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Capital talk puffs up house rents

Tenants are forced shell out at least Rs 5,000-6,000 for a single BHK flat.

Visakhapatanam: Owners of flats and individual houses have been exploiting people in the city due to lack of a proper mechanism to monitor the implementation of Rent Control Act.

The ever increasing rents, specially in areas where upper middle class community lives, have been bothering people in the city and it has turned out to bea major problem for students and employees, who come to the city for studies and on transfer.

Tenants are being forced shell out at least Rs 5,000-6,000 for a single BHK flat and anything between Rs 10,000-12,000, for a 2 BHK apartment.

A single room, in any decent residential area, is being rented out for nothing less than Rs 4,000-4,500.

Majority of the sectors in MVP Colony, Seethammadhara, Lawson’s Bay Colony, Dabagardens and adjoining areas are known for heavy rents.

In certain areas close to the RK Beach and along the seashore, the rents are abnormal.

The apartment owners are charging Rs 20,000-25,000 per month.

“The Rent Control Act is not in force and hence we don’t have control over the system. We also get complaints from people,” GVMC chief Satyanarayana said.

( Source : dc )
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