There is huge investment in the property business and the demand for property is also end less. The free economy now competes with the major economic giants in the world like the US or China and thus generates end less employment opportunities to the young and educated generation.

Breaking up of the medieval joint family culture and ever growing satellite family culture is nowadays common and natural phenomenon in the land. Thus the educated people from all the corners of the country crowd the major cities which are now the hubs of the economic revolution.

This new population requires proper accommodation in the city and this made a major change in the city sky line. In fact demand for residential accommodation in a good location in the city was never so high in the past.

This demand attracted all the major property investors to build new sky scrappers throughout the city limits and now spreading even to the urban areas around the city.

However, price of the property also has sky rocketed and becoming out of reach of the persons to pay at one time the price of the property for living purpose.

So it has become a popular choice for residential rental properties in big cities where the people come for earning. These residential rental properties may be in the form of an apartment in a multistoried building or may be an independent house.

In fact it is the preference for some affluent people to rent independent house for living with the family

The reasons for the choice for the rented accommodation may be the following reasons:

? When you use residential rental properties you will have to pay only the monthly rents for the property only. Generally the major cost of maintenance is borne by the property owner.

? The cost of the property is too high to purchase by paying at one time to the owner of the property.

? In the cases when you rent independent house you enjoy all the benefits of staying in an independent house instead of living in a multistoried house which some times becomes inconvenient. However, you need to pay only the rent of the house.

Another advantage we can cite that in general you have to invest a sizeable amount to purchase a property. The notional income from the investment is much more than generally what you pay as the rent for the property you reside. This means you could have earned more with your investment in property than what you pay as rent.

This logic some times make people opts to rent independent house than going for outright purchase of the property.

There are so many points to write on the rented property in India. If opportunity comes we will elaborate later.