OMG rents!

House rents for common people are turning into a nightmare. As the owners of the rental houses are increasing rents competitively, it is becoming a burden for many people. The rent burden has become worse after COVID. As the situation after COVID has returned to normal, many companies have removed the work-from-home policy and are bringing their employees to their offices. This has increased the demand for rental houses, as in the past. As a result, owners are raising rents to cash in on this. This is the situation in major cities across the country, including Hyderabad.

Housing.com, a leading real estate company, has revealed that house rents have increased by around 25 to 30 percent in major cities across the country since 2019. The rental income of house owners has increased significantly. However, with global real estate markets like New York, London, Dubai, and Singapore, the difference between the increased rents in foreign countries and the rents in our country is good. According to the prices of 2019, the current rents have increased by 15 to 20 percent. Also, the number of people looking online for properties and rental houses has increased.