Realty Rental
Irrespective of the slowdown in the property business, the steep spurt in land prices in a scenario where buyers are still in a wait and watch mode, the real estate rentals both in residential and commercial segments are going upward and witnessed a 15-20% rise in values over the past year across markets.

In spite of downturn, the prices of residential units did not come down, thereby pushing rentals up due to high demand and there has been no impact of the slowdown elsewhere on the rental market, claimed market watchers, adding that locations where rentals had gone up earlier did not see much rise but the mid-end rental market is booming. In the prevailing scenario, a large number of small-time developers are busy redeveloping old houses with changes in design and facilities to get higher rental values.