Metros apt for renting rather than buying
Delhi/NCR- Most home buyers are quite baffled whether to buy or rent a home in a metro city. However, the increased costs of the property in prime areas along with the suburbs have made housing a difficult option in metropolitan cities especially for the middle income class.
According to various analysis based on rental and property values across metro, it is better to rent a home than to own in Delhi NCR (National Capital Region) and other cities like Mumbai, Chennai and Bengaluru. On the other hand cities like Pune, Kolkata and Hyderabad are the apt cities to own a home.
Research done in these cities regarding the rental value, property price and gross income of the individual showed that it is chepare to pay the rent rather than paying the EMI for loans.
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