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 Energy

17 Sep 2025

Adani Power To Build 2,400 MW Plant in Bihar

Adani Power on Saturday (September 13, 2025) announced plans to set up a 2,400 MW ultra super-critical power plant in Bihar at an investment of $3 billion (around Rs 26.48 billion).The company has signed a 25-year Power Supply Agreement (PSA) with Bihar State Power Generation Company Ltd (BSPGCL) to supply electricity from the project, which will be located at Pirpainti in Bhagalpur district.The PSA follows a Letter of Award issued by BSPGCL to Adani Power on behalf of North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL) in August. Adani P..

Infrastructure Energy

17 Sep 2025

NTPC Plans Nuclear Power Projects Via JV and Standalone Routes

Power major NTPC is planning to develop nuclear power projects both through joint ventures and on a standalone basis, CMD Gurdeep Singh has said.The company is collaborating with nuclear technology providers and state governments to explore individual nuclear projects, Singh added.Currently, the NTPC Group has an installed capacity of 82,926 MW across 53 NTPC-owned stations and 53 joint venture or subsidiary stations, drawing power from coal, liquid fuel, hydro, and solar sources.In December 2024, Singh had announced NTPC’s ambitious plan to enter the nuclear energy sector, a move expected t..

Infrastructure Transport

17 Sep 2025

RVNL Wins $21.6 Million Bhopal Division Traction Substation

Rail Vikas Nigam (RVNL) has been declared the lowest bidder for a $21.6 million traction substation contract awarded by the West Central Railway.The project covers the design, modification, supply, erection, testing, and commissioning of a 220/132kV/2×25kV Scott-connected traction substation, switching posts, Auto-Transformer installations, and Supervisory Control and Data Acquisition (SCADA) systems in the Bina–RTA section of the Bhopal Division. The execution period is set at 540 days.In a regulatory filing, RVNL stated that the order was secured in the ordinary course of business and doe..