Rental values in key micro-markets of the top 7 Indian cities have seen a whopping 72 per cent jump over the last three years, an industry report said.
The property capital values in these markets, however, saw a lower growth rate during the period between 2021-end and H1 2024, the report by Anarock Research said.
Prashant Thakur, Regional Director & Head, Research – ANAROCK Group, said data analysis of key micro-markets in the top 7 cities showed that in cities like Bengaluru, Pune, Kolkata and Chennai, average residential rental values rose more than the capital values between 2021-end to H1 2024.
However, areas in Delhi-NCR, Mumbai Metropolitan Region (MMR) and Hyderabad saw the reverse trend – capital values appreciated more than the rental values, he said.
“Such data can be a key parameter – though by no means the only one – used to determine whether it is more advantageous to buy a property or opt for renting,” Thakur said.
Bengaluru’s Sarjapur Road saw average monthly rental values increase by 67 per cent, while capital values increased by 54 per cent, the report showed.
On the other hand, Delhi-National Capital Region’s Sohna Road saw rental values rise 40 per cent, while capital values saw a higher rise of 54 per cent, it said.
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