Rental rates to go up

The average price of a house in the main cities across India has increased by 3.6 per cent compared to last year while rental values have grown at a faster rate of 4.9 per cent during the same period. And in the backdrop of demonetisation of Rs 500 and Rs 1000 notes, rental rates are expected to increase over the next 12 to 18 months, says a report titled Buy vs Rent report by financial management consultants ArthaYantra Corporation.