Hyderabad: ArthaYantra Corporation, world’s only full-service robo-advisor released the 4th Edition of its Annual Buy Vs Rent Report (ABRS). Buy Vs Rent of a residential property is a question that pesters millions of families in India. ArthaYantra Buy Vs Rent Score (ABRS) creates an objective method for families to arrive at answering their Buying Vs Renting question from a personal finance perspective, while keeping emotions out of it. The report covers real estate buy and rental markets in eight cities across India: Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Mumbai and Pune.
ArthaYantra developed a patented composite score “ArthaYantra Buy Vs Rent Score” (ABRS)™ to quantify Buy Vs Rent decision and also explain the reason to buy or rent in a particular city. It uses a host of parameters including, salaries, taxation and prices to arrive at a recommendation.
ArthaYantra’s research addresses important consumer questions such as:
• How much more money does a professional need to shell out for buying a home compared to renting it?
• At what salary level should a professional Buy a property?
• At what salary level should a professional Rent a property?
ABRS™ answers these questions by considering three important factors: rental value, property price and gross income.
According to Nitin B. Vyakaranam, CEO ArthaYantra, “From the findings of 4th edition of ArthaYantra Buy Vs Rent Report (2016), Mumbai and Delhi remain the most expensive cities for both buying and renting a residential property. While Chennai and Pune are mostly affordable for rentals, people with an annual income of INR 10 lakhs and above may consider buying a residential property in Hyderabad and Ahmedabad. Of all, the city of joy Kolkata is a paradox where rentals are expensive when compared to purchasing a residential property priced over INR 15 lakhs”
City Specific Findings:
1. Pune has been in demand for both buying and renting a residential property.
2. There has been an upswing in the property prices as compared to last two years.
3. People with an annual income of above INR 17 lakhs can consider buying a residential property.
1. A buoyant growth in the city’s job market is leading to an increase in demand for renting.
2. Rents have increased by 10.08% compared to last year, despite overall drop in property prices by 2.55%
3. The garden city is an affordable buy destination for people with an annual income of over
INR 15 lakhs
1. Most expensive city for both buying and renting a residential property.
2. Though the real estate market in the city has had an upward trend, it is still beyond the reach of a middle income household.
3. Even someone with an annual income of INR 25 lakhs cannot afford to buy a residential property. Therefore, it is most suitable city for renting a house.
1. Delhi-NCR is the second most expensive city to buy or rent a residential property
2. The capital city has seen rental values increase by 20% over the last 4 years, while average buying prices have increased by 9.1% for the same period
3. Buying a property here is only suitable for people with an annual income of INR 25 lakhs
1. Continues to be the most affordable city for both buying and renting
2. Rents have seen an increase of 6.3% over the last 4 years while residential property prices have dropped by 10.46% over the same period.
3. Anyone with an annual income of over INR 9 lakhs can consider buying a residential property here
1. Chennai has witnessed an increase by 8.78% as compared to last year, besides Mumbai and Delhi-NCR, is 3rdmost expensive cities to buy a residential property
2. Rental values have dropped by 1.7% compared to last year making this city favorable for renting
3. Buying a property here is only suitable for people with an annual income of over INR 20 lakhs
1. Kolkata has seen a similar growth across rentals and property prices.
2. Over the last year, property prices and rental values have grown by 11.27% and 11.48% respectively.
3. People with an annual income INR 15 lakhs can buy a house in the city of joy.
1. Ahmedabad continues to be an affordable city for both buying and renting a residential property.
2. The real estate market is growing at slow pace by making this city affordable for buying a property.
3. People with an annual income of INR 10 lakhs and above can consider buying a residential property in this city.
Nitin B. Vyakaranam, CEO ArthaYantra, adds “Buying a home without clear economic beneﬁts can be detrimental to the ﬁnancial well-being of the buyer. We recommend that ABRS should be used as the mainstay tool to arrive at a more objective decision on whether to buy or rent a property”.
To download full report,go to: https://arthos.arthayantra.com/abrs.html
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