IT hubs push home rent in India up 30% in first 9 months of 2023: Anarock

Led by IT hubs, the home rent in the top seven cities in India rose 30 per cent in the first nine months of 2023 as compared to the same period last year, according to data shared by real estate consultancy Anarock on Thursday. The highest jump in rent was seen in Bengaluru, Hyderabad and Pune.

The highest jump in home rent of 31 per cent was recorded in the Whitefield region in Bengaluru. It was followed by 27 per cent in Sarjapur Road, Hyderabad, and 24 per cent in Gachibowli, Hyderabad. The top seven cities for the data are Bengaluru, Hyderabad, Pune, National Capital Region (NCR), Mumbai Metropolitan Region (MMR), Kolkata and Chennai.