The Price of Smartphone Determines the Rental Market in India

Does the price of the smartphone possessed by an individual in India, determine the amount of rent he is willing to pay? Well, a study by two realty web portals says so. The conducted survey shows that a customer using a phone priced below 10,000 rupees will agree to a rental fee of about 10,000 to 17,000 rupees a month in a city where the average budget of monthly expense is 14,000 rupees.

As examined through the survey, owners of phones ranging from 10,000 to 20,000 rupees, are ready to pay approximately 16,300 rupees as monthly rent. Individuals spending on phones priced between 20,000 and 50,000 rupees can pay 27% more.

Let’s Take a Look at the Trend of Rental Costs Across the Major Cities of India:

Name of the City Average Monthly Rent (in rupees)

Mumbai 23,000

Chennai 17,600

New Delhi 17,300

Hyderabad 16,400

Pune 13,200

Kolkata 11,400

As depicted in the table, Kolkata seems to be the pocket-friendly destination for living in a rental home, among the major Metro cities of India. Pune is also another option.

As has been analyzed, around 47 percent of the people seeking property in Hyderabad, Mumbai and Chennai look for rental homes and possess smartphones worth 10,000 to 20,000 rupees. The amount spent on a phone varies between 20,000 and 50,000 rupees for those opting to live in rented homes in New Delhi.

Kolkata accounts for 49% of property seekers regarding the demand for rental homes and the phones used by them fall within the price range of 10,000 and 20,000 rupees.

The data of the survey not just confirm, but also quantifies the fact that customers spending high on their gadgets, do the same when choosing a home. The price of the mobile phone today predicts the economic status of the individual who possesses it. There is an intuitive correlation between the brand or type of housing and phone one chooses and both of these factors indicate one’s lifestyle.

Wasn’t the reading helpful especially, for the homeowners? If you have flats in Kolkata for sale and not yet been able to find a suitable buyer, get in touch with Tranventor Property Management Services. Apart from keeping you updated with the latest trends of the realty market, we offer the most precise solution to any problem that comes up while you are set to buy, sell or rent a property.

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