CHALLENGES - Searching for Rented accommodation
🟠 Scarcity of Affordable Housing:
While there is a wide range of luxury and premium properties, finding affordable housing options can be challenging, especially in rapidly growing urban centers. Rent prices have been rising in many cities, leading to affordability issues.
🟠Rising Rental Costs:
Over time, rent prices have been increasing in many parts of India, making it difficult for tenants to find properties within their budget. This is particularly true in metropolitan cities, where rent inflation is often higher than the national average.
🟠Required Documentation:
Different landlords and areas require different sets of documents, which can be confusing and time-consuming. Common documents needed include identity proof, income proof, rental references, and sometimes even a police verification certificate, which might be hard to obtain in some cases.
🟠Unpredictable Maintenance and Repairs:
Landlords may not clearly mention all the costs associated with renting, such as maintenance charges, parking fees, or utilities, leaving tenants surprised by additional expenses after agreeing to a rental deal.
🟠 Security Concerns:
Some rental properties might not have adequate security features such as CCTV surveillance, security guards etc. Finding properties in safe, well-lit, and secure neighborhoods can be a challenge, particularly in crowded cities.
🟠Administrative Hurdles:
The process of renting a property in India can be slow and bureaucratic, with long waiting times for documentation, police verification, or even getting the rent/lease agreement signed.
🟠Limited Availability of Furnished Accommodation:
Renters looking for fully furnished properties may find it difficult to locate them, especially in smaller towns or less developed areas. Furnished accommodations can often be more expensive, limiting options for people with a tight budget.
How Prop Pundit will help you in your journey
