The rental market in India is witnessing a significant surge, with 13 major cities recording a 14.6% YoY increase in rents. According to Magicbricks' latest report, the average rent across these cities has risen to Rs 33.3 psf per month.
Rental MarketIndian CitiesMagicbricksReal EstateInvestment MarketReal Estate NewsAug 01, 2024
Navi Mumbai, Hyderabad, and Ahmedabad have emerged as the top cities with the most significant increase in average rents.
The average rent across the 13 major cities has risen to Rs 33.3 psf per month.
The average rental yield across the top 13 cities is 3.6%.
Investments in Ahmedabad, Pune and Kolkata demonstrated the highest rental yields (3.8%).
With economic activity peaking, we anticipate continued growth in both rental demand and rents in the short to medium term.
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