ArthaYantra Releases 4th Edition of Buy Vs Rent Report

By 121 News

Chandigarh 08^th December:- ArthaYantra Corporation released the 4^th Edition of its Annual Buy Vs Rent Report (ABRS). Buy Vs Rent of a residential property is a question that pesters millions of families in India. ArthaYantra Buy Vs Rent Score (ABRS) creates an objective method for families to arrive at answering their Buying Vs Renting question from a personal finance perspective, while keeping emotions out of it. The report covers real estate buy and rental markets in eight cities across India: Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Mumbai and Pune.

 ArthaYantra developed a patented composite score "ArthaYantra Buy Vs Rent Score" (ABRS) ™ to quantify Buy Vs Rent decision and also explain the reason to buy or rent in a particular city. It uses a host of parameters including, salaries, taxation and prices to arrive at a recommendation.

 According to Nitin B. Vyakaranam, CEO ArthaYantra that from the findings of 4^th edition of ArthaYantra Buy Vs Rent Report (2016), Mumbai and Delhi remain the most expensive cities for both buying and renting a residential property. While Chennai and Pune are mostly affordable for rentals, people with an annual income of INR 10 lakhs and above may consider buying a residential property in Hyderabad and Ahmedabad. Of all, the city of joy Kolkata is a paradox where rentals are expensive when compared to purchasing a residential property priced over INR 15 lakhs.