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

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

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%.

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?