By laksh5382 
Home rents are actually rising, putting tenants at a disadvantage and leaving them with little room for discretionary spending.
According to data from property consultant Anarock, residential rents in key micro markets across India’s top seven cities have increased by 26-67 per cent in the last three years.
“Cities like Bengaluru and Gurugram have seen a significant increase in rents in the last two years,” said Vivek Rathi, national director-research, Knight Frank India.
“While overall sentiments with respect to the economy and income growth remain strong, the steep rise in rents is having an increasingly large impact on the current income of the renting population,” Rathi said, adding, “It is the entertainment and It reduces their budget for discretionary spending like entertainment and vacations, but the biggest loss is likely to be their savings and investments, especially in the low- and middle-income demographic.”
Owners of top consumer goods and FMCG companies have recently expressed concerns over weak urban consumer demand and a “shrinking middle class”. He attributed the slowdown to various factors such as floods in the September quarter and falling demand for food inflation and discretionary spending.
In cities like Mumbai and the National Capital Region where real estate costs are high, people spend almost half of their income on rent.
increasing rent
The data showed that monthly rents have increased the most in Bengaluru, especially in places like Sarjapur Road, rising by 67 per cent to ₹35,000, and Thannisandra Main Road by 56 per cent to ₹32,000.
In Chennai, rents in places like Pallavaram and Perambur have increased by 33-40 per cent to ₹20,800-21,600 and in centrally located areas like Anna Nagar, rents for a 2BHK with top amenities have increased to ₹25,000.
Mumbai is one of the most expensive real estate in the world and the recent rise in premium gated developments with a range of amenities has resulted in rising rentals. In eastern suburb Mulund, rents have increased by 26 per cent to close to Rs 50,000, while in centrally located Chembur it has increased by 38 per cent to more than Rs 63,000.
Rents in areas like Hitech City and Gachibowli in Hyderabad have increased by 46-50 per cent.
Rent inflation has actually exceeded capital appreciation in many sectors.” “With residential rents rising rapidly in Indian cities, buying a home has become a more stable and financially sound option for many,” Signature Global. President Pradeep Aggarwal said, players from the National Capital Region.
Similar views were expressed by Saurabh Runwal, Director, Runwal Realty. “Buying a home offers major financial benefits that renting can’t compare to.” This includes tax incentives while the security of ownership provides a significant advantage over renting, he said.