Widening gap between income and housing rents makes life tough for salaried Indians Moneycontrol.com
A widening gap in salary increments and rentals in residential real estate across major cities is triggering a cost of living crisis for a vast majority of Indians. According to data from Aon Group, a UK headquartered HR consulting firm, average salary hikes in India dipped to 9.7 percent in 2023 from 10.6 percent in 2022. In contrast, rentals in metro cities such as Bengaluru have outpaced salaries, rising on average by almost 30 percent from 2022 onwards.
