India (Pune, Bengaluru, New Delhi, Hyderabad, Mumbai) Demand for rental properties continues to exceed supply Property Trends Sirva Tips Residential rental markets continue to show Expatriates to India will opt for 3-to-4-bedroom Work with a Real Estate Regulatory Authority Assignees are highly advised to start searching persistent increase in demand. properties. (RERA) registered realtor to safeguard the for their accommodations 10-15 days before assignee’s interests. the desired move-in date for lower-end Demand for lower budget properties exceed that for There is an increase in the demand for properties, and at least one month in advance mid- and high-range properties. temporary accommodations for those on Ensure all title papers to the property are for mid- to high-end properties. More time short-term assignments. veri昀椀ed. needs to be allocated for corporate leases due Properties are snapped up within 1 to 2 days of being to extensive paperwork. on the market and, in some cases, a few hours. Tier 2 and Tier 3 cities are more popular due Keep an open mind and consider options to lower rental costs. further away from the Central Business District Commission for realtors remain at 1 month’s rent. and city centre. Co-living remains a trend in Hyderabad and Bangalore Duplicated listings are common. Assignees where the majority of singles relocate to. need to be cautious when selecting properties because if the assignee views the same listing 2-bedroom apartments are popular among intra-India twice with different realtors and eventually moves. decides on the unit, both realtors will demand to be paid.