Wed Sep 18 13:56:57 UTC 2024: ## Hyderabad Renters Face Rising Costs as Rental Values Surge
**Hyderabad, India** – The debate over buying versus renting in Hyderabad is heating up as rental values skyrocket, particularly in key micro-markets. Anarock Research reports significant increases in rental values between the end of 2021 and the first half of 2024.
Areas like Gachibowli and Hitec City have seen the most substantial hikes, with rental values increasing by 50% and 46% respectively, surpassing capital value appreciation. Gachibowli, for example, witnessed average monthly rent jump from ₹22,000 in 2021 to ₹33,000 by mid-2024, while capital values rose from ₹5,010 to ₹8,500 per square foot.
Dr. Prashant Thakur, Regional Director & Head, Research – Anarock Group, highlights that while rental values in cities like Bengaluru, Pune, Kolkata, and Chennai outpaced capital value increases, the opposite trend is observed in NCR, MMR, and Hyderabad. This data, while not the sole factor, provides valuable insight for those weighing the advantages of buying versus renting.
The significant increases in rental values are putting pressure on renters in Hyderabad’s popular micro-markets, potentially leading to a shift in the city’s housing market dynamics.
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