Avg monthly rentals for luxury residential prop up 17-26% across 7 cities: Anarock
Housing rentals in key luxury markets saw better year-on-year growth between 2014-2020 than average capital prices in the same localities, it added.
For Rent Real Estate Sign in Front of House
Average monthly rentals for luxury residential properties rose 17-26 per cent in the last six years across seven major cities while capital value has appreciated maximum by 15 per cent, according to property consultant Anarock.
Housing rentals in key luxury markets saw better year-on-year growth between 2014-2020 than average capital prices in the same localities, it added.
"The average rentals for a house of minimum 2,000 sq ft size in the top seven cities' key luxury hotspots rose anywhere between 17 per cent to 26 per cent in 2020, as compared to 2014. In the same period, average capital prices in these micro-markets saw a maximum rise of 15 per cent and some even saw a marginal dip," said Anuj Puri, Chairman - ANAROCK Property Consultants.