October 7, 2022

Now the house rent has also become expensive, the rent has increased so much in the big cities of the country

House rent around Golf Course Road in Delhi-NCR increased by 11% from Rs 70,000 in 2020 to Rs 78,000 in 2022. The capital price increased by 3 percent from Rs 13,150 to Rs 13,500.

Increase in house rent

People are facing problems with rent due to high inflation. Whether it is a small city or a big one, rents are increasing everywhere. This information has emerged in a report. According to the report, the average monthly rent of a posh colony in 7 major cities of the country has increased by 8 to 18 percent. This increase has been seen in the last 2 years. This report was given by Anarch. The report also states that rents have increased by 18% in two years, while home equity has increased by only 2 to 9%. housing The demand for buying or renting luxury residential properties has increased sharply in 7 major cities of the country, according to the consulting company Anarock. These cities are Delhi-NCR, Mumbai Metropolitan Region, Chennai, Kolkata, Bangalore, Hyderabad and Pune.

According to the report, Warli in Mumbai saw the highest rent increase of 18%. Here in 2020 the rent for 2000 sqft apartment was Rs 2 lakh which increased to Rs 2.35 lakh in 2022. Bengaluru’s Rajaji Nagar saw the highest increase in house prices. This increase is up to 9 percent. In 2020 the price here was Rs 5698 per sqft which increased to Rs 6200 in 2022. Anarock chairman Anuj Puri said the luxury housing market has seen double-digit rent growth in the past two years.

Rents were low before covid

Pre-Covid house rents increased by 5-7 per cent in the two years but have now increased in double digits. Anarak says that post-Covid, people are opting for a bigger house. During covid, people felt the need for large and open ventilated houses. Due to this, the demand for large houses has increased among people. So there is an increase in price to rent.

Bangalore situation

According to the data, the average monthly rent in JP Nagar Bangalore increased by 13% to Rs 52,000 for a 2000 sq ft apartment. Earlier this rent was 46000 rupees. The average monthly rent in Rajaji Nagar increased from Rs 56,000 to Rs 65,000 while the capital value increased by 5 percent to Rs 13,900 per sq ft.

Houses for Rent in Chennai

The average monthly rent for a 2000 sq ft luxury flat in Anna Nagar, Chennai has increased by Rs 56,000 to Rs 63,000. Its capital value increased by 5% from Rs.11300 to Rs.11850. Similarly, in Kottapuram, the monthly rent has increased by 14% and has reached Rs 74000 to Rs 84000. 4 percent increase in capital value i.e. Rs.14000 is registered.

Rent in Hyderabad, Kolkata, Mumbai

The rent of a 2000 sq ft flat in Jubilee Hills area of ​​Hyderabad increased by 15% to Rs 62000. Capital value increased by 6% from Rs.6950 to Rs.7400. In Kolkata’s Alipore, fares should increase by 8%, from Rs 60,000 to Rs 65,000. Capital cost increased by 4 per cent to Rs 13,500 per sq ft. The rent for a 2,000 sq ft house in Taradeo, Mumbai metropolitan area increased by 15% from Rs 2.7 lakh to Rs 3.1 lakh. Capital appreciation increased by 3 percent from Rs 41,862 to Rs 43,000.

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House rent around Golf Course Road in Delhi-NCR increased by 11% from Rs 70,000 in 2020 to Rs 78,000 in 2022. The capital price increased by 3 percent from Rs 13,150 to Rs 13,500. Golf Course Extension Road has witnessed a 12 percent increase in rent to Rs 56,000 now.

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