Noida, Gurgaon, Bengaluru register around 30 percent rent hike, highest in India The Economic Times
Rental prices in 13 major Indian cities have surged by 16% year-on-year in the March quarter, according to a report by Magicbricks. Greater Noida witnessed the highest increase, with rents soaring by 32.1%. Gurugram and Bengaluru followed closely with growth rates of 24.5% and 23.7%, respectively. In Greater Noida, an emerging home to several techies and corporate employees, rents soared 32.1% while Gurugram and Bengaluru saw an increase of 24.5% and 23.7%, respectively. Sequentially, rents increased by 2.8% during the Jan-March period, following an increase of 1.6% between Oct and Dec 2023, Magicbricks said in a statement.
