Monday, March 30, 2009

Housing Rental Options

Houses on rent in India are providing accommodations to thousands of families who cannot afford to buy homes of their own. There are several other occasions when we thoughtfully look for houses on rent. Students temporarily shifting to another city in pursuit of higher eduction, employees of a company transferred to some other location on a short term assignment and businessmen who often require to visit a particular city for commercial purposes are the categories of people that find rental houses the most suitable for their requirements. Houses for rent are also hunted by professionals seeking jobs in bigger cities and visitors who want to stay in a tourist destination for a longer period.

As the housing needs for different categories of people vary, so do the options available for renting a house. Hence, we find the most extensive range of rental homes in India from the modest and affordable ones to the most luxurious and highly expensive ones. House rents also vary from one city to another and even from one location to another within the same city. Moreover, it would either be a short term rental accommodation or a long term rental accommodation based on the rental agreement papers signed by the tenants and the landlords.

Although builders and housing boards in India are leaving no stone upturned, the gap between demand and supply of residential accommodations, particularly in bigger cities is widening. This puts a pressure on the segment of house rentals and we find house rents soaring, quite frequently, to newer levels in every category. The growing population of the country and demographic shift towards urban areas are also playing their parts in aggravating the scenario of housing rental in most of the cities.

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The houses available on rent in most of the cities are in the forms of single room flats or double room flats. It is also possible to get rental apartments with two or three bedrooms options.