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BLOGS: Indian Property
Boom of Rental property in India
| Posted on November 8, 2011 at 6:15 PM |
Boom of Rental property in India
The property market in India is undergoing a dampened buying spirit. The reason behind is the demand for capital appreciation along with hike in home loan rate. This has led to the demand for leasing property as it has been realized that there is enough potential for this sector in India.
In tier I and tier II cities, there has been an increase of 20-25% rental property. Residential rentals have become quite popularized concept in tier I cities, where there are people who prefer staying in a rented flat because of the transferable jobs. This has led real estate investors and agents to invest so as to ensure good priced rentals on a regular basis. And then there is choice of all varieties of rental property available, be it choice of terrace flats, bungalows, or penthouses and even condominiums. Real estate investors are finding it as a safe option for investment.
Similar is the case with commercial sector where business companied are choosing to rent a commercial building or space rather than investing on purchasing a property and worrying for its maintenance. Generally lease agreements in commercial sector are for long-terms, therefore, if you lease good space to a competitive company then there can be no better decision than this.
There is a new trend that has started is of Service Apartments that are fully furnished. More people who relocate to cities because of job change prefer staying in service apartments because they don’t have to carry the burden of transporting furniture and other goods whenever they shift from one city to another. From utensils to furniture and bedding, you will get all in these service apartments which are available at different rent rates.
The new concepts that are being developed are giving a new definition to the traditional ideas of Indian rental market. All these developments are providing new face to India.
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4 Comments
1.specialist property management company. Unlike a standard real estate agency, who's core business is selling houses but whom have a property management office on the side, our core business is only property management. With multiple years of rental management experience from residential to commercial and executive properties, require experts in the property management field.
Who can manage advertising:
2. Use signage to present your property better and to give your property maximum tenant inquiry.
3. Do extensive advertising on the internet and if need be, in the local newspapers getting your property in front of the maximum amount of people as soon as possible.
4. Take more photos of your property so that perspective tenants see more of property leading to higher inquiry rates.
5. Use an experienced copywriter for all advertisements helping your property to stand out, generating more inquiries.
Dedicated Property Managers:
6. Experienced, mature property managers that have received multiple testimonials from their past landlords.
7. Property Managers who have have extensive training in all facets of property management as well as training of the Do's and Dont's of tenant selection and any current scams in the industry.
8.Who are upto date in all of the laws and legislation changes in property management.
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