Top 7 cities witness 30% surge in housing rentals from Jan-Sept 2023

14 Nov 2023 CW Team

According to ANAROCK Research data, there was an increase of over 30% in housing rents in the top seven cities during the first nine months of 2023. This surge was particularly prominent in the leading IT/ITeS hubs, namely Bengaluru, Hyderabad, and Pune.

It was observed that residential rentals in the significant areas of Bengaluru experienced a growth of over 30% in the first nine months of 2023. Specifically, the rents for a standard 2BHK flat with an approximate area of 1,000 sq ft in Bengaluru's Whitefield increased by 31% in the 9-month period. Similarly, on Sarjapur Road, the rents for such homes rose by 27%.

In Whitefield, the average monthly rent for a standard 2BHK home of 1,000 sq ft saw an increase from Rs 24,600 per month at the end of 2022 to Rs 28,500 per month by the end of September 2023.

Hyderabad experienced the second-highest growth in rental values, with key markets in the city witnessing up to 24% growth during this period. In HITECH City, the average rents were Rs 24,600 per month at the end of 2022, and by the end of Q3 2023, they had reached Rs 28,500 per month, indicating a 16% growth in the nine-month period. Gachibowli also saw rents increase by 24% during the same period, rising from Rs 23,400 per month at the end of 2022 to Rs 29,000 per month by the end of September this year.

The Hinjewadi micro-market in Pune recorded a rental value growth of 17% in the last nine months. Here, the average rents were Rs 21,000 per month at the end of 2022, increasing to Rs 24,500 per month by the end of September 2023. Similarly, rents in Wagholi increased by 18% during the said period.

Infrastructure Urban

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..