The Rent Index is the mandatory tool used to determine the average rental value of similar units within a specific area. It is approved and updated by RERA to reflect the prevailing economic situation and market trends. Every calculation for a Rent…
The Rent Index is the mandatory tool used to determine the average rental value of similar units within a specific area. It is approved and updated by RERA to reflect the prevailing economic situation and market trends. Every calculation for a Rent increase under Decree No. (43) of 2013 must use this index as the primary source of truth. By providing standardized data, it prevents arbitrary pricing and offers an objective framework for the Rental Disputes Settlement Centre (RDSC) to resolve conflicts.
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