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Q.

What is the Yearly Rent Increase Percentage in Hyderabad?

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Hello. I can tell you what is the yearly rent increase percentage in Hyderabad. So, in general, the rent increase per year used to be below 10 percent, but the last two years have seen a great jump in the property rent in Hyderabad. In 2024, the rent increased by 20 percent from 2023. Even this year, the rent increase is a high 10 to 15 percent in the tech corridors of the city.


Yearly Rent Increase in Hyderabad


The city has seen a rapid increase in population with people coming in for jobs. This has led to an increase in rents near office areas, such as Gachibowli, Hitec City and other good localities. People have been forced to rent places 20 to 30 km away from the city. With an increase in demand for 1, 2 and 3 BHKs, landlords have significantly increased the rent.


Last year, rents jumped significantly. 3 BHKs in gated communities saw rates touch Rs. 50,000 to 60,000, up from Rs. 35,000 until 2021. That’s a 15,000 to 25,000 jump, that’s a 30 to 50 percent increase in rent in just 3 years.


Right now, the situation is only going to get difficult for tenants as the demand for housing amongst the working class will increase. 


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