Renting apartments is more in demand!
The real estate prices continues to be sky rocketing! Maximum of the population prefer renting an apartment rather than purchasing one.
According to a recent realty research by Kotak the sale of residential and commercial properties have shown sharp decline.
In Mumbai, property registration fell down by 11 percent revealed by a Prabhudas Lilladher report.
Despite the 2008 crisis the rental prices are still hitting sky high without showing any signs of depression.
In Delhi NCR and Mumbai the rental prices have unable to keep up the pace midst rising property rates. The situation right now in Indian real estate is completely grilled!
Neither the investors nor the developers and builders can make the best use of realty sector. The astonishing fact is that more preference is given to rent-in than to purchase a new property.
More related stories:
Renting out property is gaining attention!
HC upheld Service Tax on Renting of Property
Source: Hindustan Times
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