Hyderabad Has Maximum Rental Yield In The Country
New Delhi: Hyderabad continued to be an attractive and promising real estate market and it has emerged as the highest rent yielding city in the country in 2019 with as much as 3.7 percent rental yield.
This was followed by Bengaluru which had a rental yield of 3.6 percent. Gurugram and Mumbai stood jointly at third position with 3.5 percent rental yield in 2019, according to a report by ANAROCK property consultants.
Interestingly, Noida had a yield of 3.2 percent whereas its sibling Greater Noida had a much inferior yield at just 2 percent.
In 2014, Hyderabad had a rental yield of 3.2 percent where as Bengaluru had a yield of 3.15 percent. Gurugram had a yield of 3.4 percent in 2014 and Mumbai had a yield of 3.3 percent in 2014.
The national average of the yields stood at 3 percent, higher than some of the Asian peers like Singapore and Hong Kong.
The luxury and super-luxury properties have the lowest rental yields. Around 53 percent investors prefer steady rental incomes and about 39 percent chose capital profits on sale of properties.
“The demand for rental properties is mainly driven by the salaried population. A large percentage of tenants in cities like Bengaluru, Hyderabad, Pune and Mumbai are from the salaried segment and belong to industries such as IT/ITeS, BFSI, Pharma and services,” said Prashant Thakur, Director and Head, Research, Anarock property consultants.