Rental property
Recent trends of rental properties in India are conspicuous by the immense potential that is being realized today. Rentals values in cities like Delhi and outskirts are witnessing an increase of 20-25%. Real estate agents are devoting themselves to negotiations for rented homes more than ever. Though the interest rates on home loans, continued tax exemptions on such prompts people to buy property, those with the ability to buy a flat among the middle-class are thinking twice.
Rental Laws in India
All transactions in Indian real estate sector are governed by various laws enacted by the Central Government of India and respective State governments. One such law is the RENTAL LAWS. These laws govern the rental of commercial and residential property and are necessary to enforce individual civil rights of both landlord and tenant and prevention of any kind of deceit.
Residential rental trends
Residential rentals for flat/apartment, independent house and PG accommodation are more popular in Tier I and II cities. These cities have far greater avenues for those who are on transferable job or looking for job opportunities. This has created a good market for those seeking to invest in Investment property i.e. investing in a property for rental purposes; as they ensure good rentals on a regular basis.
Commercial rental trends
The real estate rental trends in the commercial sector are momentous as the key tendency among the investors is to rent a commercial space instead of buying. It will facilitate low risk and less worry on maintenance. Commercial Rentals including corporate office space, BPO spaces, mall space, shops and Showrooms are an integral part of the commercial rentals in India.
Service Apartments
Service apartments which come in the form of furnished apartments geared to short and long term accommodation of corporate houses and MNCs are competitively priced than hotels. Serviced apartments are also increasingly been seen by multinationals operating in India as the most cost effective option.
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