Alchemy to get expensive furniture cheap: pay the rent

Maya Day, who lives in the Toliganj area of ​​Kolkata, was very worried when she suddenly had a problem. It was rumored that for the first time exactly one year after Maya's marriage, Maya, along with her elder sister Sapna's family, was coming from all over Mumbai to Kolkata to meet Maya. In fact, after one year of marriage, Maya and her husband Mahesh are still struggling financially due to family responsibilities, so they could not implement the idea of ​​decorating their house properly and attractively! That is why now Maya is worried that if her sister dreams of seeing her own flat with only 3 walls and a bed, what impression will Maya have on her mind? He now regretted that he did not even have the usual things like the dining table and extra pillows that people have in their house. Also, the idea of ​​buying new furniture and decorating his house in a single day seemed impossible to him due to lack of money.

But good luck with Maya's easy poem which told Maya a very simple way out of this problem. Maya was overjoyed when Kavita gave the information that furniture can be rented at reasonable prices in many shops on Russell Street in Kolkata! Maya had decorated her house in a very attractive way by renting furniture from one of the shops for 15 days. Sapna was overjoyed when she saw her sister Maya's house. He had such an impression of Maya and Mahesh in his mind that in addition to fulfilling family responsibilities, what wonderful furniture this couple had made in just 12 years! In comparison, when Sapna bit her past, she remembered that it took her and her husband Subodh about four years to set up furniture in their house. On her way back to Mumbai after staying at Maya's house in Kolkata for 15 days, Sapna was very satisfied with the rapid progress of her sister and her son-in-law Mahesh. Thus, all that Maya feared did not happen and all her worries were gone.

In modern times, shops selling furniture that can be rented and immediately assembled, sofas, beds, etc. have become very popular. Renting from a few hours to several years, this furniture is very useful for many occasions like birthday party, arrival of special guests and get-together. Many people are attracted to this idea. One of the main reasons behind this is that almost all the furniture is always available in such shops. There are several varieties of this furniture that can be rented at reasonable prices. Examples are garden chairs, dining tables, sofas, cupboards of various sizes, dressing tables and beds with different shapes and designs to be used in the bedroom.

The rental price of this furniture varies from city to city. The rent of furniture depends mainly on the condition of the furniture. The average price of a sofa rented in Delhi is Rs.100. And if the sofa is brand new then the rent is around Rs.500. The average rent for a dining table with six chairs is Rs. The rent for a chair is Rs. 50 and for a bed it is Rs.

Enthusiasm for renting furniture in Bangalore, however, is a bit high. However, there is a good demand for renting items such as old artistic hats, steel 'cupboards', wooden beds and towels and other small wardrobes. In Kolkata, the rent for various furniture such as dressing table, side table and cupboard made of teak wood is around 100 rupees.

A Poona shop raises its stock by buying old furniture for a private sale in the city of Poona while Delhi Furniture House buys furniture at auction.

Own stock is increasing. Due to this business which has been in his family for the last 3 generations, furniture of 70's is also found in abundance in Furniture House. Speaking about this, the owner of this shop says, "Such old furniture is of no use for our own use. And no one buys it. So it is better to rent it than to sell it in scrap. Because a lot of people come in search of artistic furniture, they are ready to rent this furniture from us.

However, the business of renting furniture is many decades old. But over the last 20 years or so, the business has grown exponentially. A furniture rental shop in Poona has about 200 customers. While a new furniture shop in Delhi adds 50 new customers every month. The furniture available in these shops may not be fashionable and modern in design, but it is durable and simple. In fact, most of these stores also sell new furniture. And many real shops buy old furniture and polish it and rent it out. That is why the price of this furniture is thus recovered from them. That is, they get a net profit from the rental amount. Thus, despite the fact that no significant amount is required in this business, the amount of profit earned in this business has been continuously increasing for the last 3 years. "My grandfather used to make a profit of only two rupees a month in his time when I could only make 5 to 6 per cent of the price of furniture as profit every month," says a Bangalore-based furniture shop owner who has been running the business since his grandfather's time. Am.

The main reason for the increase in demand of this business in the last 3 years is that nowadays the price of new furniture has skyrocketed. That is why many middle class people prefer to rent furniture at a reasonable and affordable price. Also, when they are tired of this furniture, it is better for them to return it and re-rent another different type of furniture. Besides, the number of people opening office at home is increasing day by day. Such people need furniture for their office e.g. It is easy to rent a computer table, file stand, staff chairs, etc. The owner of a furniture mart in Delhi says of the customers who come to his shop, "Most of the people who come to me to rent furniture are from the lower middle class . Sometimes when they have a party there or when some important guests are coming they take us to rent furniture from there for a day. Also, the number of people renting sofas and chairs for festive days and weddings is very high. In addition, people who come to study in India from abroad and work in high positions in companies here are also more likely to rent furniture. "Most of my customers are from the working class," said a Bangalore-based businessman. Many of my real clients are those who have been transferred to a company in Bangalore for 3-4 years and have come here to stay for a while, so the option of renting furniture is very convenient for them. Our business is doing well because they prefer to have a rented sofa and bed in their home. In addition, some companies rent furniture for the homes of their managers and executives at a cost of Rs 5,000 to Rs 10,000 per month. This becomes a brand new but very large consumer class for us. Also, since the re-sale value of the furniture (the amount to be re-sold) is low (only 20% of the total value of the furniture), renting furniture proves to be a viable option. Also, there is no danger of us losing our furniture by renting furniture to the working class. Our goods are 100% safe by renting furniture to working people. Because we get all the information about the person renting furniture from his company. Apart from this, if a company has rented our furniture, our goods are in good condition because they take good care of it.

However, there are frequent cases in this area where after renting furniture from such shops, many people, especially students studying in the city from outside, are selling the furniture and getting frustrated.