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India: Stagnant property sales push up housing rentals, says report

Posted on 15 June 2012

With property transactions remaining stagnant for a while now, residential rentals have reportedly started climbing as more people prefer to rent instead of buying a house.
According to a new report by Jones Lang LaSalle, “With a sustained increase in capital values keeping most potential buyers at bay”, rental values continue to increase. While the usual annual increase in residential rentals is in the range of 9 to 11 per cent, over the last one year, rents have increased in the range of 10 to 20 per cent………………………………………..Full Article: Source


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