Page 2 - Rental House

Rentals up 20% as landlords take advantage of the 'return to office'

NoBroker's mid-year report on real estate trends sheds light on rental and buyer preferences as well as the key trends driving prices in the sector

Avg rent in Gururgram increases by 28% annually in Jan-Jun: Savilis

The average monthly rental for premium housing rose 28 per cent year-on-year in Gurugram during the January-June period of this year on higher demand, limited supply and appreciation in capital values, according to Savills India. In Gurugram, the "average rentals witnessed an increase of 28 per cent YOY (year-on-year) across all markets. GCER (Golf Course Extension Road & SPR (southern peripheral road) and Golf Course Road saw the highest rise in rentals with 33 per cent and 31 per cent YOY growth, respectively," real estate consultant Savills said in its report. As per the report, the average quoted rentals are for 3BHK and 4BHK apartments on Golf Course Road and 3-BHK apartments in other micro markets. As per the Savills data of the first half of 2023, Golf Course Road commands a monthly average rental of Rs 1,95,941, while the average rent at Golf Course Extension Road and Southern Peripheral Road is Rs 1,01,000 a month. The data showed that average rent in New Gurugram is Rs ..

Khan Market rent up 7% in Q1, South Ex rent grew 145%: Cushman & Wakefield

Khan Market -- Delhi's upscale high-street retail location -- witnessed a 7 per cent growth year-on-year in average monthly rent during the April-June period at Rs 1,500 per square feet, according to Cushman & Wakefield. The rentals in Khan Market, the most expensive retail destination in India, had fallen sharply during the Covid pandemic but now it has bounced back. The rent in Khan Market stood at Rs 1,200 per sq ft a month during July-September 2020, down 14 per cent from the year-ago period. In its Marketbeat report for retail real estate during April-June 2023, Cushman & Wakefield said that the rent in Khan Market stood at Rs 1,500 per square feet. South Extension I & II saw a 14 per cent growth in the average rental to Rs 800 per square feet a month, while Lajpat Nagar witnessed a 10 per cent growth to Rs 275 per square feet. Rentals remained stable in Connaught Place at Rs 1,050 per square feet. As per the data, the monthly rent in Greater Kailash I, M Block grew ..

Man in B'lore seeking flat asked for LinkedIn link and Class 12 marksheet

A LinkedIn user recently shocked social media users after he shared the screenshot of a conversation he had with his landlord, proving the struggles one has to go through to book a flat in Bengaluru

Housing rentals surge by 40% in Delhi-NCR as demand outstrips supply

Rental prices for micro-markets in Noida and Gurugram have soared, with landlords trying to make up for losses

Rs 50k per month for 2bhk: Bangalore is now India's hottest rental market

Anarock's data shows rents in various Bangalore neighborhoods have jumped by double digits since 2019, echoing a wider surge across India's major cities

Average residential property rentals to rise further: Industry experts

Consumers are preferring to take homes on instead of buying them, as construction costs and interest rates rise

House rent across major cities in India to keep rising in 2023: Anarock

The biggest jump in the house rent was seen in Noida Sector 150 where the monthly rent for a 1,000 sq ft flat jumped 23 per cent from Rs 15,500/month in 2019 to Rs 19,000/month

Get a lower rental rate with higher deposit, longer-term lease agreement

Avoid paying more than 15-20 per cent of post-tax salary as house rent

As Brazil reels from riots, Bolsonaro finds rental home in Florida

As Brazil reels from mobs of rioters swarming its seats of power, its former leader has decamped to a Florida resort, where droves of supporters flocked to cheer on their ousted president. Devotees have traveled in recent days to the temporary home of Jair Bolsonaro, a gated community with towering waterslides, for a chance to see him. He signed autographs, hugged children and took selfies with adoring masses, some sporting Make Brazil Great Again shirts. I will always support him, said 31-year-old Rafael Silva, who left Brazil eight years ago and now installs flooring in central Florida, where he stood outside Bolsonaro's rental home Monday. He was the best for the country. By early afternoon, the handful of supporters in yellow jerseys dissipated as word spread that Bolsonaro was hospitalized with abdominal pain. His wife, Michelle, said on social media that he had been hospitalized for observation due to abdominal discomfort related to a 2018 stabbing that has led to multiple ...

NRIs can repatriate funds from sale of two houses, say experts

For property bought as resident or inherited, up to $1 mn can be sent each year

Demand for rental residential houses rose by 10-20% in 2022: Report

The highest rise in the demand for rental houses was seen in Mumbai and Bengaluru. In both the cities, the demand rose by 15-20 per cent as compared to 2019

Only GST-registered tenants face 18% tax on rent paid, say experts

One common query is what happens when a person not registered under GST rents a residential property to a person registered under GST

Rental properties witnessing high demand in major metros, says report

Rental properties are seeing high demand in major metros and many of them are getting rented out within six hours of posting advertisements online, according to a realty portal.

GST: Understanding how the rules around tax on rent will apply to tenants

Businesses with a turnover of less than Rs 40 lakh per annum and salaried individuals are not required to pay the GST on rent under the new rules

Renting apartments gets costlier for companies with new GST rates in effect

The rent of apartments for top executives will attract an 18 per cent Goods and Services Tax (GST)

Missed declaring rental to employer? Claim HRA exemption while filing ITR

Keep rent receipts that serve as proof handy should taxmen come calling

Online searches on Magicbricks portal for rental housing up 16% in Jan-Mar

The pan-India rental rates witnessed a growth of 4 per cent QoQ, displaying improved strength of the rental housing market in the country.

What is the Model Tenancy Act?

The government had cleared the Model Tenancy Act (MTA) last year to regulate the rental market and unleash the potential in the real estate sector. Our next report tells more about this new Act

DLF reports Q1 PAT of Rs 337 crore versus Rs 72 cr loss a year ago

At the end of June, its net debt shrank to Rs 4,745 crore from Rs 5,267 crore in March-end