Gross rental yields in India: Mumbai and 7 other cities
Average gross rental yield in India stands at 4.98% (Q3, 2024). Previously, in Q1 2024 the rental yield was 4.39%.
Cities and areas compared
- Mumbai
- Delhi
- Kolkata
- Pune
- Bangalore
- Hyderabad
- Chennai
- Ahmedabad
Historical rental yields in India
View the full rental yield dataset (2022 - Present)
| Last Updated: Sep. 04, 2024 Next Update: March 2025 |
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| MUMBAI - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Andheri to Dahisar | |||
| Studio | $65,677 | $179 | 3.27% |
| 1-Bedroom | $117,933 | $299 | 3.04% |
| 2-Bedroom | $210,167 | $657 | 3.75% |
| 3-Bedroom | $352,269 | $1,075 | 3.66% |
| 4+Bedroom | $621,210 | $1,852 | 3.58% |
| Thane | |||
| Studio | $40,546 | $143 | 4.23% |
| 1-Bedroom | $77,651 | $233 | 3.60% |
| 2-Bedroom | $149,329 | $394 | 3.17% |
| 3-Bedroom | $238,927 | $645 | 3.24% |
| Navi Mumbai | |||
| Studio | $32,255 | $119 | 4.43% |
| 1-Bedroom | $59,731 | $217 | 4.36% |
| 2-Bedroom | $125,434 | $418 | 4.00% |
| 3-Bedroom | $262,815 | $657 | 3.00% |
| 4+Bedroom | $409,742 | $1,015 | 2.97% |
| Central Mumbai | |||
| Studio | $63,313 | $144 | 2.73% |
| 1-Bedroom | $114,683 | $418 | 4.37% |
| 2-Bedroom | $204,279 | $669 | 3.93% |
| 3-Bedroom | $341,660 | $1,016 | 3.57% |
| 4+Bedroom | $646,287 | $2,389 | 4.44% |
| Mumbai Harbour | |||
| 1-Bedroom | $131,408 | $478 | 4.37% |
| 2-Bedroom | $248,480 | $780 | 3.77% |
| 3-Bedroom | $418,116 | $1,135 | 3.26% |
| South Mumbai | |||
| 1-Bedroom | $185,176 | $526 | 3.41% |
| 2-Bedroom | $439,644 | $1,314 | 3.59% |
| 3-Bedroom | $800,438 | $2,688 | 4.03% |
| 4+Bedroom | $1,523,222 | $4,779 | 3.76% |
| Mumbai avg. Rental Yields | 3.67% | ||
| DELHI - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Delhi South | |||
| 1-Bedroom | $26,285 | $191 | 8.72% |
| 2-Bedroom | $54,362 | $299 | 6.60% |
| 3-Bedroom | $107,158 | $548 | 6.14% |
| 4+Bedroom | $865,597 | $3,572 | 4.95% |
| West Delhi | |||
| 1-Bedroom | $21,502 | $149 | 8.32% |
| 2-Bedroom | $34,643 | $239 | 8.28% |
| 3-Bedroom | $59,729 | $358 | 7.19% |
| Delhi avg. Rental Yields | 7.17% | ||
| KOLKATA - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Kolkata South | |||
| 1-Bedroom | $23,784 | $143 | 7.21% |
| 2-Bedroom | $48,978 | $191 | 4.68% |
| 3-Bedroom | $93,536 | $382 | 4.90% |
| 4+Bedroom | $268,781 | $1,099 | 4.91% |
| Kolkata East | |||
| 1-Bedroom | $28,761 | $108 | 4.51% |
| 2-Bedroom | $65,162 | $239 | 4.40% |
| 3-Bedroom | $108,703 | $418 | 4.61% |
| 4+Bedroom | $269,965 | $776 | 3.45% |
| Kolkata North | |||
| 1-Bedroom | $21,502 | $84 | 4.69% |
| 2-Bedroom | $43,003 | $143 | 3.99% |
| 3-Bedroom | $77,860 | $239 | 3.68% |
| Kolkata Central | |||
| 2-Bedroom | $51,519 | $263 | 6.13% |
| 3-Bedroom | $142,146 | $478 | 4.04% |
| Kolkata avg. Rental Yields | 4.71% | ||
| PUNE - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Kharadi | |||
| 1-Bedroom | $70,190 | $263 | 4.50% |
| 2-Bedroom | $105,002 | $418 | 4.78% |
| 3-Bedroom | $151,652 | $597 | 4.72% |
| Hinjewadi | |||
| 1-Bedroom | $51,683 | $275 | 6.39% |
| 2-Bedroom | $81,274 | $299 | 4.41% |
| 3-Bedroom | $116,635 | $418 | 4.30% |
| Baner | |||
| 2-Bedroom | $111,081 | $382 | 4.13% |
| 3-Bedroom | $183,941 | $597 | 3.89% |
| Wagholi | |||
| 1-Bedroom | $38,269 | $143 | 4.48% |
| 2-Bedroom | $62,110 | $155 | 2.99% |
| 3-Bedroom | $119,442 | $311 | 3.12% |
| Hadapsur | |||
| 1-Bedroom | $47,774 | $275 | 6.91% |
| 2-Bedroom | $96,605 | $382 | 4.75% |
| 3-Bedroom | $151,691 | $478 | 3.78% |
| Undri | |||
| 2-Bedroom | $89,582 | $203 | 2.72% |
| 3-Bedroom | $134,970 | $287 | 2.55% |
| Pune avg. Rental Yields | 4.28% | ||
| BANGALORE - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Bangalore North | |||
| 1-Bedroom | $56,929 | $227 | 4.78% |
| 2-Bedroom | $93,791 | $334 | 4.27% |
| 3-Bedroom | $151,700 | $537 | 4.25% |
| 4+Bedroom | $435,987 | $1,553 | 4.27% |
| Bangalore East | |||
| 1-Bedroom | $55,791 | $287 | 6.17% |
| 2-Bedroom | $94,359 | $478 | 6.08% |
| 3-Bedroom | $174,385 | $717 | 4.93% |
| Bangalore South | |||
| 1-Bedroom | $29,766 | $261 | 10.52% |
| 2-Bedroom | $66,278 | $418 | 7.57% |
| 3-Bedroom | $130,192 | $776 | 7.15% |
| Bangalore West | |||
| 1-Bedroom | $61,453 | $179 | 3.50% |
| 2-Bedroom | $96,629 | $382 | 4.74% |
| 3-Bedroom | $229,329 | $597 | 3.12% |
| Bangalore Central | |||
| 2-Bedroom | $130,192 | $418 | 3.85% |
| 3-Bedroom | $214,995 | $776 | 4.33% |
| 4+Bedroom | $352,353 | $1,792 | 6.10% |
| Bangalore avg. Rental Yields | 5.35% | ||
| HYDERABAD - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| All Locations | |||
| 1-Bedroom | $32,894 | $203 | 7.41% |
| 2-Bedroom | $75,248 | $317 | 5.06% |
| 3-Bedroom | $134,969 | $537 | 4.77% |
| 4+Bedroom | $437,157 | $1,314 | 3.61% |
| Hyderabad avg. Rental Yields | 5.21% | ||
| CHENNAI - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Chennai (all locations) | |||
| 1-Bedroom | $45,000 | $155 | 4.13% |
| 2-Bedroom | $74,655 | $299 | 4.81% |
| 3-Bedroom | $124,227 | $538 | 5.20% |
| 4+Bedroom | $328,484 | $1,194 | 4.36% |
| Chennai avg. Rental Yields | 4.62% | ||
| AHMEDABAD - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Ahmedabad (all locations) | |||
| 1-Bedroom | $31,651 | $172 | 6.52% |
| 2-Bedroom | $61,152 | $251 | 4.93% |
| 3-Bedroom | $101,522 | $358 | 4.23% |
| 4+Bedroom | $298,595 | $896 | 3.60% |
| Ahmedabad avg. Rental Yields | 4.82% | ||
| 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 |
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Research Methodology:
Our rental yield analysis is conducted biannually to ensure up-to-date insights. We assess 1-bedroom, 2-bedroom, 3-bedroom across the largest cities in India, comparing median rental prices with median purchase prices to determine gross rental yields.
We source data from a leading local property platform, capturing both asking rents and list prices to reflect current market conditions. The gross rental yield is calculated using the following formula:
(Median Monthly Rent × 12) ÷ Median Purchase Price × 100
For example, if the median monthly rent is $500 and the median purchase price is $100,000, the yield is calculated as:
($500 × 12) ÷ $100,000 = 6% Gross Rental Yield
Note: NET yields vary from country to country, but are usually 1.5-2% lower.
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