Home / Finance / Personal Finance / 16% landlords drop 2 months' rent, 44% didn't raise it in pandemic: Survey

16% landlords drop 2 months' rent, 44% didn't raise it in pandemic: Survey

The survey, conducted by property classified 99acres.com which is owned by Info Edge India Ltd, polled 49,600 house owners and brokers who have listed properties for rent or sale

Premium

Despite the sluggish market, 76 per cent owners are still looking for renting out their property, whereas 24 per cent have postponed the search for tenants

BS Web Team PTI New Delhi

2 min read Last Updated : May 08 2020 | 6:44 PM IST

A survey has showed that around 16 per cent landlords waived rent for up to two months, while another 41 per cent gave tenants extension on rental payments in view of a financial crunch during the coronavirus lockdown.

The survey, conducted by property classified 99acres.com which is owned by Info Edge India Ltd, polled 49,600 house owners and brokers who have listed properties for rent or sale. The survey's motive was to assess the impact of the coronavirus pandemic on the property market.

ALSO READ: Mumbai supplies to be hit as Vashi APMC shuts for a week to curb

Topics : Coronavirus Homes on rent Real Estate

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in