Team Blitz India
NEW DELHI: Bengaluru topped the list of cities with the highest rental yield of 4.45% in Q1 2024 followed by Mumbai at 4.15% and Gurugram at 4.1%. This was primarily on account of corporates asking their employees to return to work, data shared by Anarock showed.
Mumbai’s rental yield was at 4.15% in Q1 2024 as against 3.5% back in 2019 – a 19% growth. Gurugram was close behind with a rental yield of 4.1% in the last quarter against 3.5% in 2019, data showed.Rental yield is the annual return on investment (ROI) investors earn from capital invested in a property.
Bengaluru’s rental yield in pre-Covid 2019 stood at 3.6%, which amounts to a growth of 24% in this period, Anarock data showed. The average rental values in Sarjapur Road and Whitefield rose by 8% each in Q1 2024 against the previous quarter.
