Residential rents in India are rising by 10% due to high demand, low rental yields (3-6%), and high home loan interest rates (11-13%). Many potential buyers are delaying purchases, increasing rental demand.
HDFC chairman Deepak Parekh calls for real estate regulator to protect property buyers and enhance market transparency.
Chandigarh's thriving rental market, driven by increased demand from residents seeking affordable housing, offers a variety of options catering to diverse budgets and lifestyles.
Bangalore's rental market is booming due to increased urbanization and IT sector growth. Professionals and students are driving demand, while high property prices make renting more affordable. Real estate consultants assist newcomers in finding suitable housing.