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).

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..