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.
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