09 May 2025, Hyderabad: RentenPe, a pioneering app redefining the hereto unorganised residential rental landscape in India, is thrilled to announce its expansion into the country’s
most vibrant cities — Chennai, Kolkata, Ahmedabad, Delhi-NCR, and Hyderabad. RentenPe is set to elevate rental experiences for tenants and landlords by using tech as a disruptor to bring structure and transparency to India’s unorganised residential rental market.
India, with nearly half its population under 40, is seeing a surge of young professionals migrating from smaller towns to major cities, driving demand for secure, value-driven rental solutions. Many spend about 30% to 40% of their income on rent while aspiring for homeownership. According to research endorsed by the global consultancy firm Ernst & Young Parthenon, India’s residential rental industry was estimated at INR 1.85 lakh crores across seven major cities in FY 2021, and is set to grow at a CAGR of 8–10% over the next five years.
RentenPe is addressing this need through its intuitive mobile app, programmed to serve tenants and landlords. RentenPe has also introduced India’s first Rent Credit Score (R Score™), letting tenants build a formal credit profile through timely rent payments, unlocking better rental deals and access to financial products like home loans. The platform also offers instant ID and address verification, court record checks, rent agreements, including renewals and a chatbox, all bundled at lower charges for landlords as additional services. Through NBFC partnerships, it provides various benefits such as short-term loans for rental needs, while offering real-time rent tracking, transparent payment histories, rewards for timely payments, and lowest credit card fees for tenants.
Elaborating her vision for RentenPe, Ms. Sarika Shetty, Co-Founder and CEO, says, “Traditionally, rent hasn’t been a part of credit score calculations in India. At RentenPe, we’re redefining what it means to rent by making Rent Credit Scores (R Score™) a mainstream concept, helping residents transition from renting to home ownership. Our vision is to provide a seamless, stress-free rental experience while driving a positive shift in the rental ecosystem with more financial inclusion. Our recent expansion into Chennai, Kolkata, Ahmedabad, Delhi-NCR, and Hyderabad is a part of our ongoing efforts to ensure that no home is rented out by landlords in the upcoming years without an exchange of Residence Card (R CardTM).”
Addressing the longstanding need for transparency and innovation in the country’s fragmented rental sector, RentenPe is reinventing the renting experience for tenants and landlords by leveraging technology to enable secure, efficient transactions and a user-centric design that ensures ease of access. In addition to providing access to microloans, R ScoreTM can empower those who are new to credit by turning monthly rent payments into a reliable credit history. This alternative scoring model enables banks to assess creditworthiness more accurately to bring millions into the formal financial ecosystem.
