The rent of houses around Golf Course Road in Delhi-NCR has increased by 11% from Rs 70,000 in 2020 to Rs 78,000 in 2022. There is an increase of 3 percent in the capital value which has increased from Rs 13,150 to Rs 13,500.
increase in house rents
In the midst of high inflation, the rent of the house is troubling the people. Small town or big, everywhere rent hike is being viewed. This has come to the fore in a report. The report says that the average monthly rent of a posh colony has increased from 8 to 18 percent in 7 major cities of the country. This increase has been seen in the last 2 years. This report has been given by Anarock. The report also says that the rents have increased by 18% in two years, while the capital value of these houses has increased by only 2 to 9%. real estate Consultant company Anarock has said that there is a sharp increase in the demand for buying or renting luxury residential properties in 7 major cities of the country. The names of these cities are Delhi-NCR, Mumbai Metropolitan Region, Chennai, Kolkata, Bengaluru, Hyderabad and Pune.
According to the report, Mumbai has the highest 18% fare increase in Worli. Here the rent of 2000 sq ft apartment in 2020 was Rs 2 lakh which has increased to Rs 2.35 lakh in 2022. The highest increase in house prices has been observed in Rajaji Nagar, Bangalore. This increase is up to 9 percent. The price here was Rs 5698 per sq ft in 2020 which increased to Rs 6200 per sq ft in 2022. Anarock Chairman Anuj Puri says that the luxury housing market has seen double-digit rental growth in the last two years.
rent was less before covid
In the two years before Kovid, the rent of houses used to increase by as much as 5-7 percent, but now the increase has gone into double digits. Anarock says that after Kovid, people are preferring a bigger house. During Kovid, people felt the need of big and open ventilated house. Due to this, the demand for big houses has increased among the people. Therefore, an increase is being seen from prices to rents.
According to the data, the average monthly rental in JP Nagar Bangalore has gone up by 13% to Rs 52,000 which is the rent of an apartment of 2000 sq ft. Earlier this fare was Rs 46000. The average monthly rental in Rajaji Nagar has increased from Rs 56,000 to Rs 65,000 while the capital value has increased by 5 per cent to Rs 13,900 per sq ft.
house rent in chennai
Average monthly rental of 2000 sq ft luxury flat in Anna Nagar, Chennai has increased by Rs 56000 to Rs 63000. Its capital value has increased by 5% from Rs 11300 to Rs 11850. Similarly, in Kottapuram, the rent for the month has increased by 14% and it has reached from Rs 74000 to Rs 84000. An increase of 4 percent i.e. Rs 14000 has been registered in the capital price.
Rent in Hyderabad, Kolkata, Mumbai
The rent of a 2000 sq ft flat in Jubilee Hills area of Hyderabad has increased by 15% to Rs 62000. The capital value has increased by 6% from Rs 6950 to Rs 7400. There should be an increase of 8% in the rent in Alipore, Kolkata, which has reached from Rs 60,000 to Rs 65,000. There has been a 4 percent increase in the capital price which is Rs 13,500 per sq ft. The rent of a 2 thousand sq ft house in Tardeo in Mumbai Metropolitan Region has increased by 15% from Rs 2.7 lakh to Rs 3.1 lakh. There is an increase of 3 percent in the capital value which has reached from Rs 41,862 to Rs 43,000.
The rent of houses around Golf Course Road in Delhi-NCR has increased by 11% from Rs 70,000 in 2020 to Rs 78,000 in 2022. There is an increase of 3 percent in the capital value which has increased from Rs 13,150 to Rs 13,500. The Golf Course Extension Road is witnessing a 12 per cent increase in rent which has now gone up to Rs 56,000.