Rent Surge: Housing Rental Prices Increase Across Top Indian Cities
Average monthly rent for residential properties across seven major Indian cities has risen by 2-4% this quarter compared to the January-March period, citing Anarock's report. Increased housing supply has moderated the rental growth rate, with significant new units expected to enter the market.
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- India
Average monthly rent for residential properties has seen a 2-4% increase so far this quarter compared to the January-March period across seven major Indian cities, according to data from real estate consultant Anarock.
Anarock reported that the growth in housing rent across Delhi-NCR, Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Pune, Hyderabad, and Bengaluru has slowed down due to an increase in housing supply. The analysis is based on average rent for a 2-BHK flat of 1,000 square feet.
In Q2 (April-June) 2024, residential rental prices in these key markets saw a 2-4% rise over the previous quarter, following a 4-9% quarterly increase in Q1 2024 against Q4 2023, according to the report.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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