Real estate experts in Pune highlight that infrastructural development, demand-supply gaps, and the allure of modern amenities in new housing projects are pushing rental prices to unprecedented heights, leading to significant financial strain for tenants.
Rental PricesAffordable HousingInfrastructural DevelopmentDemandsupply MismatchModern AmenitiesReal Estate PuneJan 20, 2025
The main factors include infrastructural development, a demand-supply mismatch, and the popularity of modern amenities in new housing projects.
The growing population and high demand for rental properties, coupled with a lack of new rental units, have led to a significant increase in rental prices.
Developers are building luxury apartments with modern amenities, which are often more expensive and contribute to higher rental prices.
Many low-income and middle-class families are finding it difficult to afford housing in desirable areas and are forced to move to less developed parts of the city or live in overcrowded conditions.
Some solutions include advocating for more affordable housing initiatives, incentivizing developers to build affordable rental units, and implementing stricter regulations to prevent rent gouging.
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