Housing rental increased by 40% in Delhi-NCR due to high demand

27 Apr 2023 CW Team

According to a media source, rents for residences in Delhi-National Capital Region (NCR) have climbed by 25% to 40% over the previous year due to a shortage of supply and increased demand from businesses urging staff to return to work. According to the survey, landlords are seeking to make up for losses by taking advantage of the supply-demand imbalance by raising rental costs for micro-markets in Noida and Gurugram. The inflow of relocating expats has also caused rents for farmhouses and serviced flats in the high-end market to increase.

According to the survey, the monthly rent for a two-bedroom condo in this location increased from Rs 45,000 to Rs 50,000 to Rs 75,000 in 2019. It used Gurugram's Central Park Resort on Sohna Road for instance. According to CMD of Central Park, Amarjit Bakshi, new recruiting practises and the return of regular office hours have increased demand for both new homes and rental properties across all locations. According to property specialists, Sohna Road is among the top three markets in the NCR region where rental value growth is picking up.

People want to prioritise their quality of life and live more comfortably as they return to the workforce and their responsibilities rise, according to Aakash Ohri, Group Executive Director and Chief Business Officer of DLF Ltd. Whether they are renting or buying a property, he explained, this simply implies that they would want to move to a new house or perhaps even a different neighbourhood. With a number of significant commercial and residential assets, Gurugram has been a real estate powerhouse during the past 20 years, drawing millennials and Ultra High Net-Worth Individuals (UHNIs).

Real Estate

08 Oct 2025

Bennet & Bernard Unveil Dutch-Inspired ‘Casa El Toledo’ in Goa

Bennet & Bernard Group, Goa’s leading luxury real estate developer, has launched its newest project, Casa El Toledo, in Assagao. The enclave features 18 ultra-luxury 4 BHK Dutch-style villas blending European charm with tropical elegance. Each villa includes a private pool, double-height ceilings, open courtyards, alfresco dining areas, and English-inspired landscaping. The interiors are curated by noted Dutch designer Kelly Marie. Reflecting the grandeur of the Dutch Golden Age, Casa El Toledo harmonises heritage aesthetics with modern sensibilities. Expansive interiors flow..

Godrej Delivers Heaviest Ecolaire Surface Condenser to US Project

Godrej Enterprises Group’s Process Equipment business has manufactured and delivered its heaviest Ecolaire® Surface Condenser to date, weighing nearly 450 metric tonnes, for a power-generation project in the United States. The project, powered by natural gas and partly designed for hydrogen compatibility, marks another step in advancing clean energy systems. Produced at the company’s GreenCo-certified Dahej facility in Gujarat, the equipment demonstrates India’s growing engineering capabilities and reinforces Godrej’s ‘Make in India for the World’ vision. Hussain S..

India, Brazil Discuss Energy Ties And Oil Investments

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri held discussions with Celso Luis Nunes Amorim, Special Advisor to the President of Brazil, and senior Brazilian officials to strengthen bilateral cooperation in the oil, gas, and energy transition sectors. The talks took place during a dinner hosted by Kenneth H da Nobrega, Ambassador of Brazil to India, at his residence in New Delhi.Mr Puri said the meeting focused on Indian investments in Brazil’s oil and gas sector, as well as expanding collaboration in energy transition and biofuels. “The enriching conversation revolved ar..