Earlier people were satisfied with the limited amount of furniture while they are living alone or with family as most of the day was spent at work. But today they feel the need for that coffee table which can be used for other purposes as well or sofa cum bed, which could be used while working, Enjoying the coffee while watching Tv and cosying up at night after a tiresome day. Nowadays most of the millennials and newly-wed couples are becoming aware of their home aesthetics and are looking for the best options to level-up the same.
With people becoming more conscious about their expenditure and investments, they are also giving a second thought while purchasing these furniture pieces. This is where the rental industry has come for their rescue. According to Fabrento, India’s leading rental platform, people are now looking to rent multi-purpose furniture to décor their homes. The platform has observed a hike in the requirements for such essential furniture which can be useful for the multi-purpose tasks.
According to consulting firm Research Nester, the country’s furniture rental market alone is expected to be worth $1.89 billion by 2025. Tens of thousands of young Indians are switching from buying to renting so they can live life with few strings attached.
