Roti,Kapda auur makaan(Food,Cloths and Shelter)are considered to be basic amenities required for a common man to live.
Food and clothes were already been costlier due to high inflation raise. Shelter is becoming costlier and expensive in Hyderabad.In previous days middle class people affords to live comfortably in Hyderabad. But in present days middle class are feeling the pain of paying huge Rents.
What is the Root Cause of these Hikes:
IT companies and many MNC's opened their corporate offices in Hyderabad. IT sector opened doors for many job opportunities. City was flooded with professionals who are earning huge salaries.
House owners greed:
House owners who use to get pretty little amount rents previously started seeing these new earning holy cows(Kamadhenuvuluu).Started observing the lifestyles of these professionals. Then Started demanding high rents.2 Bed Room flat which use to be 2000 Rs to 3000 Rs became 8000 Rs. Greedy Owners started increasing rents as if whole Hyderabad population are IT professionals.
Who are the sufferers:
A common middle class people and lower middle class people were the people who are facing the Music. Think of a normal employee who earns 6000 Rs to 12000 Rs salary per month.Half of their salary goes for House Rent,and has to spend his remaining amount to purchase their Bread and Butter.
Increased Groceries Rates in Average from last 7 years.
What about IT Professionals ?
IT professional who are getting good amount of salaries were experiencing the pain.Usually all employees who works in and around Madhapur stays at nearby proximity. House owners around these areas demands Huge amount for rents. They will make IT professional real bakaras. Even a single bedroom with least basic amenities costs 6500Rs. Of course Electricity and Water costs etc. Every year no matter what happens the house rent is increased by 10%. Tenants have to hike 10% rental payment,even average increment/salary hike in IT industry in this year is of 5% to 8% in average.
5 comments:
Hi everyone,
I affirm that all the matter furnished does make sense.Even we as a middle class non-IT industry working Family have faced such problems.
I would Blame IT people for this. The IT people become lazy in finding a home ,so they are approaching rental agencys.
When these dirty…. rental agency/broker comes in to picture the rents were increased rapidly .earler the rental agensys used to charge a fixed amounts. Now they are demanding Months rent or half month rent. To shift a home with in thecity costs anywhere near 25k (rental advance+packers&movers+settling new house with cables,internets and landlines)
Stop paying rental agencies Instead take the help of forums like this or look around your preferd area .talk to the owner directly.
Hi Mangesh welcome to Hyderabad Tenants group.What U mentioned in your comments is correct.Shifting of house is becoming more costlier than ever.
There is a need to eradicate rental agents/broker by our selfs.
In coming days we shall all discuss the ways to eradicate brokers and rental agents.
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