50% landlords waived off rent during lockdown: Survey

New Delhi: 50% landlords either waived off or lowered some portion of the rent in view of the COVID-19 crisis, according to a survey done by real estate platform nobroker.com.

Hyderabad seems to have bucked this trend with 60% landlords quoting the same rent.

The report also found that most cities did not experience any rent inflation this year.


According to the survey, 79% landlords prefer families as tenants overall while security is the most important aspect cited by 69% of tenants when finalising a property.

Tenants are also seeking larger houses to accommodate the current work from home lifestyle.

35% cited "needed a bigger house" as a reason for shifting. 32% cited "change of workplace" as a reason. Although this is sizeable, last year this percentage was 44%.

“The pandemic has driven many changes such as a need for larger houses, suburbs gaining prominence, switch to digital modes of rent payment and larger number of people starting their home search online,” said Saurabh Garg, Co-Founder nobroker.com.

17652 people participated in the survey across Delhi-NCR, Mumbai, Pune, Bangalore, Chennai, and Hyderabad.