In 2017, the Rental Real Estate Market was pegged at one large integer units and was valued at $22 billion | Rs one.53 lakh crore). By 2023, its volume is predicted to be 1.8 large integers and valuation $41 billion | Rs two.85 lakh crore.
However, increasing rental yields has been a challenge for the rental property market. Low rental yield and poor capital appreciation, particularly within the past two-three years, have hurt investors.
However, good selection of investments, added services and a number of online rental disrupters may be a game-changing instruction for India’s rental property market and investors. Earn the next rental yield if you retain the subsequent factors in mind:
Invest in reasonable homes Magicbricks knowledge suggests that yields within the reasonable homes section square measure higher compared to the mid-level or luxury section. there’s conjointly a major variation between yields supported their capital values — Rs/sq. ft. we’ve ascertained across cities that properties priced below Rs half-dozen,000/sqft have a mean rental yield of quite three-d.
This trend holds across most cities. Invest in reasonable property markets
Homebuyers should detain mind that whereas the broader property market has remained
flat, there square measure some micro-markets across metros and huge cities wherever property costs
are affordable and investors will expect smart returns. On a pan-India level, the common
yield per sqft stands at three-d, however, their square measure some micro-markets wherever the rental yield will go up to virtually four.5%.