Growing rental market to create more rental management companies
Infrastructure / December 14, 2017

The growth in the rental market in India, presents an opportunity for rental management companies to step in. We examine the role that these companies can play and the benefit that they bring, to tenants and property owners The rental market in India is gradually evolving, owing to a change in the mindset of people. Renting a house, is no longer merely driven by affordability, as compared to buying a home. Rather, people are now choosing the rental option, to be able to live in a preferred locality and also to avail of amenities that promise a good lifestyle. This changing trend, presents an opportunity for organised players and rental management companies (RMCs) to step in. Vinayak Katkar, director and co-founder of Amura Marketing Technologies, points out that in India, traditionally, the rental market was driven by local brokers because the supply/accessibility to inventory was limited to brokers. “With various property portals available now, this inventory availability issue has been sorted. Nevertheless, brokers are still managing rental homes. What young people want, is not just a home but managed property services that take care of their daily needs and chores. Start-ups like Nestaway and Grabhouse, are managing properties and finding tenants for…