Top residential and commercial rental markets in southern India have seen a varying proportion of house for rent during the covid-19. In this article you’ll get to know how covid-19 has affected the rental market in Southern India.
The buyers and investors who had invested in real estate in top locations of southern India, and were expecting handsome returns from their listed house for rent and flat for rent are disappointed a lot presently due to the crash in real estate rental and commercial market.
The Covid-19 pandemic has created depreciation in commercial real estate as well as residential real estate market in southern India. It has also made a great impact on the landlords and house owners who had listed their house for rent or flat for rent in prime locations of southern India.
Major cities of Southern India, whose house for rent was affected due to Covid-19
Major cities of southern India, whose house for rent was affected due to Covid-19, are:
- Bangalore
- Hyderabad
- Chennai
- Trivandrum
House for rent in Bangalore
Bangalore is the silicon valley of India and is a home to 11 million working professionals. Most of the working professionals staying here look for a house for rent or flat for rent.
- The city due to its unique climate attracts working professional from all parts of India who look for a house for rent in Bangalore after moving in to the city.
- Many people migrating to Karnataka for Job purposes either stay in Bangalore or move to sub urban places like Mysore. The rates of house for rent in Mysore were less as compared to Bangalore during covid-19.
House for rent in Hyderabad
Hyderabad is city of monuments which includes the masterpiece of Charminar and the fort of Golconda. The prices of house for rent and flat for rent has seen a steep depreciation in covid-19.
- The cost of living in Hyderabad is much cheaper as compared to that of Bangalore. It is the second city after Bangalore to provide ample of job opportunities.
- If you are looking for a house for rent in Hyderabad, it will cost you somewhere around Rs.5k-8k. Hyderabad has seen a small depreciation in commercial real estate market, while there was no change in the prices of residential real estate during covid-19.
House for rent in Chennai
After the relaxations in lockdown restrictions, the residential market in Chennai is showing some signs of recovery since the rates of house for rent and flat for rent across Chennai is going up.
- The home buyers and brokers are back in market post covid and are quoting higher prices for house for rent in Chennai to make up with their lockdown loss during covid-19.
- Due to the increase in prices of house for rent and flat for rent in Chennai people are shifting to sub urban areas like Madurai. The rates of house for rent in Madurai are quite low as compared to Chennai.
- Near to the state of Tamil Nadu lies Pondicherry. The house for rent in Pondicherry has seen a bit of depreciation during the covi-19 pandemic and is recovering in a slow pace.
House for rent in Trivandrum
Trivandrum is a tourist hub and is considered as one of the major cities of Kerala. Trivandrum and Kochi are the places in Kerala where modern amenities, cultural heritage and natural splendor meet and complement each other.
- People moving into the state of Kerala usually look for a house for a house for rent in Trivandrum or a house for rent in Kochi, so that they can stay near to the nature and explore the tourist places.
- Tourism across the world was heavily affected by covid-19, due to which the places like Trivandrum and Kochi remained unexplored for quite a longer period of time.
There are some other cities in the sub urban areas whose house for rent also got affected during covid-19; they are:
- Kochi
- Pondicherry
- Madurai
- Mysore
To know more about the impact of covid-19 in real estate market across India, visit cifiyah.com. It is a classified website which enables the tenants or buyers to directly contact the house owners and vice versa.
Investing on real estate is not always a viable option while taking a house for rent makes more economic sense.
In this article you’ll get to know the advantages of taking a house for rent in Western India.Buying a house or a flat is a long term goal for many Indians, while taking a house for rent or flat for rent is perceived as a temporary solution and people consider investing in real estate to buy a house as their primary aim.
Taking a house for rent or flat for rent does appear to retain an edge over buying a house or a flat.Taking a house for rent or flat for rent makes more sense than investing in real estate to buy a house or flat.
It is because most of the working professionals and students prefer a house for rent or flat for rent due to their lower payouts.
Since the housing market of Western India is overpriced, taking a house for rent or flat for rent is beneficial.Paying lower maintenance and repair bills in a house for rentPeople who take a house for rent in Mumbai or flat for rent in Mumbai usually do not pay any maintenance cost or repair bills.If there is any kind of breakdown or malfunction in the flat for rent in Mumbai, it is the responsibility of the flat owner to get it fixed.
Tenants taking a house for rent in Pune or a flat for rent in Pune should make sure that everything is mentioned in their rent agreement to avoid conflicts later.Taking a house for rent provides flexibilityTenants who take an Independent house for rent in Jaipur are free to move as compared to house owner who bought that house.Independent house for rent in Jaipur can be costlier in areas of Jaipur where the real estate value is pretty high, but this is not the case when it comes to the top residential cities of Gujarat like Ahmedabad.House for rent in Ahmedabad remains the same throughout the city but widely varies according to the categories like flat, house, villa in 1 bhk, 2bhk, 3bhk etc.
As you all know getting a house for rent in eastern part of India is quite tough as many of the people are migrating to the eastern part of India due to lots of reason.Here in this article I will be telling about the types of houses in people prefer to take as rent and why people choose the eastern part rather other part of India.
And what benefit they will get while getting a flat or house for rent.The eastern part of India covers a large area of our country where you can find state like Odisha, Jharkhand, West Bengal and Bihar.How can I find a house for rent?This is the first question which come to the mind of a people but here before getting any flat or house for rent you must be clear about some major factor like location, budget which type of property and many more.Now a day getting a house or flat for rent is not tough but according to the choice or mind set it may take some time to get a house for rent.
So the best way to find rental property is from classified sites.
Because there you can find many number of ad on real estate sector.Why people choose different kind of rental house?Independent House: - This types of houses are most demand in Odisha as compare to other state because this is the only state where you can find the tax and extra charge on independent house is less as compare to other.
So most of people prefer to get house for rent in Bhubaneswar as this place is the capital of Odisha and this city is knowns as the top ten smart city of world.Flat: - Flat is the common property over all state, people prefer to get flat for rent in Kolkata, because this city has the maximum number of apartment rather single houses.
Most of people prefer it is more secure than getting independent house for rent.Duplex: - It is a two storage building where the connectivity of the ground floor to first floor is within the that property.
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1BHK, 2BHK, 3BHK House for rent in Hyderabad are available in the budget.for more information visit our website https://www.nobroker.in/flats-for-rent-in-hyderabad_hyderabad
