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Covid-19 could lead to increased demand for rental units

India city Mumbai city Delhi covid-19 pandemic economy
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The covid-19 pandemic is altering the way we live our lives, as well as the way nearly every industry functions. In the wake of the pandemic, the demand for rental units could grow, as many people will choose not to buy homes in the near future.

According to a report titled ‘Brick By Brick—Development of Renting Housing in India’ released by RICS (Royal Institution of Chartered Surveyors) in association with Knight Frank—which analyzed the rental market in India—although there are many vacant homes available across the major cities, they are not listed as rental units, despite the demand.

According to the report, Mumbai has the highest number of vacant homes in the country at five lakh, followed by Delhi and Bengaluru with three lakh units

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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