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Bengaluru sees highest increase in rental yields
The Morning Standard
|April 30, 2024
AMONG the top metro cities, IT-dominated Bengaluru had the highest rental yields at 4.45% in the first quarter of CY24 (Jan-Mar). Mumbai came next with 4.15% in the same quarter, followed by Gurugram at 4.1%, showed real estate consultancy firm Anarock data.
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The data showed rental values in Bengaluru's key areas have been rising inexorably after IT companies' return to office call. The city's rental yield in pre-Covid 2019 stood at 3.6%, which amounts to a growth of 24% in this period. Mumbai's rental yield was 3.5% in 2019 and Gurugram was at 3.5%.
This story is from the April 30, 2024 edition of The Morning Standard.
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