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Makaan.com launches Buy Vs Rent Index (MBRI)

People Group’s real estate portal Makaan.com has launched Makaan.com Buy Vs Rent Index (MBRI), a numerical value arrived at after taking into account several factors like average capital value of property, average rental value, rental yield, historical capital price movement, historical rental movement and inflation.

People Group’s real estate portal Makaan.com has launched Makaan.com Buy Vs Rent Index (MBRI), a numerical value arrived at after taking into account several factors like average capital value of property, average rental value, rental yield, historical capital price movement, historical rental movement and inflation.

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 whereas a high MBRI (21-25) denotes that it is much more expensive to buy a home than to stay on rental. 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.

Anupam Mittal, founder and CEO, People Group, has said, “The 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, “A 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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