Rental property in India

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In the present times, the Rental market in India towering high and posing to be the most dynamic sector in Indian business scenario. As per the realty experts, Real Estate seemed to be the best investment opportunity in India with an attractive growth rate that was even higher than the growth rate of Indian economy. But now there is a new gesture with which real estate in India may surge once again, The Rental Property Market. At present the commercial and residential Rental market in India has a price tag of approx $50 billion, and is estimated to grow 25% on a yearly basis.

Why is the Rental Property Market in India growing so rapidly?
There are several factors that involve in this incredible growth in Indian rental property market. Major factors that are responsible for bringing about this change is the boom in the manufacturing and the service industries as well as in Information Technology (IT) and IT enabled service industries across the world. Usually, these industries prefer to have office spaces on rent instead of building new offices at their own. Also these industries have the potential to generate a large number of employment opportunities for skilled and educated people. Also the salaries and perquisites offered by these industries to the employees in India are the best of the industries worldwide which has lifted the life style of the employees. As results, the young and educated people started rushing towards the big cities like Mumbai, Bangalore, NCR, Hyderabad, Chennai, Kolkata etc. which have now become the hub for the new generation of industrial revolution in India generating huge employment for the professionals.

But there is an acute shortage for good accommodation in the big cities in India and surrounding areas which can fulfill the requirements of the people coming to these cities seeking employment. In such a situation demand for accommodation on rent has sky rocketed due to the shortage and property builders are taking advantage and investing towards property development in the big cities to avail accommodation to the seekers. The prices of the housing properties are increasing rapidly as the demand for the accommodation in the big cities is increasing. So it's very hard for an employee to owning a good accommodation in good locality in these cities whatever his or her income is. In these scenarios, the only solution left is renting an accommodation. As result, the demand for residential rental property is increasing everyday in big cities and urban areas.

Commercial Rental Property in India

As the demand of commercial property has been increasing day by day, the investors these days are devoted to rent the property instead of buying it. This is in fact a secure and affordable alternative at the disposal of investors. Renting Showroom, Office space, Call centers and Shops have obtained great value in commercial rentals. Showroom rentals have a vigorous effect on retailers who do not invest much. Leasing property to a good brand ensures healthy and continuous returns. Departmental stores also are considered to be a secure and growth-oriented performer in the property rental business in India. For regular rental returns rather than capital appreciation, mall space has the potential to be a good option which gives returns higher than that attained with office space and much higher than the rental return from residential space.

Showroom rentals also facilitate the retailers to recognize the scope of the returns in business without investing a large amount. Real estate developers prefer to lease out commercial property. Departmental stores which can boast of strong electronic surveillance have demoted well the public. Thus shop rentals have been emerging as a secure and healthy growth-oriented performer in the Indian real estate rental business with a more confident market.

Residential Rental Property in India

It has been estimated recently that home rentals trends have witnessed 25% growth. People moving to metro cities from different regions are increasing the demand for residential rental property. Also the students temporarily shifting to another city in pursuit of higher education, the employees transferred to some other locations and the businessmen who often require visiting a particular city for business purposes are the categories of people that rental houses are the most suitable option for their accommodation. The professionals seeking jobs also prefer renting houses in bigger cities and visitors who want to stay in a tourist destination for a longer period.

In the high-end rental apartment segment, luxury apartments and home, the terrace flats, bungalows, villas, penthouses and condominiums are gaining popularity. Cities like Delhi, Bangalore, Mumbai, Gurgoan, Noida, Chandigarh, Pune, and Hyderabad are witnessing high demand for house on rent or apartment on rent & paying guests. Currently there is a huge gap between demand & supply; many investors are earning a lot by investing in real estate in India & then enjoying the healthy returns on their rental properties. It has been emerged as their primary commercial activity & this is also one of the reasons of rising prices of home or apartments rentals, paying guests etc. Even working women's hostel and PG hostels are considered protected and can be availed of on an individual or sharing basis mean large business.

How we help you?

RealtyZing is the leading website for advertising vacant house rentals and other types of rental homes or apartments. We provide you an easy online advertisement service free of cost. For that you need to send all your rental property information to us by using the rental property advertisement form and we will display you property on our website free of cost.