Metro connectivity, new industrial estates, proposed expansion, and planned developments are the prime ingredients stirring the pot of economic growth in Allahabad. The upcoming mega event of 2025 is also deemed as an inspiration behind this rampant progress. This has, in turn, resulted in steady residential and rental demand, with some of the top areas to earn rental income in Allahabad currently averaging Rs 30,000 a month. But which are the top localities that are garnering the most attention? Let's find out.
Top 5 areas to earn rental income in Allahabad
Needless to say, with multiple infrastructural changes afoot, the city’s real estate landscape is set to witness a positive change. Factors like improved connectivity, employment opportunities, and enhanced liveability will attract more rental demand in the coming quarters. Investors looking to maximise their investment can refer to the following top areas to earn rental income in Allahabad.
Civil Lines, Allahabad
A central business district, abundant greenery, and a slew of residential apartments define the locality of Civil Lines, Allahabad. Located at the heart of city, there’s a reason this upscale locality is considered one of the best places to live.
According to the 99acres Ratings and Reviews platform, the reviews of Civil Lines, Allahabad also shares the following perks for homeowners and tenants to enjoy-
- GT Road, NH-30, and most importantly, the Purushottam Das Tandon Marg passing through the locale, ensure smooth connectivity to the rest of the city.
- The industrial colony of Naini and top-tier educational institutes like Motilal Nehru National Institute of Technology, Allahabad (MNNIT), Indian Institute of Information Technology, Allahabad (IIIT-A), are all accessible within a 20-minute drive.
- Nazareth Hospital and Tej Bahadur Sapru Hospital are located within four km of the locality.
With resale apartments, especially 2 BHK configurations, being the most in-demand, the locale also offers a healthy mix of villas and independent floors.
The table below shares a breakdown of the ongoing average property prices in Civil Lines, Allahabad to help interested buyers take a better call-
Locality | Average Property Rates | Average Price Range for 2 BHK Apartments | Expected Rental Income from 2 BHK Apartments |
---|---|---|---|
Civil Lines, Allahabad | Rs 9,100 / sq ft | Rs 45 lakh- Rs 1.25 crore | Rs 15,000- Rs 30,000 /month |
Source: 99acres
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Ashok Nagar, Allahabad
Juggling open green spaces on one side and urban amenities on the other, the locality of Ashok Nagar, Allahabad, attracts substantial number of tenants. Much like its neighbouring locality of Civil Lines, demand and supply for resale apartments stays at an all-time high here. Other property buying options also include villas and land parcels. Among these, buyers mostly prefer 2 BHK configurations.
To give investors a quick overview of the pricing and rental trends, here’s the latest download of the average property rates in Ashok Nagar, Allahabad.
Locality | Average Property Rates | Average Price Range for 2 BHK Units | Expected Rental Income from 2 BHK Units |
---|---|---|---|
Ashok Nagar, Allahabad | Rs 6800-10,000 /sq ft | Rs 70 lakh- Rs 1.15 crore | Rs 4,000-Rs 26,000 |
Source: 99acres
However, there are other factors as well that add to Ashok Nagar’s charm among tenants. The reviews of Ashok Nagar, Allahabad on the 99acres Ratings and Reviews platform, highlight a mix of the following note-worthy mentions-
- The locality shares excellent connectivity to the thriving commercial hubs of Varanasi and Lucknow, via Ayodhya-Prayagraj Road, Stanley Road and GT Road.
- The proximity to the Prayagraj Airport and the Industrial colony of Naini, which are both just a 30-minute drive away, is also a plus point.
- Top-tier educational institutes, like the University of Allahabad and MNNIT, are just a 17-minute drive away.
- Lastly, basic amenities like Sanjeevani Hospital and Jeevan Disha Hospital are located within two km of the locality.
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George Town, Allahabad
Another premium locality on our list of the top areas to earn rental income in Allahabad is George Town. Decked with luxury apartments and villas, the neighbourhood is a prime example of how abundant social infrastructure can drive rental demand in the area.
For instance, the reviews of George Town, Allahabad highlight a medley of the following amenities on the 99acres Ratings and Reviews platform-
- Proximity to Allahabad State University and the Naini industrial colony, which are both accessible within 30 minutes by car.
- Entertainment and recreational centres like Pink Market, P Square Mall and Vinayak City Centre, located within 3 km of the locale
- Basic amenities like Phoenix Hospital, Parvati Hospital and Amita Hospital are accessible within a 1.7 km-range.
Moving on to the average property rates in George Town, Allahabad, the table below explains the ongoing price trends further-
Locality | Average Property Rates | Average Price Range for 2 BHK Units | Expected Rental Income from 2 BHK Units |
---|---|---|---|
George Town, Allahabad | Rs 7600-9250 /sq ft | Rs 68 lakh onwards | Rs 15,000- Rs 18,000 /month |
Source: 99acres
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Naini, Allahabad
An industrial locality and home to the famous Naini Industrial Colony, the locality of Naini, Allahabad, is brimming with employment opportunities. As a result, rental demand in the locale runs high all year round.
And what kind of residential opportunities can homebuyers avail here? From ample villas and apartments for resale to plots starting as low as Rs 4 lakh only, the locality has multiple affordable options laid out for potential buyers. Apartments, especially 2 BHK configurations are mostly preferred, among these property options.
Speaking of the average property rates in Naini, Allahabad, the table below explains the price trends of the locale.
Locality | Average Property Rates | Average Price Range for 2 BHK Units | Expected Rental Income from 2 BHK Units |
---|---|---|---|
Naini, Allahabad | Rs 4,400 /sq ft | Rs 18 lakh- Rs 2 crore | Rs 5,000-Rs 15,000 /month |
Source: 99acres
In the reviews of Naini, Allahabad on the 99acres Ratings and Reviews platform, connectivity and lifestyle were mentioned as some of the prime perks. Stemming down from that, here’s a quick look at the available amenities this locality offers-
- Excellent connectivity to surrounding areas like Baswar, Amiliya, Bajaha and Jamoli, via NH-35, FCI Road, Indalpur Road and Naini Bridge.
- Commercial centres like Indira Bhavan, Vinayak Triveni Tower and Mustafa Complex are located within five km of the locale
- Chak Raghunath, a popular retain hub and Jahangir Memorial Hospital are located just 1.6 km away
- Popular schools like Millennium World School and United Group of Institutes, are just a 22-minute drive away
- The nearest healthcare facility is Jahangir Memorial Hospital, located just 1.6 km away.
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Jhusi, Allahabad
Jhusi, Allahabad, also called Jhunsi, is the last locality in our index of the top areas to earn rental income in Allahabad. Thriving commercial hubs like Civil Lines and Old Katra, located about nine km away, drive rental and residential demand in the locality.
If you’re looking to buy plots in Allahabad, this neighbourhood will be a great place to start. With plots and land parcels being the most in-demand, other resale property options offered by Jhusi also include villas and apartments.
Here is a detailed insight on the average property rates in Jhusi, Allahabad, along with a quick look at the rental income range.
Locality | Average Property Rates for Plots | Average Property Rates for Flats | Average Price Range for Plots | Average Price Range for 2 BHK Units | Expected Rental Income from 2 BHK Units |
---|---|---|---|---|---|
Jhusi, Allahabad | Rs 2,700 /sq ft | Rs 5,100 /sq ft | Rs 10 lakh- Rs 2.5 crore | Rs 39 lakh- Rs 70 lakh | Rs 8,000- Rs 15,500 /month |
Source: 99acres
Residents in their reviews of Jhusi, Allahabad on the 99acres Ratings and Reviews platform also mention connectivity and environment as one of the advantages of living here.
Some of these benefits also include-
- Located adjacent to Varanasi-Allahabad Road and Jhunsi Road, the locality enjoys good connectivity to neighbouring localities like Bhagipur, Kusari and Tulapur
- The Naini Industrial Colony is also located just a 30-minute drive away
- Entertainment options within a km of the locality include the NP Super Mall and Nyay Nagar Market
- Top-tier colleges like MNNIT and Allahabad State University are reachable within half an hour by car
- Lastly, basic amenities like hospitals, namely Mangalam and Sangam Hospital, are located within one km of the area.
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To conclude, one of the most prestigious cultural occasions of all time, the Mahakumbh 2025, is about to set sail for the Triveni Sangam in Prayagraj, and the preparations are in motion. The result of rapid beautification and infrastructural upgrades are further contributing to Prayagraj’s economic growth.
At a time like this, homeowners looking for the top areas to earn rental income in Allahabad can refer to this quick overview of the most coveted locales in town. However, buyers are requested to consult local realty offices to get a better lay of the rental market, before investing.
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