Dedicated locality research platform
Enter your email address and you will receive
a link to reset your password
Housing rental values are experiencing significant growth, particularly in IT/ITeS hubs such as Bengaluru, Hyderabad, and Pune, according to the latest ANAROCK Research data. In Bengaluru, prominent areas like Whitefield witnessed a remarkable 31% increase in residential rents for a standard 2BHK flat of around 1,000 sq. ft. from the end of 2022 to September 2023. Similarly, Sarjapur Road saw a 27% rise in rents during the same period. In Hyderabad, another IT hotspot, rental values in key markets, including HITECH City and Gachibowli, surged by up to 24%. HITECH City experienced a 16% growth, with average rents increasing from INR 24,600/month at the end of 2022 to INR 28,500/month by Q3 2023. Gachibowli, on the other hand, saw a substantial 24% increase, rising from INR 23,400/month to INR 29,000/month during the same nine months. Pune also demonstrated notable rental value growth, with the Hinjewadi micro-market leading at a 17% increase from INR 21,000/month in 2022-end to INR 24,500/month by September 2023. Despite these surges, experts predict a potential stabilization of rental values in the current quarter, as renting traditionally slows down in the last quarter of the year. However, the market is anticipated to regain momentum in the first quarter of the following year, coinciding with increased hiring and job relocations. Apart from these IT cities, other regions recorded noteworthy rental value growth in their prominent localities. Chennai's Pallavaram and Perambur, NCR's Sohna Road, Sector 150 in Noida, and Dwarka in Delhi, as well as MMR's Chembur and Mulund, and Kolkata's EM Bypass and Rajarhat, all experienced considerable rise in rental values, ranging from 9% to 14%. Notably, the residential rental yield - the annual ROI from capital invested in a property - has seen a positive shift in India. Bengaluru boasts the highest rental yield at 4.35% as of September 2023-end, followed by Mumbai at 4.05%, marking a notable increase since the pre-Covid era in 2019 when Bengaluru held the highest yield at 3.6%. This surge in rental demand post-Covid has rekindled investor interest in the housing market. Despite fluctuations, the positive shift in rental yields, reflects the resilience and potential of the Indian housing market.
Propscience is India’s dedicated property news portal. We cover the latest events, news, trends, deals, new launches and more.
All our services and tools are completely free of cost and available 24X7!
We use cookies to give you the best possible service while using our website, please click accept and carry on browsing if you're happy with this. For more information see our Privacy Policy.
Okay, Got it!This disclaimer ("Disclaimer") is applicable to the entire Site. Upon entering the Site it is recommended that you immediately read the Terms and Conditions and Privacy Policy listed therein. Your continued usage of this Site will indicate your unconditional acceptance of the said Terms and Conditions and Privacy Policy. You hereby agree that Propscience reserves the right to modify at any time, the Terms and Conditions and Privacy Policy governing this Site without prior notification. Your usage of the Site implies that you will be bound by any such modification. You agree and acknowledge that it is your responsibility to periodically visit the Site and stay updated with the Terms and Conditions and Privacy Policy of the Website.
The information contained in this Site has been provided by Propscience for information purposes only. This information does not constitute legal, professional or commercial advice. Communication, content and material within the Site may include photographs and conceptual representations of projects under development. All computer-generated images shown on the Site are only indicative of actual designs and are sourced from third party sites.
The information on this Site may contain certain technical inaccuracies and typographical errors. Any errors or omissions brought to the attention of Propscience will be corrected as soon as possible. The content of this Site is being constantly modified to meet the terms, stipulations and recommendations of the Real Estate Regulation Act, 2016 ("RERA") and rules made thereunder and may vary from the content available as of date. All content may be updated from time to time and may at times be out of date. Propscience accepts no responsibility for keeping the information in this website up to date or any liability whatsoever for any failure to do so.
While every care has been taken to ensure that the content is useful, reliable and accurate, all content and information on the Site is provided on an "as is" and "as available" basis. Propscience does not accept any responsibility or liability with regard to the content, accuracy, legality and reliability of the information provided herein, or, for any loss or damage caused arising directly or indirectly in connection with reliance on the use of such information. No information given under this Site creates a warranty or expands the scope of any warranty that cannot be disclaimed under applicable law.
This Site provides links to other websites owned by third parties. Any reference or mention to third party websites, projects or services is for purely informational purposes only. This information does not constitute either an endorsement or a recommendation. Propscience accepts no responsibility for the content, reliability and information provided on these third-party websites. Propscience will not be held liable for any personal information of data collected by these third parties or for any virus or destructive properties that may be present on these third-party sites.
Your use of the Site is solely at your own risk. You agree and acknowledge that you are solely responsible for any action you take based upon this content and that Propscience is not liable for the same. All details regarding a project/property provided on this Site are updated on the basis of information available from the respective developers/owners/promoters. All such information will not be construed as an advertisement. To find out more about a project / development, please register/contact us to visit the site you are interested in. All decisions taken by you in this regard will be taken independently and Propscience will not be liable for any such loss in connection with the same. This Site is for guidance only. Your use of this Site - including any suggestions set out in the Site and or any use of the resources available on this Site, do not create any professional - client relationship between you and Propscience. Propscience cannot accept you as a client until certain formalities and requirements are met.
We use cookies to give you the best possible service while using our website, please accept it and continue browsing if you're happy with this. For more information see our Privacy Policy