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.