The report underscores a substantial 16 per cent year-on-year surge in rental rates, with Greater Noida, Gurugram, and Bengaluru spearheading the growth trajectory with yearon-year growth rates of 32.1 per cent, 24.5 per cent, and 23.7 per cent, respectively.
In addition to the year-onyear escalation, the quarterly report highlights a 2.8 per cent quarter-on-quarter increase in rents, following a 1.6 per cent uptick observed in the preceding quarter spanning October to December 2023. Notably, rental demand has surged by a significant 16 per cent quarter-on-quarter during the review period, with Chennai, Navi Mumbai, and Noida registering the highest demand growth rates of 24.9 per cent, 20.1 per cent, and 19.2 per cent quarter-onquarter, respectively.
However, amidst the burgeoning demand, the supply of rental units experienced a marginal uptick of 1.8 per cent quarter-on-quarter, attributed to the swift absorption of available rental properties.
Diese Geschichte stammt aus der May 09, 2024-Ausgabe von The Business Guardian.
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Diese Geschichte stammt aus der May 09, 2024-Ausgabe von The Business Guardian.
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