Key Points
More employees have returned to the city over the last one year and this has led to the rise in rental values of residential properties by almost 20% during this period..
Residential demand, especially in the rental segment, started witnessing a sudden spike since last summer, said property brokers.iStock..
The Mumbai property market is setting new benchmarks not only in terms of number of registrations through outright sale deeds, but it has also been recording high growth in rental appreciation as most corporates push for hybrid work option as against a complete work from home mode...
Many locations including central Mumbai, Bandra, Khar, Andheri, Powai, Malad, Chembur, Goregaon and Ghatkopar have seen the demand spike for well-managed housing societies...
Rentals in the country's commercial capital have risen over 20% from a year ago, surpassing the average growth of 15% across India's top property markets, and 4.1% sequentially during the January-March quarter, showed data from Magicbricks...
