Research area rentals, opt for longer lease to secure better terms

A viral post by a Bengaluru-based tech professional who received a 7.5 per cent salary hike but faced a 10 per cent rent hike resonated widely on social media.

- SANJEEV SINHA

Rents are climbing faster than salaries in several major cities. A recent Reuters poll of housing experts also indicated that both house prices and rentals were likely to outpace consumer inflation this year.

What's driving rents upward Rising property prices are having a spillover impact on rentals. "The cost of property acquisition is increasing with rising house prices. This is leading to many deferring the decision to purchase property, and hence to an increased demand for rental homes," says Santhosh Kumar, vice-chairman, Anarock Group.