Lutyens Delhi's rents are touching ₹20 lakh per month & there're no homes for sale
Rental prices in Delhi's Lutyens Bungalow Zone (LBZ) have surged, with some properties now renting for over ₹20 lakh per month due to limited availability and strict conversion rules for leasehold properties. The demand for rentals has increased by more than 15% this year, as affluent families and corporate leaders opt to rent instead of buy, given the scarcity of homes for sale. Experts predict that rental values will remain high until more properties become available in the market.