Tag: rentals

CHENNAI: As Information Technology (IT) and other service companies roll back remote work policies and mandate employees to work from office two-three days a week, house rentalshave seen a sharp 10-40% hike across IT hubs and metro cities such as Bengaluru, Chennai, Hyderabad, Mumbai, Pune, and Delhi-NCR. While real estate costs and rents have gone up, landlords, too, are trying to compensate for the losses of the pandemic months by increasing rents, consultants said.A shortage in supply and a significant uptick in demand from working professionals has fuelled...