Property market: House search moves from buying to renting?
Do you also feel the same? Let us see what have been the changes in the past 3 years and how have these changes impacted your city area or locality.
Everyone has an opinion on whether it is better to rent or buy a home in the prevailing market conditions. Often these opinions are based on personal circumstances and often what is better for one person may not be the best solution for someone else.
As the property market does not see changes at a rapid pace, the latest Makaan.com Buy vs. Rent Index (MBRI) works out a comparison between the changes that happened from OND 2011 to OND 2013. What comes out clearly according to the report is that the key Indian cities, including Mumbai, Delhi, Bangalore, Ahmedabad, Pune and Chennai have seen a significant shift in sentiment towards renting in the past three years; another fact highlighted is that although the rental property prices in these cities seem attractive and affordable at present, it is not that purchasing a property has always remained outside the reach of the common man. Let’s retrace the index