House Rent In Bhubaneswar

Bhubaneswar today has two sets of people

Bhubaneswar today has two sets of people. A happy set of people who give out their houses on rent and a worried group who plans to live on rent. House rent in Bhubaneswar has touched a new high, posing innumerable worries for the common man.

With the demand for property on the rise, house rent in Bhubaneswar has gone up considerably. It isnt just houses, even the rent being fixed for apartments is no less.. Since buying property or owning a house still continues to be a dream for many, particularly those belonging to the middle and lower income groups, house owners who have more than one property in the city or live elsewhere, fix the rent at a high price, knowing well that eventually they would find a tenant.

But the main reason behind the soaring house rent in the city is the development in the IT sector. Today, people from all over the country are migrating to this city for the ongoing projects of several companies. As a result, the need for accommodation has increased and so have the rents. However, for those from the corporate world, the increasing house rent in Bhubaneswar is hardly a matter of concern as their companies take care of it. It is the common man who suffers the most.

House rent in Bhubaneswar particularly in areas like Sahid Nagar, Janpath, Forest Park, Nayapalli and even Chandrasekharpur are astonishingly high. Even the apartments are being rented at very high rates. There are many house owners who have two or three flats and have the practice of frequently changing the tenants to increase the rent and get higher rental advance. There are government regulations such as Rent Control Act etc. which are hardly implemented.

House rent in Bhubaneswar have touched such soaring heights that people are today keen to buy flats/houses only to give them on rent. In fact, it would not be wrong to say that using properties for renting purpose today has emerged as a profitable business in the capital city of Odisha.

by: orimarkproperty

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