Delhi is home to several corporate houses, large business entities as well as multinational firms, and hence generates large employment opportunities for people from across India. It is also in close proximity to Gurgaon, which hosts hundreds of start-ups. These companies have been recruiting aggressively and have played a key role in giving impetus to the business of paying guest accommodations and hostels in Delhi. Additionally, Delhi is also home to some of the most renowned coaching classes which help prepare students for IAS, UPSC, IIT, CAT, MBA, etc. These classes attract large number of out-station students leading to increased demand for PG in Delhi.However, not everyone prefers to stay in PGs and hostels and there is a big group of working professionals and students who opt for rental accommodations.Let’s now have a look at the detailed comparison of paying guest vs rental property and analyze their pros and cons –
Overall cost of living in paying guest is less as compared to rented property
One advantage of hostels and PGis that the overall cost of living is less as compared to apartments for rent in Delhi. This is because their monthly rentals are all inclusive and along with the cost of your stay, it also includes the miscellaneous costs, such as housekeeping, laundry, parking, meals, cable and internet. Plus, there is no headache of monthly maintenance charges to be paid.
However, the same cannot be said about rental apartments. In addition to charging high rent and security deposits, they also have hosts of other charges attached to it. This includes monthly light and water bills, cylinder charges, house work fee, etc. Other than this, you will also have to spend at least a few lakh rupees in getting the house in order, by purchasing electronics, furniture, bed sheets and kitchen appliances as soon as you move-in. You may not have to do this, in case you opt for fully furnished homes but those are costly.
Little or no privacy in PG accommodations unlike rented homes
Even though there are several advantages that hostels and PG in Delhi seem to enjoy, which includes their strategic location, close proximity to major business centers and educational institutes, easy accessibility by all modes of transportation, etc., they have one major disadvantage, that is, they lack the privacy factor. You get very little or no privacy in PG. You do not have your own space. For every little thing you are at the mercy of your room partner and things are well only if you share the space with like-minded people.
With rental flats, you face no such issues. You get complete privacy and can carry on with your routine as per your desire. You can plan your own schedule and can adhere to it as per your convenience, unlike PG. With rental properties, you do not have to follow house rules prescribed by others and there are no restrictions on the visitors or timings. Hence, you can live your life as you deem fit with complete ease and convenience.
Conclusion – Both paying guest and property renting have their own benefits as well as drawbacks. Having said this, both are good options based on your preference, requirement and budget. You can get some of the finest PG, hostels and apartments for rent in Delhi through Housing.com, which is India’s leading property site that facilitates buying, selling and renting of all realty assets.