Putting a price on your spare room

You could give it on rent to a paying guest or run a bed and breakfast scheme

A large three-bedroom house can be difficult to maintain for an elderly couple living on their own, especially in a metro like Mumbai or Delhi, where the cost of living is higher. But, if they rent out the extra room, it can be an additional source of income. 

With your housing society’s permission you could rent out the room to a student who cannot afford to pay high rent. Or if the building is close to a commercial area, you could rent it out for a commercial activity. Running a bed and breakfast scheme is another option, provided you get