Average gross rental yields in India stands at 4.54% (Q3, 2023).

• Mumbai
• Delhi
• Kolkata
• Pune
• Bangalore
• Hyderabad
• Chennai
• Ahmedabad

		Last Updated: Sept. 21, 2023
MUMBAI - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Andheri to Dahisar
Studio	$60,752	$180	3.56%
1-Bedroom	$106,961	$301	3.38%
2-Bedroom	$203,106	$541	3.20%
3-Bedroom	$331,700	$901	3.26%
4+Bedroom	$648,979	$1,803	3.33%
Thane
Studio	$34,853	$114	3.93%
1-Bedroom	$74,512	$180	2.90%
2-Bedroom	$143,016	$324	2.72%
3-Bedroom	$240,363	$517	2.58%
4+Bedroom	$510,771	$901	2.12%
Navi Mumbai
Studio	$30,009	$102	4.08%
1-Bedroom	$57,086	$183	3.85%
2-Bedroom	$114,172	$312	3.28%
3-Bedroom	$222,335	$481	2.60%
4+Bedroom	$336,508	$721	2.57%
Central Mumbai
Studio	$72,097	$180	3.00%
1-Bedroom	$112,958	$361	3.84%
2-Bedroom	$204,308	$612	3.59%
3-Bedroom	$330,499	$961	3.49%
4+Bedroom	$611,723	$2,403	4.71%
Mumbai Harbour
Studio	$127,993	$421	3.95%
1-Bedroom	$230,748	$661	3.44%
2-Bedroom	$384,580	$1,082	3.38%
3-Bedroom	$773,968	$1,983	3.07%
4+Bedroom
South Mumbai	$96,147	$337	4.21%
Studio	$180,276	$541	3.60%
1-Bedroom	$426,653	$1,202	3.38%
2-Bedroom	$745,141	$2,704	4.35%
3-Bedroom	$1,239,097	$4,387	4.25%
4+Bedroom	$1,397,797	$4,659	4.00%
Mumbai avg. Rental Yields			3.43%
DELHI - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Delhi South
1-Bedroom	$22,901	$150	7.86%
2-Bedroom	$47,172	$276	7.02%
3-Bedroom	$138,212	$421	3.66%
4+Bedroom	$1,051,610	$1,442	1.65%
West Delhi
1-Bedroom	$21,152	$162	9.19%
2-Bedroom	$33,652	$240	8.56%
3-Bedroom	$55,285	$421	9.14%
North Delhi
2-Bedroom	$37,257	$264	8.50%
3-Bedroom	$69,106	$457	7.94%
Delhi Central
2-Bedroom	$71,509	$264	4.43%
3-Bedroom	$313,681	$541	2.07%
Delhi East
2-Bedroom	$102,156	$252	2.96%
3-Bedroom	$192,294	$361	2.25%
Delhi avg. Rental Yields			5.79%
KOLKATA - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Kolkata South
1-Bedroom	$19,229	$96	5.99%
2-Bedroom	$46,872	$180	4.61%
3-Bedroom	$81,725	$361	5.30%
4+Bedroom	$286,038	$1,472	6.18%
Kolkata East
1-Bedroom	$26,681	$96	4.32%
2-Bedroom	$60,993	$206	4.05%
3-Bedroom	$92,842	$361	4.67%
4+Bedroom	$234,359	$709	3.63%
Kolkata North
1-Bedroom	$20,431	$84	4.93%
2-Bedroom	$42,341	$141	4.00%
3-Bedroom	$73,312	$204	3.34%
4+Bedroom	$163,450	$361	2.65%
Kolkata West
2-Bedroom	$33,051	$120	4.36%
3-Bedroom	$53,482	$216	4.85%
Kolkata Central
2-Bedroom	$38,146	$294	9.25%
3-Bedroom	$85,271	$480	6.75%
Kolkata avg. Rental Yields			4.93%
PUNE - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Kharadi
1-Bedroom	$68,505	$192	3.36%
2-Bedroom	$95,678	$385	4.83%
3-Bedroom	$134,606	$553	4.93%
4+Bedroom	$305,267	$1,201	4.72%
Hadapsur
1-Bedroom	$46,872	$216	5.53%
2-Bedroom	$102,397	$361	4.23%
3-Bedroom	$149,028	$457	3.68%
4+Bedroom	$378,580	$841	2.67%
Hinjewadi
1-Bedroom	$48,074	$206	5.14%
2-Bedroom	$76,581	$264	4.14%
3-Bedroom	$112,600	$337	3.59%
Ravet
1-Bedroom	$42,305	$135	3.83%
2-Bedroom	$65,224	$192	3.53%
3-Bedroom	$90,631	$276	3.65%
Baner
1-Bedroom	$57,508	$204	4.26%
2-Bedroom	$106,976	$300	3.37%
3-Bedroom	$171,863	$481	3.36%
4+Bedroom	$313,680	$1,442	5.52%
Wagholi
1-Bedroom	$36,776	$120	3.92%
2-Bedroom	$55,285	$180	3.91%
3-Bedroom	$102,144	$312	3.67%
Undri
1-Bedroom	$37,737	$108	3.43%
2-Bedroom	$60,080	$180	3.60%
3-Bedroom	$102,156	$300	3.52%
Pune avg. Rental Yields			4.02%
BANGALORE - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Bangalore North
1-Bedroom	$55,609	$216	4.66%
2-Bedroom	$87,734	$325	4.45%
3-Bedroom	$171,863	$553	3.86%
4+Bedroom	$413,433	$1,202	3.49%
Bangalore East
1-Bedroom	$56,138	$195	4.17%
2-Bedroom	$81,785	$397	5.83%
3-Bedroom	$132,202	$721	6.54%
4+Bedroom	$318,488	$1,082	4.08%
Bangalore South
1-Bedroom	$42,266	$156	4.43%
2-Bedroom	$63,295	$337	6.39%
3-Bedroom	$120,184	$625	6.24%
4+Bedroom	$355,745	$1,069	3.61%
Bangalore West
1-Bedroom	$62,496	$180	3.46%
2-Bedroom	$95,246	$312	3.93%
3-Bedroom	$180,276	$481	3.20%
4+Bedroom	$444,681	$1,682	4.54%
Bangalore Central
2-Bedroom	$97,746	$418	5.13%
3-Bedroom	$264,405	$961	4.36%
4+Bedroom	$459,103	$2,284	5.97%
Bangalore avg. Rental Yields			4.65%
HYDERABAD - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
All Locations
Studio	$32,750	$96	3.52%
1-Bedroom	$34,565	$150	5.21%
2-Bedroom	$71,990	$240	4.00%
3-Bedroom	$121,386	$505	4.99%
4+Bedroom	$377,378	$1,022	3.25%
Hyderabad avg. Rental Yields			4.19%
CHENNAI - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Chennai (all locations)
Studio	$29,746	$108	4.36%
1-Bedroom	$48,074	$156	3.89%
2-Bedroom	$66,894	$240	4.31%
3-Bedroom	$109,223	$481	5.28%
4+Bedroom	$330,506	$1,022	3.71%
Chennai avg. Rental Yields			4.31%
AHMEDABAD - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Ahmedabad (all locations)
Studio	$16,826	$105	7.49%
1-Bedroom	$30,046	$144	5.75%
2-Bedroom	$57,087	$217	4.56%
3-Bedroom	$96,748	$337	4.18%
4+Bedroom	$288,442	$781	3.25%
Ahmedabad avg. Rental Yields			5.05%
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower. Source: Global Property Guide and Makaan

Research Methodology: To conduct this research, we searched for studio, 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartments in the different cities of India. We used Makaan (largest property portal in India) for both buying and renting prices to determine the average gross rental yields (Monthly Rent x 12 / Purchase Price).

For instance, if the monthly rent is $500 and the purchase price is $100,000, the calculation would be: $500 (Monthly Rent) x 12 / $100,000 (Purchase Price) = 6% (Gross Rental Yield).