Vadodara is among the emerging tier-2 cities for real estate investments. The city’s thriving industrial hubs, the Vadodara Metro and expressway projects and manufacturing hubs are some of the key factors that have led to the growth of Vadodara’s real estate market. Further, the growth of IT parks and educational institutions are major reasons for the increased demand for rented properties in the city. In this article, we list the most affordable localities to rent a house in Vadodara.
Residential rental market trends in Vadodara
The residential rental market in Vadodara is witnessing significant growth owing to the growth of the IT sector and educational hubs in the city. Moreover, Vadodara is among the sought-after tier-2 cities, which is seeing increased real estate investments due to the affordability factor. Hence, investors consider purchasing properties in the city to earn rental income. The average monthly rent for residential properties in Vadodara is Rs 20,000. The rental rates have witnessed a 10.98% YoY increase.
Key drivers of the residential rental market in Vadodara
- Employment hubs: Vadodara is known for its bustling industries, especially petrochemical, engineering and pharmaceutical. Further, several technology companies have come up in the city, attracting a lot of young professionals. This offers plenty of employment opportunities for people, which drives the demand for housing.
- Growth of educational hubs: The presence of new educational institutions, including Maharaja Sayajirao University, GMERS Medical College, etc., has attracted the student population to the city, increasing the demand for rented homes.
- Infrastructure development: Upcoming infrastructure projects such as the Vadodara Metro, Ahmedabad-Vadodara expressway, smart city initiatives, etc., have a positive impact on the real estate market in Vadodara, presenting good avenues for rental investments in both residential and commercial segments.
- Affordability: Compared to other cities in Gujarat, such as Ahmedabad and Surat, property rates in Vadodara are quite affordable.
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Affordable localities to rent a property in Vadodara
| Localities | Average monthly rentals | Price range | Rent (YOY increase) |
| Gotri | Rs 20,000 | Rs 8,500 to Rs 35,000 | +24.91% |
| New Alkapuri | Rs 23,000 | Rs 13,500 to Rs 45,000 | +52.23% |
| Makarpura | Rs 12,900 | Rs 7,000 to Rs 20,000 | +14.93% |
| Chhani | Rs 15,000 | Rs 10,000 to Rs 22,000 | -12.68% |
| Tandalja | Rs 15,300 | Rs 12,000 to Rs 25,000 | -2.18% |
| Subhanpura | Rs 18,000 | Rs 7,000 to Rs 25,000 | +6.28% |
| Sama Savli | Rs 19,000 | Rs 10,500 to Rs 30,000 | +5.16% |
| Kalali | Rs 18,500 | Rs 13,000 to Rs 20,000 | – |
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#1. Gotri
Gotri is a bustling locality in western Vadodara with excellent connectivity to arterial roads such as State Highway 11, Race Course Road and VIP Road. The Vadodara – Mumbai Express Highway is around 4.5 km from the locality. The area has reputed educational institutions, such as GMERS Medical College, malls, medical facilities, markets, etc. Moreover, there are IT companies like TCS in the vicinity, which makes the locality suitable for working professionals.
Rental options: Independent houses, villas and 2, 3 and 4BHK flats are available for rent in the range of Rs 15,000 to Rs 35,000.
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#2. New Alkapuri
New Alkapuri is a posh neighbourhood in Vadodara, close to State Highway 1. The Vadodara Airport is around 12 km from the area. Bustling industries and employment hubs like Keval Corporate Park are in the vicinity. Social infrastructure is well-developed, including schools, malls, medical facilities, etc.
Rental options: There are independent houses, duplexes and gated housing projects with 2 and 3BHK apartments for a monthly rent of Rs 15,000 to Rs 30,000.
#3. Makarpura
Makarpura is a prominent locality in Vadodara, known for its popular industrial hub, the GIDC (Gujarat Industrial and Development Corporation) industrial area. Besides, there are IT parks and other offices in the vicinity. The Vadodra railway station is around 9.5 km from the area, while the airport is about 11 km away. Reputed schools, healthcare centres, shopping malls, etc., are available.
Rental options: Independent houses, 1, 2 and 3BHK apartments are available for rent in the range of Rs 7,500 to Rs 20,000.
#4. Chhani
Chhani is a residential neighbourhood in the northern part of Vadodara, located close to the Golden Quadrilateral highway. The area has well-developed social infrastructural facilities and public transportation. The airport is around 11.2 km from the locality. Several industries, manufacturing hubs and corporate offices are located in the vicinity, making the area suitable for working professionals.
Rental options: There are several gated residential projects offering 2 and 3BHK apartments for rent in the range of Rs 10,000 to Rs 25,000.
#5. Tandalja
Tandalja is a popular residential locality in Vadodara, situated close to localities such as Pramukh Swami Nagar, Pratham Upvan and Ashwamegh Nagar. The international airport is around 10 km from the area. Social infrastructure is well-developed and includes schools, healthcare facilities, eateries, malls, etc.
Rental options: There independent houses, villas and 2 and 3BHK apartments available for rent in the range of Rs 15,000 to Rs 20,000.
#6. Subhanpura
Subhanpura is a fast-developing suburb in the western part of Vadodara. The area enjoys good road connectivity and is around 7.7 km from the international airport. There are schools, healthcare facilities, shopping malls, etc. Several industries and IT parks are present in the vicinity, making the area suitable for working professionals.
Rental options: There are independent houses and gated residential projects offering 2, 3 and 4BHK flats for rent in the range of Rs 10,000 to Rs 40,000.
#7. Sama Savli
Sama Savli or New Sama is a fast-developing neighbourhood in Vadodara. The area has several social infrastructural facilities, including schools, medical facilities and malls. The Vadodara airport is around 5 km from the area, while the railway station is around 4 km away.
Rental options: There are 2 and 3BHK apartments available for rent in the range of Rs 12,000 to Rs 30,000.
#8. Kalali
Kalali is a fast-developing locality in southwestern Vadodara with good connectivity via arterial roads such as Canal Road, Bill Road, Kalali-Talsat Road and Ring Road. The airport is located around 13 km from the area. There are bustling industries and tech parks within 12 km. Social infrastructure includes schools, healthcare centres, malls, etc.
Rental options: Independent houses and 2 and 3BHK apartments are available for rent in the range of Rs 15,000 to Rs 35,000.
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Housing.com News Viewpoint
When renting a property in Vadodara, prospective tenants should assess the locality in terms of connectivity, access to employment or education hubs, availability of social amenities, etc. Evaluating the rental trends is also necessary since rental rates are likely to increase as localities continue to develop and infrastructure developments take place in a region.
FAQs
What are some affordable localities to rent in Vadodara?
Gotri, New Alkapuri, Makarpura, Tandalja and Sama Savli are some affordable localities to rent in Vadodara.
What is the average rental rate for residential properties in Vadodara?
Rental rates for residential properties in Vadodara range from Rs 5,000 to Rs 50,000.
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