Rental property investments are gaining popularity in India as the country experiences a slowdown in home sales, according to industry experts.
Real estate companies report that many individuals have less money to spend on purchasing a house, leading them to explore lettings as an alternative.
Recent data from a real estate company indicates that demand for property in Hyderabad has declined by 11% to 12% between June and August.
The survey also reveals that 62% of those seeking property in the city are willing to buy a residence anywhere in the area, provided it meets their basic requirements.
However, Hyderabad appears to be an exception to the overall rental demand trend, with the number of people looking for lets in the city down by 5% to 11%.