Rental House

A woman named Harnidh Kaur was asked to pay a Rs 5 lakh deposit for a rent of Rs 40,000 in the IT city, leaving her stunned. She took to X and highlighted the trend of exorbitant Bengaluru rent

Bengaluru's Sarjapur Road saw average monthly rental values increase by 67%, while capital values increased by 54%.

Recently, 52 flat owners in a residential society in Gurgaon found themselves facing legal action for not following the proper procedures

After three years of price rise, some areas may be growing overheated; proceed with caution

Rental yield refers to the annual return on investment (ROI) that a property owner earns from the rent they receive. It's essentially a way to measure the profitability of an investment property.

The Income Tax Department on Monday said it has found mismatch between rent paid by salaried employees vis-a-vis rent received by the recipient for 2020-21 fiscal year and conducted data analysis for high-value cases. Refuting reports that there is a special drive by the department to reopen cases regarding House Rent Allowance (HRA), the Central Board of Direct Taxes (CBDT) said the verification of rent paid by the tenant and the rent received by the recipient was done in a "small number" of cases. "Data analysis was carried out in some high-value cases of mismatch between the rent paid by the employee and receipt of rent by the recipient for the FY 2020-21. This verification was done in a small number of cases without re-opening bulk of cases, especially since Updated Return for FY 2020-21(AY 2021-22) could have been filed by the taxpayers concerned only till 31.03.2024," the CBDT said in a statement. The objective of the e-verification was to alert cases of mismatches of ...

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Co-living operators are looking to expand their businesses and open more centres in the new year, as they expect demand for fully-serviced rental accommodation to rise from working professionals and students, according to industry players. The co-living segment was worst affected during the COVID pandemic as educational institutions and offices were closed to curb the spread of the disease. Many co-living operators shut down their operations permanently or scaled down their businesses. In the last two years, co-living operators, who survived the onslaught of the pandemic, have been trying to regain the lost ground and recoup the losses as normalcy returned, leading to the opening of educational institutes and the gradual return of employees to offices. Stanza, Colive, Zolo, Olive by Embassy, Your Space, Settl., Union Living and Coho are some of the co-living operators providing rental accommodations to students and professionals. When asked about the year gone by and outlook for 20

Landlords cannot be deprived of beneficial enjoyment of their property and are vested with the right to decide how to utilise their possessions, the Delhi High Court said on Wednesday while upholding an order for vacation of tenanted premises. The high court said it is trite law that a tenant cannot dictate to the landlord as to how the property has to be utilised. Landlords cannot be deprived of the beneficial enjoyment of their property. Further, the court is not to sit on the armchair of landlords to dictate as to how the property should be utilised. It is the sole discretion of the landlords to get all the tenanted premises vacated and use as per their need, Justice Jasmeet Singh said. The high court passed the judgement while dismissing a revision petition filed by a tenant challenging a trial court's order of eviction of a shop at Shyama Prasad Mukherjee Marg here. The landlord said he and his son are joint owners of the property, where several shops have been given on rent,

The metro-based property search feature allows users to find homes along metro lines close to their workplace

Employees who are given unfurnished rent-free accommodation from non-government sources will get a reduction in the valuation of such houses i.e., their taxable base will come down.

What tenants should ask from landlords in rent agreements; how to bring discipline in your market play. Our newsletter explains

Sign a long-term agreement that should have a reasonable escalation built in and a minimum guaranteed tenure

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

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 -- 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 ..

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

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

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

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