Rental Yield In The Pandemic: Analyse the Steep Graph of Rental Properties During Covid-19

 Commercial Property on rent

Do you remember March 2020? Well, who can forget it! The world has survived the brutal pandemic and faced the harsh consequences of it. 
 

Although the world has started moving now, after a serious break-through. There was no part of the world that didn’t face emotional, and mental disasters. Each one of us has faced a financial disaster. The worst thing during the Covid-19 break-through was that the world was packed into the four walls. 

We all were forced to do the largest remote working experiment to earn the daily bread. The work-from-home (WFH) concept has proved to be a savior for businesses in extreme difficulties. The Covid-19 has been a spoiled player keeping in mind each industry.

 


The degree of the negative impact that the Coronavirus has laid differs widely. A major impact has been made in the metro cities of the country. The major reason behind this downfall was the shifting of the students and professionals to their hometowns.

The landlords at the prime locations of the cosmopolitan city Mumbai, now find it extremely difficult to get a fair rental for their property. For example,  the 3 BHK that could easily get a monthly rental of ?1 lakh a month is now finding it hard to get ?70,000.

On the other hand, if we talk about the rentals in the premium localities of Delhi, we can see that rents have been dropped to 10%. The major societies such as Greater Kailash, Hauz Khas, Vasant Kunj, etc. now wait for a fair agreement between the landlord and the tenant. 

The highly-paid professionals who could be potential renters are now either forced to quit the job or relocate to their hometowns. The homeowners for whom the rental served as the only source of income are now upset due to the depreciating rents. 

Last but not least, the city of lakes "Udaipur" has also not remained untouched from the ill-effect of Covid-19. The landlords find it difficult to get a fair sum for their rental properties that majorly include room on rent in Udaipur, flat on rent in Udaipur, and a separate house for rent in Udaipur. You can still find affordable accommodation on our website by applying the appropriate filters.

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