{"id":5631,"date":"2024-06-14T02:09:12","date_gmt":"2024-06-14T02:09:12","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=5631"},"modified":"2024-06-14T02:09:12","modified_gmt":"2024-06-14T02:09:12","slug":"residential-rents-soared-in-2022-nobroker-report","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/residential-rents-soared-in-2022-nobroker-report\/","title":{"rendered":"Residential rents soared in 2022: NoBroker report"},"content":{"rendered":"

Residential rents in Bengaluru increased on Average<\/a> by 12% in 2022, significantly higher than that in recent preceding years, according to data on property portal NoBroker. Rentals for properties near offices and in gated communities went up by 25%.NoBrokerco-founderSaurabh Gargtold TOI that the rent increase in recent years had been around 3-5%. The platform uses data from rental agreements made on the portal to assess the increase in rent.<\/p>\n

The steep increase in rent is motivating people to buy houses, NoBroker said in its report for 2022. In a survey, 32% of tenants mentioned rent increase as the major factor in buying houses, an increase from 18% in 2021.<\/p>\n

On the NoBroker platform, Garg said, most properties in 2022 were rented out within 24 hours, compared to 15-16 days before Covid. Around 35-40% houses in gated communities were rented out within just six hours. The platforms analysis shows that 73% of landlords feel it is easier to rent out their properties now. This is a substantial jump from 41% in 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"

Residential rents in Bengaluru increased on Average by 12% in 2022, significantly higher than that in recent preceding years, according to data on property portal NoBroker. Rentals for properties near offices and in gated communities went up by 25%.NoBrokerco-founderSaurabh Gargtold TOI that the rent increase in recent years had been around 3-5%. The platform uses … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1098],"tags":[648],"class_list":["post-5631","post","type-post","status-publish","format-standard","hentry","category-karnataka","tag-04-05-12-22"],"yoast_head":"\nResidential rents soared in 2022: NoBroker report - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/residential-rents-soared-in-2022-nobroker-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Residential rents soared in 2022: NoBroker report\" \/>\n<meta property=\"og:description\" content=\"Residential rents in Bengaluru increased on Average by 12% in 2022, significantly higher than that in recent preceding years, according to data on property portal NoBroker. 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Rentals for properties near offices and in gated communities went up by 25%.NoBrokerco-founderSaurabh Gargtold TOI that the rent increase in recent years had been around 3-5%. The platform uses ... 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