Renting out


There are innumerable residential houses, commercial spaces, office space and industrial sheds are available on RENT in every nook and corner. Commercial establishments, offices spaces and industrial units are not permitted to run in residential zones - legally, but many are leasing or renting it out. ¬†In the event, such a situation arise that there … Continue reading Renting out

RENTAL MARKET IN BANGALORE


THE RENTAL MARKET OF RESIDENTIAL AND COMMERCIAL BUILDINGS HAVE TAKEN A BEATING AND THE RENTS ARE DOWN BY 5% TO 25% DEPENDING UPON THE LOCATION. ¬†THOUGH, THE COMMERCIAL BUILDINGS HAVE 50% TO 75% OCCUPANCY RATE, BUT THE DEMAND IS STAGNANT AND THERE IS ABUNDANT SUPPLY, NATURALLY, THE RENTAL REVENUE IS SLIDING. THE RESIDENTIAL BUILDINGS, INCLUDING … Continue reading RENTAL MARKET IN BANGALORE

Rental housing- a new legislation


A government-appointed, 19-member panel headed by Jaithirth Rao, chairman, Value & Budget Housing Corporation has recommended a new legislation for regulating rental housing and suggested that tax benefits be given to encourage developers to set up rental housing projects. The suggestions include the setting up of fast track tribunals for speedy resolution of all rent-related … Continue reading Rental housing- a new legislation