New Delhi, Mar 17 According to real estate consultant Anarock, Sector 150 in Noida has seen a 128 per cent jump in home prices in the last three years, while rental values have increased by 66 per cent.
Gurugram’s Sohna Road saw a 59 per cent increase in capital values, while rental values rose 47 per cent.
“An analysis of key micro-markets across top 7 cities shows that in key cities like Bengaluru, MMR, NCR and Hyderabad, average capital values have increased more than rental values between end of 2021 and end of 2024,” said Anuj Puri, chairman, Anarock.
On the other hand, areas in Pune, Kolkata and Chennai saw the opposite trend – rental values increased more than capital values, he added.
The average capital value in Sohna Road increased by 59 per cent to Rs 10,500 per sq ft at the end of 2024 from Rs 6,600 per sq ft at the end of 2021 calendar year. Rental value increased by 47 per cent to Rs 36,700 from Rs 25,000 per month.
In Noida’s Sector-150, the average capital value more than doubled from Rs 5,700 per sq ft to Rs 13,000. Rental increased by 66 per cent to Rs 26,600 per month from Rs 16,000.
Sudeep Bhatt, director, strategy, Gurugram-based realty firm Whiteland Corporation, said, “The significant disparity between appreciation in capital values and rental values in real estate markets like Gurugram can be attributed to various factors. The main reason behind this trend is investor confidence and the higher ROI seen in luxury and high-end developments, which drive capital appreciation more than rental yield.”