India’s $20 Billion Residential Rental Market And Its Tech Disruptor
- Historically, this market has been loaded with tenant-biased regulations and with a low rental yield of 1-2%, further discouraging the landlords to open their properties for tenancy.
- The company relies on technology to hand hold both landlords and tenants from the point of searching for the right properties all the way to closing the tenancy contracts.
- In this strategic play the company intends to exceed the expectations of landlords, tenants, banks and estate agents by plugging the efficiency loophole.
- This $20 billion residential rental market consists of $13.5 billion in urban, $0.8 billion in rural, and $5.7 billion in vacant Non Resident Indian property brokerage.
- While this act helps unlock vacant properties for rental, the government has also proposed the Model Tenancy Bill 2015 to ensure that the law is not skewed in favor of tenants.
India has a growing appetite for rental housing. But there’s a big gap between supply and demand largely due to what commentators describe as a “trust deficit” that many landlords face. These are the landlords who keep their properties locked up as they dread dealing with estate agents renting their property […]
@marshawright: India’s $20 Billion Residential Rental Market And Its Tech Di… #entrepreneur #startup
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