Rentals Soar in Major Cities in India: Bengaluru tops the chart, Mumbai 2nd – Know factors driving rental yields Financial Express
India’s Silicon Valley Bengaluru has again emerged as the numero uno city in terms of rise in rental yields in top 11 cities/regions of the country, according to an ANAROCK report. Mumbai was second on the list followed by Gurugram. IT-dominated Bengaluru tops the list with a rental yield of 4.45% in Q1 2024. Bengaluru’s rental yield in pre-Covid 2019 stood at 3.6%, which amounts to a growth of 24% in this period, showed ANAROCK data. Backed by strong post-pandemic rental demand, rental values in the city’s key areas have been rising inexorably after IT companies’ return to office call.
