Makaan.com Buy Vs Rent Index (MBRI)

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Published: 22nd February 2011
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People Groupís real estate portal Makaan.com has launched Makaan.com Buy Vs Rent Index (MBRI), a numerical value chart to distinguish between rented property and self owned property. It is consider after taking into account numerous factors like average capital value of property, average rental value, rental yield, historical capital price movement, historical rental movement and inflation. It would definitely help a common layman to understand the market and value of the real estate property in India.





According to Makaan.com, a low MBRI (1-20) indicates that it is much less expensive to buy a home than to stay on rental, in short in this situation buying a property is a better idea rather then staying on rental basis. High MBRI (21-25) denotes that it is much more expensive to buy a home than to stay on rental. It clearly signifies that if your financial condition is sound for day to day today expenses then only you should go for buying a home property or else it would be recommended to stay on rental apartment itself till you get financially stabilized. Property seekers above MBRI (25 +) are advised to drop the idea of owning a home and remain stuck onto rental apartment for time being. MBRI has been collated both at city and sub-city level.





MBRI for key Indian cities like Chennai, Ahmedabad, Mumbai and Delhi for the period October-December 2010 was found as 16, 18, 25 and 28 respectively. Similarly, within Delhi NCR, it was found that MBRI for Gurgaon, Faridabad, Noida and Dwarka stood at 17, 18, 19 and 42 respectively. Launching of MBRI gave great success to the Makaan.com Property Index (MPI) which reflects the value resource information in respect of the moving prices on the immovable property in most of the key cities in India. MBRI thus also acts as tool in deep research of investment in Indian Real Estate for the property seeker to take their decisions.







Anupam Mittal, founder and CEO, People Group, has said, ďThe MBRI is another step for Makaan.com towards becoming the trusted property marketplace for property seekers, agents, and developers. Our mission of providing real-estate insight and intelligence has slowly become a reality and we hope to continue building upon the platform."







Aditya Verma, COO, Makaan.com, has added, ďA property seeker today is confused between opting for a rented accommodation or giving that rental amount as the EMI for buying a house. MBRI will empower him with research based analysis. We have tried to present the finding in a manner that is easy to absorb and implement. We hope that seekers will benefit from this research."

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