India has 2.20 Crore urban rented households as per Knight Frank India and Khaitan & Co. report. Out of these nearly 1.10 crore housing units are vacant.
Startups leveraging new technological advances have formed a sizeable rental housing datasets in recent times however this space is still unorganized interms of regulation, deal sizes and transparency.
While the landlords have been impacted by below par yields (excluding real estate appreciation), frequent change in tenants coupled with searching costs paid to middle men, costs incurred to make the property attractive and higher taxes.
have altogether different issues right from affordability, livability, condition of property, owner’s behavior, and restrictions in place, continuity, availability basis gender, relationship status, job security and what not. There are developments through Draft model Tenancy rule however it is a long way to go in implementation.
Tenants mathematically do have millions of rental options available. How many have you able to shortlist in your search? Own houses are great, but rental houses do come up with lifelong experiences.
We doubt, how many of us are able to find suitable rent houses !!
Just a simple question here. Did we buy products (online) without checking the reviews?
All these years, there’s a lost cord in urban rental search and living story. The information, struggle, joy, experience of a person, family in a rent property are lost without transmitting to the next tenant.
Okay, what if the tenants have an option to check prior information to make an informed decision before stepping in to rent house?
Community : We, Indians are losing the real strength we have all these years of our civilization – Community ! PropSoical.in has digitalised this lost cord in our housing story by enabling a platform to leave your feedback.
Come. Your contribution is validation of helping hand and millions could get benefit! Your one last search here may help you take the right decision!!
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