Renting property online - in India
Online Rental Property Listings in India
Recently some of the big customers I work with (like venture
capitalists and buy out companies) asked me to do an analysis of
the Indian rental market.
According to many leading analysts, the Indian market is bound
for a rapid growth in internet users and ecommerce. Though I am
in the USA with my connections to India and in general about the
online market place and ecommerce I accepted the assignment.
I can share some of the findings in this article but not all due
to the nature of contract I have with my customers.
If you are an Indian consumer looking for rental property these
are the things you should consider :-
- Location, location and location; most of us know about the
traffic jams in Mumbai and Bangalore. The closer to your work
area it is better for you to save time.
- Internet connection - a must if you are working for any of the
outsource companies
- Center of the city or a crowded place if you are a single
woman due to security reasons
- For families I would recommend a unit with piped gas instead
of cylinders
- Always look for flats with security; gated community is better.
- If you are from overseas or Indians settled back from abroad
(like families with children who are US citizens for example), I
would strongly recommend you to register with the respective
embassy or consulate with the new address.
- I would recommend following the Hindu "Vasthu' which is
similar to the Chinese tradition. I personally believe in these
things.
- Deposits: I know some greedy land lords are asking for 24
months rent as deposit. This is negotiable.
- Put a contract between you and the land lord (I would
recommend hiring a lawyer just in case); with a contract in hand
you will not have any surprises.
- Talk to the neighbors before you rent.
For searching online I found the best rental site. It is No 1 rental property site
in India (http://www.BharathRentals.com) which I recommend
to most of the corporate customers and individuals. The site has
amazing features like ease of use, search by email, live help
with a customer support person, no spam, no pop up ads and good
feedback.