Anarock: Q2 sees a rise in house rent by 2-4% in top cities

19 Jun 2024 CW Team

According to real estate expert Anarock, improvements in the availability of housing have caused the rise in rent in the top seven cities?Delhi-NCR, Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Pune, Hyderabad, and Bengaluru?to slow. The data is based on the typical rent for a 1,000-square-foot, two-bedroom apartment. "In Q2 (April?June) 2024, average residential rental prices in these cities' major markets increased by 2-4 % on a quarterly basis compared to the previous quarter." According to the analysis, there was a quarterly increase in rentals of 4?9% in these markets during Q1 2024 compared to Q4 2023. The average monthly rent for a typical 1,000 square-foot, two-bedroom flat in Bengaluru's Whitefield increased by 4% from Rs 32,500 in January to March of this year to Rs 35,000 in Q2 2024. Nonetheless, as compared to the previous quarter, rents increased by 8% from January to March of this year. Santhosh Kumar, Vice Chairman of Anarock, stated that in India, the second quarter of most years typically witnesses a higher increase in rents compared to other quarters due to the commencement of the new academic year and the employment of new staff. He noted that this year, the decline in rental value growth coincides with significant new housing supply entering these markets. According to the data, the average rent in Noida's Sector 150 had risen by a mere 4% to Rs 25,000 per month in the April-June quarter from Rs 24,000 per month in January-March 2024. The quarterly increase had been 9% in January?March 2024 compared to the October?December period of 2023. Sohna Road and Dwarka had seen a 3% and 2% increase in rent, respectively, so far in that quarter. The average housing rent in MMR's key markets, Chembur and Mulund, had risen by just 2% against the preceding quarter (Q1 2024). In January?March 2024, it had risen by over 4% against Q4 2023. Hyderabad's HITECH City and Gachibowli had seen average rents rise by 3% each in April?June 2024 to date over the preceding quarter. In January?March 2024, the quarterly average rent hike in both of these markets was 5%.

According to real estate expert Anarock, improvements in the availability of housing have caused the rise in rent in the top seven cities?Delhi-NCR, Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Pune, Hyderabad, and Bengaluru?to slow. The data is based on the typical rent for a 1,000-square-foot, two-bedroom apartment. In Q2 (April?June) 2024, average residential rental prices in these cities' major markets increased by 2-4 % on a quarterly basis compared to the previous quarter. According to the analysis, there was a quarterly increase in rentals of 4?9% in these markets during Q1 2024 compared to Q4 2023. The average monthly rent for a typical 1,000 square-foot, two-bedroom flat in Bengaluru's Whitefield increased by 4% from Rs 32,500 in January to March of this year to Rs 35,000 in Q2 2024. Nonetheless, as compared to the previous quarter, rents increased by 8% from January to March of this year. Santhosh Kumar, Vice Chairman of Anarock, stated that in India, the second quarter of most years typically witnesses a higher increase in rents compared to other quarters due to the commencement of the new academic year and the employment of new staff. He noted that this year, the decline in rental value growth coincides with significant new housing supply entering these markets. According to the data, the average rent in Noida's Sector 150 had risen by a mere 4% to Rs 25,000 per month in the April-June quarter from Rs 24,000 per month in January-March 2024. The quarterly increase had been 9% in January?March 2024 compared to the October?December period of 2023. Sohna Road and Dwarka had seen a 3% and 2% increase in rent, respectively, so far in that quarter. The average housing rent in MMR's key markets, Chembur and Mulund, had risen by just 2% against the preceding quarter (Q1 2024). In January?March 2024, it had risen by over 4% against Q4 2023. Hyderabad's HITECH City and Gachibowli had seen average rents rise by 3% each in April?June 2024 to date over the preceding quarter. In January?March 2024, the quarterly average rent hike in both of these markets was 5%.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

Real Estate

06 Apr 2026

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Real Estate

06 Apr 2026

Domicil Debuts In Tricity With Luxe 9 Showcase

Domicil Germany, a luxury home furnishing brand from the House of HTL International, has made its Tricity debut with an exclusive showcase at Luxe 9, marking its first retail presence in the region.The invite-only event brought together architects, interior designers, real estate developers and high-net-worth individuals, reflecting rising demand for globally inspired, design-led living spaces.Centred on the theme ‘Celebrate Living with Timeless German Design’, the showcase highlighted Domicil’s focus on combining craftsmanship, functionality and refined aesthetics. Attendees experienced..