This sure is a double whammy for the plush South Delhi residents. With the insurance companies bringing in a free tariff regime from January 2007, residents of areas that see maximum car thefts will end up paying more for insurance.
The insurance will also go up if you own a car that is seen as theft-prone.
And going by the statistics, people living in the posh South Delhi colonies and owning a small car are set to pay the most.
The area that tops the chart when it comes to car thefts is Lajpat Nagar. A total of 170 cars have been robbed in this year from the area.
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Shabana Patni has been living in a premium condominium in Gurgaon, in the National Capital Region. As a senior manager in a leading IT-enabled services firm, the last thing she ever wanted to worry about was where to stay. She had found a secure, well-located condominium and had been staying there for over five years. But this year she got a jolt. Her rental contract was renewed at a price that was about 30% over what she had been paying. The reason - the rental market had zoomed as never before.
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