Rental demand in India has seen an 18-18% surge, and average rents have seen an uptick of 4.9% over
August 26, 2023 ⚊ 1 Min read ⚊ Views 29 ⚊ BLOG
Indian rental demand and supply increased during the quarter from April to June 2023, leading to rents rising as well. Average rents experienced an increase in Bengaluru, Navi Mumbai and Gurugram while Delhi and Mumbai experienced slight decreases.
Since employees and students returned to work or school in major Indian cities last year, rental housing demand has surged significantly in key Indian cities. This surge has increased rents considerably as homeowners take advantage of the situation by selling their properties rather than renting them out.
Tags: 26, municipal administration, selling open plots
