2 BHK Flat in Hyderabad: its popularity for longer or shorter stays

by Vikash Rathore Marketing Maneger

its popularity for longer or shorter stays

Decrypting the new legislation on holiday rentals in the India capital with a solution for the owners. As a capital of tourist interest, India is constantly changing its popularity for longer or shorter stays. As a consequence of the India real estate market, 2 BHk Flat in Hyderabad undeclared holiday rentals have been exploding for several years. The latter, mainly carried out on-line on sites currently in the line of sight of the authorities, will be subject to severe financial penalties.

India rages, but why?

Victims of a growing enthusiasm on the part of tourists and in spite of measures of framing the rents of its districts appreciated, the capital sees its rents rising and the selling prices rise up to 7%. Locals are increasingly struggling to find accommodation or are forced to move to the periphery in the most extreme situations. Behind 2 BHk Flat in Bangalore India is the 3rd most visited city in Asia. It has 24,000 homes "reserved", "blocked", for illegal vacation rentals of which 16,000.

Search Properties and 2 BHk Flat on Free Classified site in India for many cities in India like: 2 BHk Flat in Delhi, 2 BHk Flat in Mumbai you can also post free classified ads on these classified website.

What measures will be put in place?

As of May 1st, owners putting without special permission their apartment (s) in holiday rental can incur up to 10000.000 of fines. They are therefore obliged to apply for authorization to the authorities who will most likely only grant them under very strict conditions in order to effectively reduce this number of rentals. The owner will be potentially considered guilty as soon as an advertisement is published on one of the internet holiday rental platforms. As for the tenants using these sites and having a reservation in the capital after May 1st, they do not risk anything: the owner is mainly responsible.