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

If you live in one of the country’s top seven cities, your house rent is likely to have risen between 20 and 25 per cent since the pre-pandemic times. In popular societies within some micro markets, the increase has been more than 30 per cent, according to data from real estate consultancy ANAROCK.

Demand-supply mismatch

Residential rentals had dipped after the onset of Covid-19 in March 2020. “In 2022, rental demand rose again as companies called their employees back to the office, or began to follow at least a hybrid model,” says Prashant Thakur, senior director and head–research, ANAROCK Group.