Pune, Kolkata, Chennai Rent Prices Rise Faster Than Property Rates

The Indian housing market is undergoing major changes, with capital values increasing by up to 128% in the top 7 cities between 2021 and 2024. Capital values have increased more than rental rates in Bengaluru, MMR, NCR, and Hyderabad, while rental rates have increased more than capital values in Pune, Kolkata, and Chennai.

Avg. Monthly Rentals Growth
Cities	Micro Markets	2021-end	2024-end	% Change
Bengaluru	Sarjapur Rd	21,000	36,900	76%
Bengaluru	Thanisandra Main Rd	20,500	33,200	62%
Hyderabad	HITECH City	23,000	35,400	54%
Hyderabad	Gachibowli	22,000	35,700	62%
Pune	Hinjewadi	17,800	28,000	57%
Pune	Wagholi	14,200	23,500	65%
NCR	Sohna Road	25,000	36,700	47%
NCR	Sector-150 (Noida)	16,000	26,600	66%
MMR	Chembur	46,000	65,500	42%
MMR	Mulund	39,500	51,000	29%
Kolkata	EM Bypass	19,000	28,600	51%
Kolkata	Rajarhat	15,000	20,550	37%
Chennai	Perambur	16,200	22,100	36%
Chennai	Pallavaram	14,900	21,500	44%

Source: ANAROCK Research

Avg. Capital Values (INR/Sq. Ft.)
Cities	Micro Markets	2021-end	2024-end	% Change
Bengaluru	Sarjapur Rd	6,050	9,850	63%
Bengaluru	Thanisandra Main Rd	5,345	8,900	67%
Hyderabad	HITECH City	5,753	9,300	62%
Hyderabad	Gachibowli	5,010	8,900	78%
Pune	Hinjewadi	5,710	7,800	37%
Pune	Wagholi	4,951	6,800	37%
NCR	Sohna Road	6,600	10,500	59%
NCR	Sector-150 (Noida)	5,700	13,000	128%
MMR	Chembur	18,735	27,800	48%
MMR	Mulund	16,917	24,200	43%
Kolkata	EM Bypass	7,000	8,350	19%
Kolkata	Rajarhat	4,475	5,900	32%
Chennai	Perambur	6,350	7,800	23%
Chennai	Pallavaram	5,950	7,200	21%

Source: ANAROCK Research

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