Rents Surge 7.4% QoQ Across Major Cities, Rental Yields Increase to 3.62%
Rental prices in major cities across India saw a significant increase of 7.4% quarter-on-quarter (QoQ) between July and September 2024, marking the highest rise in two years. Chennai, Delhi, and Thane led the charge, with sharp rent hikes driven by high demand and limited supply. Meanwhile, rental yields averaged 3.62%, with Ahmedabad recording the highest yield. The report highlights a growing imbalance between rental demand and supply, which is expected to continue influencing prices in the coming quarters.
