Key Points
Indias salaried population drives the demand for rental properties and a large percentage of tenants in cities like Bengaluru, Hyderabad, Pune and Mumbai belong to sectors such as banking, financial services and insurance, software and pharmaceuticals...
In Bengaluru, Indias Silicon Valley, some societies have seen a more-than-40 per cent rise in residential rentals compared to the pre-pandemic levels..
Rentals in Indias commercial capital, Mumbai, have risen over 20 per cent from a year ago, surpassing the average growth of 15 per cent across Indias top property markets, and 4.1 per cent sequentially during the January-March quarter, shows data from Magicbricks...
The micro-markets of the western suburbs and central and south Mumbai in the country's commercial capital; Golf Course Road and South Delhi in NCR; JP Nagar in Bengaluru; and Jubilee Hills in Hyderabad have seen significant increase in average monthly rentals, as per an ET report...
Home rentals in the National Capital Region (NCR) have risen 2540 per cent in the last year due to insufficient supply and increased demand from corporations requiring employees to return to work..
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