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BENGALURU LEADS RENTAL SURGE ACROSS INDIA'S TOP 7 CITIES WITH 31% SPIKE
The Daily Guardian
|December 28, 2023
Bengaluru witnessed the most significant surge in rental rates in 2023, according to two independent surveys.
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No Broker’s Real Estate Report 2023 and consultancy firm Anarock both reported that rents in prominent areas of Bengaluru rose by over 30 percent.
No Broker stated that seven percent of landlords in Bengaluru and Mumbai increased rents by more than 30 percent in 2023, and 52 percent of surveyed landlords in Bengaluru rely entirely on rental income.
Anarock’s report highlighted that Bengaluru, Hyderabad, and Pune experienced the highest rental increases in the first nine months of 2023. According to the consultant’s findings published by the New Indian Express, rents for a standard 2BHK flat of about 1,000 square feet in Bengaluru’s Whitefield grew by 31 percent, while rents in Sarjapur increased by 27 percent.
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