The common problem faced for property seekers – Buy or Rent

HYDERABAD, India - Dec. 21, 2013 - PRLog -- The property rates are touching sky and the home seekers may therefore face a common confusion about buying or renting the house. This decision may mainly depend on the city you are finding the house and also on your income. The prevailing property rates and rent may also influence this decision to a large extent. This decision may be tricky and may depend on many other factors but when the money is only the decision factor then the following tips may surely help.
City in which you are searching the house

Some cities have more supply of property for rent than demand and hence the rents are quite low.

If you are looking for a house in Delhi then renting would always be the best decision as the buying the property is a costly affair here.
While for Mumbai, buying and renting both are costly and hence you may buy as per your financial stability and commitment to the city.
Pune has mixed feeling as the income group up to Rs. 15 lakh may go for renting as the rates as the property rates are quite high. The buying would always be a good option as the rents are also on the higher side.
For Kolkata, the rent and property rates both are high. Hence, the income group have income above 15 lakh will feel comfortable buying or renting a property in Kolkata. The low income group has no option left but to rent a house though it is expensive.
The buying option is good for Hyderabad as the property rates are still under control. The rent is also affordable compared to the other major cities and metros.


Thus, the buying decision may mainly depend on the city and also the commitment to the city other than the source of income.

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