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

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..