Rent Ur Duniya

Your Complete Home Furnishing Rental Solution Company

Harmonized Randomness | Mohit

Filed Under : Uncategorized by Mohit
May.17,2012

Let me tell a bit about myself cause from what i am seeing, I’ll be blogging for quite sometime here. I am Mohit currently doing interning in RentUrDuniya and its only been roughly ten days and already i am amazed. Amazed by the city Bangalore, amazed the people, amazed by culture, amazed by the experience of standing in bus stand with knowledge of only destination and figuring out the journey with no balance in mobile.

Let me try to be a bit more coherent, which is really A task for me cause one of my friend once told me that i am fickle minded well she almost tricked me into believing that but i am still scrutinizing that aspect, anyways coming back to point. Oh yes !! the flight. Pilot these days are really becoming worse and worse he did a very pathetic landing one of the worst i have experienced. A fellow passenger beside me closed his eyes and started chanting something, something in Assamese i guess. Afterward i and Ajith, Ajith the brain behind RentUrDuniya, met and we had lunch together with his wife and his cute little, infact very little, daughter akansha at his place. I was really amazed(again) by Ajith. He’s just a awesome guy. He is so clear about his wants, need and vision. He is so well organized even is his random discussions. I am not saying all of this just cause I am interning under him but because of various little discussions we had here and there i was really impressed and got blown by the knowledge of this guy.We discussed a lot of stuff during office hours and i really feel happy to be interning under him. Well i must also tell you about Kabir another fantastic guy with his sweet old bullet bike and nice vintage-ish! leather jacket, though we were not able to interact much(may cause he is such a busy guy or i dont know why!) he really seems an awesome guy. We just had a nice chat about music and i kind of liked his genre of music.

In he weekend Ajith advised us to goto Startup Saturday. I was yet again amazed by the people i met there.I found  many new thing yet to be discovered. All those people had that flare to do something of there own and to make it big. There were all kind of people, new, old, rookie, veteran just  think of anything and it was there. Whew!! wrote in excess of 400 words already and i am still not done. I should save it for the next time.Feel free to comment below about anything as this my first time blogging i would love to hear your feedback.

  Read more...

First week @ Rent Ur Duniya

Filed Under : Uncategorized by kumar

This is my second week at Rent Ur Duniya and also my first blog .Me alongwith Mohit were selected for intern at Rent Ur Duniya .Mohit is third year student from my college.When I got selected intern at Rent Ur Duniya, I felt very excited as it was going to be my first experience at a startup. I was wondering how will it feel to work at startup , what kind of people I will meet there and most importantly about my accomodation as I didn’t know anybody in Bangalore.

I reached Bangalore on 6th May in evenning . Ajith (CEO Rent Ur Duniya) himself was there to take me. He had already arranged for a PG accomodation for me and Mohit (nice for us :) ). He is really a very cool minded guy. The way he manages things is quite impressive . He kind of seems to be an ideal guy to me .Ajith and Kabir together run Rent Ur Duniya. On the first day of our intern Ajith explained to us all the problems that they were facing in running it due lack of technological backend to support them . He explained to us the functional architecture that he had thought to support his business which in turn will create the platform that will facilitate the growth of the company. We were asked to search over internet and forums and gather information about various kind of platforms ,technology and architecture available that can be used to implement the functional architecture . I was asked for getting information about various kind of web hostings that are available and decide which one will be the best suited for our needs. At first I was not at all confident about whether I will be able to do it or not but the kind of confidence that Ajith showed really made me believe that yes , I can do it. He took us with him to the launch of shoppers on,there I met several other startup founders. We attended  “Startup Saturday”. I was amazed by the fact that some of the startup guys were of my age group who had started startup. I was so wrong to think that starting a company needs several years of experience and good understanding of the field, but it seems like its only the way of execution and planning that matters to make a startup successfull.

In all this I forgot to mention about Kabir . He calls himself a carpenter and I really got fooled into this ;) .What I have learned about him from my personal experience is he is a furniture expert with a good understanding of technology.He is not an expert at technology but yes he can find his way around day to day technical problems.He cannot explain things technically but he knows the current technologies.He plays guitar too. He is really a busy guy .I haven’t yet got much time talk to him so still there is very much more for me to know about him. For know he appears to be a cool minded guy.

  Read more...

Rent More, Rent Long – Get Up To 60% Discount !

Filed Under : Bangalore rental,Furniture Rental,Home Appliances,Home Furnishing Rental by ajith
Jan.16,2012

We get a lot of requests on a daily basis for short term and extreme short term rentals. Our definition of short-term rental is less than one month. Well there is nothing wrong with that. In fact why would you buy furniture or appliance if you have such a short term requirement. However, we at Rent Ur Duniya, believe in a different philosophy and such short-term rentals are not exactly our forte.

We would like you to think of Rent Ur Duniya as a place to accessorize your home with the best of furniture and best of appliances for a reasonable price for the short to medium to even long term. Our definition of short term is 1 to 3 months, medium term is 6 months and long term is anything above 6 months to 2 years.

Our prices are also such. Many people have told us that our 1-month prices are high. Well, we don’t  disagree. Even though we would like to think that they are reasonably priced for the kind of furniture you would get, we are sure that for a section of the society it might be priced higher. Please be assured that we are working on getting different range of furniture catering to various price points.

In the meanwhile, do think of us for furnishing your entire house for a longer term. We provide up to 60% discount to the A-La-Carte (1-month) prices when it comes to package discounts. Here’s a table to describe what kind of discounts can you expect when it comes to packages. For more information, please do give a shout at CustomerCare@RentUrDuniya.com or call us on +91-9739594000

Rent Ur Duniya - Rental Package Discount

  Tags : ,

  Read more...

Rent Ur Duniya – December Offers Galore !!

Filed Under : Bangalore rental,Furniture Rental,Furniture on hire,Furniture,Home Appliances,Home Furnishing Rental,Rent Electronics,Rent Furniture by ajith
Dec.5,2011

Rent Ur Duniya has the following offers -

  • Free Microwave with any package (having an electronic item) with a 6-month contract or above.
  • Free Bedside with any furniture package worth Rs 5000/month or more.
  • 1 Month free rental for any item/package on a 6-month contract
  • 2 Months free rental for any item/package on a 12-month contract
  • 3 Month free rental for any item/package on a 24-month contract
These offers are valid only till Dec 31st 2011 !!

 

  Tags : , , ,

  Read more...

Rent Ur Duniya – 5-Minute Survey

Filed Under : Uncategorized by ajith
Nov.21,2011

Dear Rent Ur Duniya Visitors,

As we are trying to grow, we would like to hear from you what is it that you would like to rent. Please take this 5-minute survey. Your opinion matters to us a lot.

http://www.surveymonkey.com/s/F7PN33Z

 

 

  Tags : ,

  Read more...

Rent Ur Duniya Introduces Home Appliances Renting

Filed Under : Appliances on rent,Home Appliances,Rent Electronics by ajith
Oct.19,2011

We here at Rent Ur Duniya have been working for some time now to introduce electronic appliances for renting.

It’s here finally – Rent Ur Duniya is now renting out home appliances !! This basically completes the Duniya that we had embarked on providing rentals for.

People, you can now rent LCD Televisions, Refrigerators, Washing Machines, Microwaves at reasonable rates. We have various options for you to choose A La Carte including a stand-alone Home Appliances package. The Home Appliances package includes all four items at rates ranging from Rs 2400/month (for a 2-year contract) to Rs 3600/month (for a 6-month contract).

Feel free to add this to the various furniture packages that are already available.

Here are the details of these items -

LCD TV - 32 inch, 2 HDMI ports, HD-Ready, Black Color

Refrigerator – 230 Litres, 2-door, Grey Color

Washing Machine – Fully Automatic, Top-load, 6 Kg, White

Microwave – 20 Litres, Steel finish

 

Typically these products cost the following in the market -

32″ LCD TV – Rs 20,ooo – Rs 35,000

230L two-door Refrigerator – Rs 15,000 – Rs 20,000

6 Kg Top-load Fully-Automatic Washing Machine – Rs 12,000 – Rs 18,000

Microwave – Rs 4,000 – Rs 8,000

 

Please watch out for exciting packages that we plan to introduce soon to completely furnish your home !!

 

  Tags : , , ,

  Read more...

Why Should You Rent Furniture? – The Financial Argument

Filed Under : Bangalore rental,Furniture Rental,Furniture on hire,Furniture,Home Furnishing Rental,Rent Furniture by ajith
Aug.10,2011

I guess to answer this question one needs to get into the minds of the Indian customer. The quintessential Indian customer has been programmed to ‘own’.  From time immemorial our ancestors have believed in amassing wealth which translates into ‘owning’ under different contexts. A person who ‘owns’ land becomes a landlord or a Zamindar. A person who owns land invariably also owns a house of his own and in these modern times a four-wheeler as well.

Now all that makes complete economic sense if what you wish to own is comfortably affordable and makes economic sense in the long run. However, in these modern times with extremely high inflation rates, owning land, house, car et al is far from being comfortably affordable. In fact, people take on loans way beyond their capacities just to satisfy their pride of owning.

So does buying make complete sense under all circumstances?

No not really.

We think it makes sense for truly appreciating assets. A house or land, in India, may qualify to be a truly appreciating asset. Purists would argue that real estate can crash as well (as it did in the United States). But I think we are still a few decades away from real estate from being a true commodity. However, you could argue in the short-term whether the current buying rates (at least in Bangalore)  are sustainable. Especially since the ratio of Rent/Year by Cost of owning a house is well below 5% (it’s in fact hovering around 3% these days).  In other words, at the current rate you could rent a place for around 25 years before you actually overhaul what you pay today for buying the same place.

But what about depreciating assets? Cars, Household items, Furniture?

Unless you own a vintage car or Mughal era furniture, it is unlikely that they appreciate over the years. So then what’s the point of buying them. You could argue that these items are affordable. Are they? Maybe. But could you have put your capital to a better use?

Here’s the argument for why buying may not make sense for at least in the case of furniture and maybe renting is the way to go.

Suppose one is intending to furnish a 2-BHK house.  Here’s what your sale invoice is mostly going to look like  (of course tastes differ and so does cost) -

Sofa Set – Rs 40,000

Coffee Table – Rs 5000

Dining Table (4-Chair) – Rs 30,000

Master Bedroom Cot – Rs 30,000

Guest Bedroom Cot – Rs 25,000

Bedsides (2) – Rs 10000

Total – Rs 1,40,000

Most of the modern-day furniture pieces have an average life of 7-10 years. But then again in these modern times, folks seldom stick to a long-term plan. Life changes and so do circumstances (studies, job, marriage, new home, children). This has been  outlined in the previous post on the same topic.

Need for furniture changes with lifestyle and circumstances. Typically, between the age of 20-40, there is some life changing event happening every 2-3 years with folks. So much so, that you may have to get rid of the furniture and get altogether new pieces.

Typically, furniture lose 60% of their original value by the first two years (According to Income tax rules it is 10%/year).  Now in India, it is not easy to sell a second-hand furniture. Yes you can go to the nearest big furniture mall and exchange it, but good luck with that since you can be assured that you may not even get 20% of what you originally paid for. So even if we assume that you get your 40% of your original cost, here’s your total figure -

-Rs 1,40,000 (Original Cost)

+ Rs 56,000 (Price you get after 2 years, that is if you are lucky)

- Rs 28,000 (10% interest rate/yr on 1.4 lacs for 2 years)

- Rs 4000 (Transportation during buying & selling)

______________________________________________

= -Rs 1,16,000 (Total money out of your pocket)

Here’s what you would pay if you were to rent the same from Rent Ur Duniya -

-Rs 5400 x 24 (Rent for 24 months)

- 4320 (10% interest on 4-months deposit amount for 2 years)

+ Rs 28,000 (10% interest rate/yr on Rs 1.4 lakhs for 2 years)

- Rs 0 (Transportation cost)

__________________________________________________

= -Rs 1,05,920 (Total money out of your pocket)

So clearly renting furniture in the short-term definitely makes more sense than buying from a financial point of view.

Of course, what we clearly don’t have transparency into is the price that you would get when you sell your second-hand furniture. There is a lot of uncertainty in that space and it would be foolish to assume that you would be easily able to liquidate when you wish to at a price that you think you should get.

Food for thought. Think about it.

  Tags : , , , , , , ,

  Read more...

Why Should You Rent Furniture? – For The Common Man

Filed Under : Bangalore rental,Furniture Rental,Furniture on hire,Furniture,Rent Furniture by ajith

This is the question everyone asks us. Why should we rent furniture? Buying furniture is not like buying a house that it is out of the reach of the common man. Yes they may be expensive, but they definitely are not impossible to buy. In fact, do we know anybody around us here in India who is renting furniture? Chances are low to nil.

But my dear friend, there is a case for renting furniture. It depends on what stage of life you are in or who you are.

(1) Are you a college going grad? – There are umpteen students (at least in Bangalore) who share a 3-BHK apartment close to their college. They are in for a short-term arrangement (max 2-4 years) after which they know that they would go on their own career paths. Most of these students, even though their parents can afford it, sleep on a make-shift bed on the floor along with little or no furniture in the house. The argument here is why would you want to invest in furniture when you know that you are going to be out of here within a few years.

The answer – Try renting furniture !!

(2) Are you the FOB (fresh-on-board) in one of the IT giant companies from a different city? – On the first week of joining, while you are signing hundreds of documents (bank accounts, home rental agreement et al), chances are that you pay no heed to what you are going to be sleeping or sitting on once you land up a house. Some of you (the I-can’t-sleep-on-the-floor kind) would head to the nearest furniture shop and most likely plonk down 20-30K (of dad’s hard-earned money since you haven’t got your paycheck yet) for some crappy furniture and get yourself the so-called comforts of home.

The answer for you (sinning by repeating) – Why buy? Rent Furniture !! And to think about paying after you get your first paycheck !! Talk about being independent from the first month !

(3) Are you the software engineer who is flying to San Jose next week for a 6-month assigment? – Come on this is a no-brainer. So it’s been two years since you have joined your company and the company decides to send you on a 6-month long vacation (oops sorry work abroad). Over the past two years, having graduated from bachelorhood, some sense has prevailed and you have a better living standard. You bought the single cot, the two-seater to sit, a wardrobe to keep your stuff. But oops, what do you do with them now? Sell them on Ebay for throwaway price because you just have 1 week before the flight? Or ship it off to mom & pop’s already crowded house?

Didn’t we say it’s a no-brainer? – Why buy ? Just Rent !!

(4) Are you newly married and renting a house? – Yep we know, it’s a great feeling. Do enjoy this time (because it doesn’t last long ) Hey but aren’t you thinking of moving back to Gurgaon because an opportunity is knocking at the door. But alas, you now have bought the grand queen cot from Home Town, the beautiful his & her wardrobe, the plush sofa-set (just to impress the nai dulhan !!). Your home looks great, but so are you poorer by a lakh and now you have to shell out a fortune to ship them to Gurgaon !

The answer – I thought we said – Why buy ? Just rent my dear !!

(4) Are you the one who has booked a flat which is due next December? – Hmmm…tricky. The builder has a tendency to delay. He has already delayed by a year and a half. But you do need that extra double-cot for the frequent guests that you host. So you end up shelling 30K to buy the cot (which by the way you get fleeced for low quality). But you know that it doesn’t match with the decor you intend for your new home or the new home just doesn’t have the space for it.

The answer – Again.. why buy? Just rent the double cot !!

I guess we have made the point. There are quite a few reasons why one should think about renting and not buying furniture. I guess the immediate question would be what choice do we have. Yes you do –Rent Ur Duniya. We are here to solve your problem with minimum pain for you.

  Tags : , , ,

  Read more...

Rent Ur Duniya – The Beginning

Filed Under : Bangalore rental,Furniture Rental,Furniture on hire,Furniture,Rent Furniture by ajith

Rent Ur Duniya is a startup based out of Bangalore. We are attempting to solve the problem of getting quality home furnishings for rent. As of Nov 2010, we are open to rentals only in and around Bangalore. Of course, with due success, we would hope to expand to other cities.

This blog chronicles the ups and downs of running this startup.

  Tags : , , ,

  Read more...

Copyright 2010 Rent Ur Duniya | Powered by WordPress | Designed by www.zoarra.com