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venkatesh panchapagesan
Venkatesh Panchapagesan

Venkatesh Panchapagesan

Venkatesh Panchapagesan, Professor of Finance and Head, Real Estate Research Initiative, IIM Bangalore

Most Indian leases include predetermined escalation clauses — typically 5-10% annually. When tenants continue, rents rise mechanically according to these pre-agreed escalation terms.

India’s CPI Reform Still Misses the House Rent Reset Problem

by Venkatesh Panchapagesan |Apr 18, 2026

The revised CPI continues to capture the average rent paid by incumbent tenants rather than the marginal rent faced by new entrants. The resultant lag in capturing real rental inflation could impact m...