Amid house rents skyrocketing in metropolitan cities like Bengaluru and Mumbai, growth in India's real estate sector is still a story to be unfolded.
Calling the sudden spike in house rents in India a short-term phenomenon, Zerodha's co-founder
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If the stark mismatch between the trend of buying and renting houses needed to reach equilibrium, he would bet on the former.
It looks like a short-term phenomenon; as long as you can rent at 3% and housing loan rates are over 8%, this won't work.
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"My bet is still on the former," he tweeted on Thursday. If I had to bet on house prices going down vs. rent going up to reach equilibrium
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The main reason behind the rising house rents in India is the large imbalance in demand and supply for living spaces post-COVID.
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The existing supply of living spaces in the metro cities has been insufficient to match the sudden surge in demand for rented houses after the pandemic.