Property prices: Housing rents up 25-30% in major cities since 2019: Report
Housing rents in top micro-markets within major cities in India have surged by 25-30% since 2019, while property prices saw a 15-20% growth. Factors such as rising property values, limited supply of ready inventory, and affordability challenges for buyers have led to a significant surge in rental demand. With a fresh supply set to hit the market in the next 2-3 years, experts expect the momentum in rental demand to continue.