Rental price rise in Q2 of 2024 drops to 3 percent in Hyderabad

Hyderabad: Hyderabad’s rental market, particularly in Hitec City and Gachibowli, saw an average rent rise of 3 percent in the second quarter (Q2) of 2024, down from 5 percent recorded in Q1.

The once-booming rental markets in India’s top cities are now showing signs of stabilization due to a surge in housing supply. According to the latest Anarock data, average residential rental prices across the key markets in the cities saw a 2 percent to 4 percent quarterly increase in Q2 2024, a notable drop as against the 4 percent to 9 percent quarterly hike observed in Q1 2024.


Next Story :

Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe.  Click to follow Indtoday’s Facebook pageTwitter and Instagram. For all the latest Hyderabad News updates

Leave A Reply

Your email address will not be published.