance albeit the security deposit is refundable. At the end of the lease period, the amount is refunded on condition that there are no damages or outstanding dues.
Tenant Verification
Given the security concerns, the local law enforcement agencies have mandated tenant verification. In this process, a thorough background check is done to ensure that the tenant’s credentials are legitimate and that the housing community is not tampered with.
Understanding Lease Terms
Before inking a deal for an apartment for rent in Gurgaon, it is imperative to thoroughly read and understand the lease agreement. One must go through all the clauses related to maintenance, rent escalation, and termination. If the need arises, feel free to consult the legal advisor or real estate agents who can clarify any ambiguity in the terms and conditions.
Jain Oncor: A trusted name in real estate
Navigating the real estate landscape can be daunting, especially when you are looking for an apartment for rent in Gurgaon. This is where you need to get in touch with the real estate consultants of Jain Oncor. With over three decades of experience in the real estate sector, we have established ourselves as a reliable and knowledgeable partner for all real estate property needs and listings.