1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

Buy Vs Rent : Research report by ArthaYantra

•Hyderabad and Pune - the best places to own a house • Delhi, Mumbai, Bangalore, Chennai are better for renting home • ArthaYantra developed a proprietary composite score “ArthaYantra Buy vs. Rent Score” (ABRS)

 
PRLog - Nov. 24, 2012 - HYDERABAD, India -- Hyderabad, 19 November, 2012: ArthaYantra (http://www.arthayantra.com/), India’s first integrated personal financial service company, has commenced one-of-its kind research on Buying a home vs. Renting a home in key metros – Delhi NCR, Mumbai, Bangalore, Hyderabad, Kolkata, Chennai and Pune. The main objective of the research is to quantify the buy vs. rent decision from a personal finance perspective.

In order to create an objective measurement metric, ArthaYantra developed a proprietary composite score “ArthaYantra Buy vs. Rent Score” (ABRS)TM to address the buy vs. rent discourse. ABRSTM not only aids in making the Rent vs Buy decision but also explains the affordability and need to buy or rent in a given city.

ArthaYantra’s research addresses multiple questions such as how much more money does a professional need to shell out for buying a home compared to renting it? Can the professional actually afford this additional amount? ABRSTM answers these questions by considering three important factors: rental value, property price and gross income. The ABRSTM scoring system not only tells whether it's better to buy or rent but also tells whether it's affordable to buy or rent. The complete research provides scores for each city, for professionals in different salary brackets (8-25 lakhs).

Hence, the ABRS report concludes:

·         Hyderabad and Pune are the best places to own a house. The property prices and rental values in these two cities are low, thus making them the most affordable places for a professional to rent or own a house.

·         The real estate market of Kolkata favors the home owners because of its moderate property prices and high rental value.

·         Though the moderate property prices of Chennai and Bengaluru make a strong case of ownership for professionals with higher salaries, the low rental values make renting a better option.

·         The high property prices and low rental values of Delhi NCR make the decision to rent easier.

·         Mumbai is the least affordable city for a professional because of its high property prices

and rental values.

·         First time home buyers should consider the potential time of stay as an important factor.

About ArthaYantra

ArthaYantra
is a young and innovative company started by a group of alumni of the Indian School of Business (ISB) Hyderabad. It provides integrated personal finance services using its unique proprietary framework, Personal Financial Lifecycle Management (PFLM)TM, which helps clients achieve their financial goals. ArthaYantra’s vision is to provide independent, high quality, customized financial planning solutions and their efficient execution to individuals. They employ proprietary financial models and enable investments through well balanced passive investment strategies. ArthaYantra’s clientele includes individuals from India, US, Europe and Middle East.Visit www.arthayantra.com

--- End ---

Click to Share

Contact Email:
***@arthayantra.com Email Verified
Source:ArthaYantra
Phone:+91 (0)40-67335874
Zip:500081
Location:Hyderabad - Andhra Pradesh - India
Industry:Investment, Finance
Tags:#personalfinance, #buyinghome, #rentinghome, #firsttimehomebuyer, #personalfinancialplanning
Shortcut:prlog.org/12026379
Verified Account Email Address
Verified Account Phone Number

Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share