+
Demand for rental residential houses rose in 2022: Anarock
Real Estate

Demand for rental residential houses rose in 2022: Anarock

The demand for residential rental houses in top seven cities in India has increased by 10-20% in 2022 as compared to the pre-pandemic period in 2019. According to a report by the Anarock Group, the demand for rental houses has spiked, and in most places, it has outstripped the supply.

The rise in demand can be attributed to people returning from their hometowns, as several companies have started calling their employees to the office.

The highest rise in the demand for rental houses was seen in Mumbai and Bengaluru. In both the cities, the demand rose by 15-20% as compared to 2019. In NCR, the demand rose by 10-15%, followed by 10-20% in Pune.

In Kolkata and Hyderabad, demand for rental houses rose by 5-10% each and in Chennai; it was 8-10% higher than in 2019.

The demand for residential rental houses in top seven cities in India has increased by 10-20% in 2022 as compared to the pre-pandemic period in 2019. According to a report by the Anarock Group, the demand for rental houses has spiked, and in most places, it has outstripped the supply. The rise in demand can be attributed to people returning from their hometowns, as several companies have started calling their employees to the office. The highest rise in the demand for rental houses was seen in Mumbai and Bengaluru. In both the cities, the demand rose by 15-20% as compared to 2019. In NCR, the demand rose by 10-15%, followed by 10-20% in Pune. In Kolkata and Hyderabad, demand for rental houses rose by 5-10% each and in Chennai; it was 8-10% higher than in 2019.

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?