At present, people who are having more than one property or have big houses (size/area) and belong to middle class are utilizing that property as rental unit or renting that unit. The very basic reason for renting property is to earn profit and income on regular basis. In case of own property, the owner has complete right to use the property and the same can be renovated and changed as per the choice of owner. Landlords can use and maintain their properties as per their choices and preferences.
Thus, in case of own property, the landlord has complete authority on their own property. As it is well known that the property rates are rising every moment at a very high rate, and to afford any property whether in Delhi or NCR is slightly tough job. In this case people who buy residential house are offering rental space and prefer to rent it out to others to make money so that it will be easy for them to manage to pay for that house with no financial problem. This process is very much prominent now a days and almost all whether they have one property or more than that are using this process to earn money to pay for that property or for extra revenue.
Rental Space: Apart of residential units there are so many people who are investing in business units by having more than one office spaces and rent it out or sold out those commercial units at a very high rate as compare to the actual value. This is again a very easy way to make money. As per the current scenario, no all people can afford to buy residential or commercial space property in India and as a result they have to hire an rental space for the purpose to reside or to start business and for that they have to pay monthly rental as per the set terms between the landlord and tenant.