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rental demand: Rental soars across cities as employees returned to work; Bengaluru tops the list

Post-pandemic rental demand surge drives up rental values across Indian cities, with Bengaluru leading at 4.45% rental yield in Q1 2024, a 24% growth since pre-Covid 2019. Mumbai and Gurugram follow, reflecting 19% and 15% growth respectively. Average rental rates in key areas of top cities see a significant 4-9% rise.
Santhosh Kumar Anarock Group Vice Chairman Value Growth Rental Demand Rental Values

renting costs: Rentals in prime micro-markets surge on rising demand for larger homes

Renting costs in prime residential micro-markets in Mumbai, Delhi, Bengaluru, Noida, and Gurugram have increased by up to 35% in 2023 due to the resumption of normal office routines by corporate employees who had chosen to work from non-metro locations during the Covid years. The opening of metro lines 2A and 7 between Dahisar and Andheri has boosted demand for rental homes, particularly in the western suburbs micromarket.
Vile Parle Indira Nagar Tamil Nadu Ashwin Chadha India Sotheby International Realty Golf Course Road

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