Skyscraping rents: How living in metros in India has become costlier than before2 min read . Updated: 06 Nov 2022, 12:07 PM IST
The capital value of luxury residential colonies in seven major cities increased by 2–9% while average monthly rent increased by 8–18% over the previous two years.
In the past three and a half years, the Mumbai Metropolitan Region's (MMR) average rent has increased by up to 29%, according to a survey by CREDAI-MCHI and data analytics company CRE Matrix. The survey states that when compared to December 2018, the average monthly rentals in more than 80 micro-markets of the MMR increased between 4% and 29% in August 2022.
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