Rent or Buy a House in India in 2026? What the Numbers Actually Say

Updated 23 July 2026: the rental-yield and city figures below have been refreshed against Global Property Guide (Q2 2026) and Cushman & Wakefield (Q3 2026) data, with sources added. For the full city-by-city breakdown, see our 2026 rental-yield data page.

The Indian property market's entering a transformative phase in 2026 with rising interest rates and a reshaping of how people think about homeownership. Today's homebuyers and tenants face a complex decision that goes beyond simple monthly calculations - as property prices in major cities continue their upward trajectory whilst rental yields remain relatively stable.

Several factors are making this choice more nuanced than ever before. The post-pandemic shift in work patterns has changed housing preferences whilst government policies and tax benefits continue to evolve. Young professionals in metros like Mumbai and Bangalore are weighing hefty EMIs against the flexibility that renting offers in an increasingly dynamic job market.

Understanding the financial implications and lifestyle considerations of renting versus buying has become crucial for making an informed decision. This comprehensive analysis examines the key factors shaping India's property markets in 2026 and provides practical insights to help navigate this pivotal choice.

The Indian property market in 2026

India's property market in 2026 presents distinct challenges for potential buyers and renters navigating economic shifts. Metropolitan areas experience unprecedented price movements whilst interest rates reshape affordability calculations across tier-1 and tier-2 cities.

Rising Property Prices and Interest Rates

Property prices across Indian metros increased 8-12% annually between 2023-2025, with Mumbai reaching ₹15,000-25,000 per square foot in prime localities. Bangalore's tech corridors (Whitefield, Electronic City, Sarjapur Road) witnessed 15% appreciation, pushing average 2BHK apartments to ₹85-120 lakhs. Delhi-NCR markets show varied growth patterns: Gurugram properties appreciated 10% whilst Noida maintained 6-7% steady increases.

The Reserve Bank of India cut the repo rate through 2025, from 6.5% down to 5.25% by December 2025, and has held it there through mid-2026. This translates to home loan interest rates of roughly 7.25-9.5% for most borrowers, with well-rated salaried applicants securing offers from major lenders starting around 7.25-7.75% and rates rising for larger loans or weaker credit profiles. First-time buyers face EMIs consuming 40-45% of monthly income for properties worth ₹60-80 lakhs with 20% down payment.

Interest rate impacts vary across buyer segments:

  • Salaried professionals qualify for 7.5-8.5% rates
  • Self-employed individuals face 8.5-9.5% rates
  • Women borrowers receive 0.05% concessions
  • Green home purchases attract 0.1% reductions

Average rental yield trends for residential property in India in 2026

Gross rental yields sit between roughly 2% and 4% across the major Indian cities in 2026, low by global standards and below a fixed deposit. Mumbai sits at the bottom because its prices are the highest in the country, while cheaper markets such as Delhi and Kolkata read higher on median stock. Mumbai's rental market commands ₹40,000-80,000 monthly for 2BHK apartments in areas like Andheri, Powai, and Lower Parel. Bangalore rentals range ₹25,000-45,000 for similar configurations in Koramangala, Indiranagar, and HSR Layout.

City Average 2BHK Rent (₹) Annual Increase (%) Gross Rental Yield (%)
Mumbai 55,000-65,000 7-8 2.0-3.8
Bangalore 35,000-40,000 8-10 3.0-4.1
Delhi-NCR 30,000-35,000 5-6 3.0-5.8
Pune 25,000-30,000 6-7 3.0-3.4
Chennai 20,000-25,000 4-5 2.8-3.2

Yield figures: Global Property Guide (gross, median stock, Q2 2026, national average 5.16%) and Cushman & Wakefield Q3 2026 luxury-segment data via Sobha. The wide Delhi-NCR and Mumbai ranges reflect the gap between median and luxury stock; net yields run 0.5 to 1.0 percentage points lower.

Tenant preferences shift towards furnished accommodations and flexible lease terms. Co-living spaces gain traction amongst professionals aged 22-30, offering ₹15,000-25,000 monthly packages including utilities and amenities. Security deposits standardise at 2-3 months' rent in most cities, though Mumbai landlords still demand 5-10 months in premium localities.

Corporate relocations drive 30% of rental demand in tech hubs, creating quarterly fluctuations in availability and pricing. Suburban areas witness 12-15% rental growth as remote work enables professionals to choose spacious homes over proximity to offices.

The financial factors in the rent vs buy decision

Financial calculations form the foundation of India's rent versus buy decision in 2026. Prospective buyers and tenants must evaluate multiple monetary components beyond surface-level comparisons to determine the most advantageous path for their circumstances.

Down Payment Requirements and EMI Calculations

Down payment obligations for property purchases in India typically range from 10-25% of the total property value, set by RBI loan-to-value caps: lenders may fund up to 90% of a property costing up to ₹30 lakhs, 80% between ₹30 lakhs and ₹75 lakhs, and 75% above ₹75 lakhs. A ₹1 crore property in a metropolitan area therefore needs at least ₹25 lakhs of your own money, before stamp duty and registration. Major lenders including HDFC and SBI apply these same caps, with the 90% band reserved for the smallest loans.

EMI calculations depend on three primary factors: loan amount, interest rate and tenure. A ₹80 lakh home loan at 8.5% interest over 20 years results in monthly EMIs of approximately ₹69,500. The same loan amount at 9.5% interest increases EMIs to ₹74,600 monthly. Whether you carry that risk or pay to avoid it depends on the rate type you pick, which we compare in floating versus fixed home-loan rates in India.

Loan Amount Interest Rate Tenure Monthly EMI
₹60 lakhs 8.5% 20 years ₹52,125
₹80 lakhs 8.5% 20 years ₹69,500
₹80 lakhs 9.5% 20 years ₹74,600
₹1 crore 8.5% 25 years ₹80,500

Borrowers must maintain EMI-to-income ratios below 40-50% for loan approval. Additional charges include processing fees (0.5-1% of loan amount), legal fees (₹15,000-30,000) and property valuation charges (₹3,000-5,000).

Tax Benefits and Hidden Costs of Homeownership

Under the old tax regime, Section 24(b) of the Income Tax Act allows deductions up to ₹2 lakhs annually on home loan interest payments for self-occupied properties, and principal repayments qualify for deductions up to ₹1.5 lakhs under Section 80C. Neither is available under the new regime, which has been the default since FY 2023-24, so these benefits only count if you choose the old regime. Section 80EE once offered first-time buyers an extra ₹50,000 deduction, but only on loans sanctioned between 1 April 2016 and 31 March 2017 (loan up to ₹35 lakhs, property value up to ₹50 lakhs); it isn't available on loans taken today. A similar provision, Section 80EEA, offered up to ₹1.5 lakhs extra on affordable-housing loans sanctioned between 1 April 2019 and 31 March 2022, and has also lapsed.

Hidden costs significantly impact homeownership expenses beyond EMIs:

  • Property tax ranges from ₹5,000-50,000 annually based on location and property size
  • Maintenance charges for apartment complexes average ₹3-8 per square foot monthly
  • Home insurance premiums cost ₹8,000-15,000 yearly for properties worth ₹1 crore
  • Registration and stamp duty charges constitute 5-7% of property value in most states
  • Society formation fees add ₹50,000-2 lakhs in new developments
  • Annual repair and renovation expenses typically equal 1% of property value

Utility connections for electricity, water and gas require initial deposits of ₹10,000-25,000. Interior furnishing costs range from ₹5-15 lakhs for 2BHK apartments depending on quality preferences.

Opportunity Cost of Your Investment

Capital deployed as down payment carries significant opportunity costs in 2026's investment scenario. A ₹20 lakh down payment invested in equity mutual funds historically generates 12-15% annual returns compared to property appreciation of 8-12% in metropolitan areas.

Alternative investment comparisons reveal distinct trade-offs:

Investment Type Expected Annual Return Liquidity Risk Level
Property 8-12% Low Medium
Equity Mutual Funds 12-15% High High
Fixed Deposits 6.5-7.5% Medium Low
Corporate Bonds 8-10% Medium Medium
Gold ETFs 7-9% High Medium

Rental investments offer gross yields of about 2-4% versus fixed deposit returns of 6.5-7.5%. That gap represents foregone income on capital locked in property, before any property appreciation is counted. A ₹1 crore property generating ₹30,000 monthly rent yields 3.6% annually whilst the same capital in diversified debt funds produces ₹65,000-75,000 monthly income.

Liquidity constraints affect financial flexibility as property transactions require 2-6 months for completion. Emergency fund requirements increase by 30-40% for homeowners compared to renters due to maintenance obligations and EMI commitments.

Lifestyle and personal circumstances

Personal circumstances play a crucial role in determining whether renting or buying property makes sense in 2026's dynamic Indian market. Individual career trajectories, family situations and time availability directly impact housing decisions across metropolitan cities.

Job Stability and Career Flexibility

Employment status significantly influences property acquisition decisions in India's evolving job market. Professionals with 5+ years of stable employment in established companies demonstrate higher homeownership rates at 68% compared to 32% among gig economy workers and freelancers.

Career mobility requirements shape housing preferences across different sectors:

  • IT professionals change jobs every 2-3 years, with 45% preferring rental accommodations
  • Government employees exhibit 85% homeownership rates due to job security
  • Startup employees maintain 70% rental preference given equity compensation structures
  • Healthcare workers split 50-50 between renting and buying based on posting locations

Remote work adoption affects location independence for 35% of white-collar workers. Hybrid work models enable professionals to consider properties 20-30 kilometres outside city centres where prices drop by 25-40%. Job transfers remain common in banking and consulting sectors, making rental options attractive for 60% of employees in these fields.

Family Planning and Long-term Goals

Family size projections determine property requirements and financial commitments. Couples planning children within 2-3 years typically seek 2-3 BHK properties, increasing space requirements by 40-60% compared to single professionals.

Educational considerations drive location-specific property decisions:

Family Stage Property Preference Average Size Location Priority
Newly married 1-2 BHK rental 600-900 sq ft Work proximity
With toddlers 2-3 BHK owned 1000-1500 sq ft Park access
School-age children 3 BHK owned 1200-1800 sq ft School proximity
Empty nesters 2 BHK downsized 800-1200 sq ft Healthcare access

Long-term settlement plans influence buying decisions for 78% of families. Parents considering international education for children maintain higher liquidity through renting. Nuclear families show 65% homeownership preference compared to 45% among joint families who inherit ancestral properties.

Maintenance Responsibilities and Time Commitment

Property ownership demands 15-20 hours monthly for maintenance coordination and supervision. Homeowners spend ₹3,000-8,000 monthly on regular upkeep including cleaning, pest control and minor repairs.

Rental accommodations transfer maintenance obligations to landlords:

  • Structural repairs remain landlord's responsibility saving tenants ₹50,000-200,000 annually
  • Appliance replacements cost homeowners ₹30,000-80,000 every 5-7 years
  • Society management requires 5-10 hours monthly participation for owners
  • Emergency repairs demand immediate attention affecting work schedules

Age impacts maintenance capacity with professionals above 50 years preferring managed properties or rental accommodations. Young professionals working 60+ hour weeks choose rentals in 72% of cases to avoid maintenance hassles. Property management services cost ₹5,000-15,000 monthly, adding 10-15% to ownership expenses.

Rent vs buy across key Indian cities

Property markets across India's metropolitan areas display distinct characteristics that directly impact the rent versus buy decision in 2026. Each city's economic drivers, infrastructure development and demographic patterns create unique market dynamics that prospective buyers and tenants must evaluate carefully.

Mumbai and Delhi NCR Markets

Mumbai's property market commands premium pricing with average residential rates reaching ₹18,000-28,000 per square foot in prime localities like Bandra, Worli and Lower Parel. The city's gross rental yields run around 2.0-3.8% annually, the lowest of the metros, whilst monthly rentals for 2BHK apartments range from ₹45,000-90,000 depending on location proximity to business districts. Delhi NCR presents a more diverse market with Gurugram's Golf Course Road averaging ₹12,000-18,000 per square foot and Noida's Sector 150 offering options at ₹6,500-9,000 per square foot.

Property appreciation rates in Mumbai maintain 7-9% growth annually whilst Delhi NCR experiences 6-8% appreciation across different micro-markets. First-time buyers in Mumbai require minimum down payments of ₹25-40 lakhs for 1BHK apartments in suburban areas like Andheri and Goregaon. Delhi NCR offers comparatively affordable entry points with 2BHK apartments in Greater Noida starting at ₹45-65 lakhs.

City/Region Average Price (₹/sq ft) 2BHK Rental Range (₹/month) Annual Appreciation
South Mumbai 25,000-35,000 75,000-1,20,000 8-10%
Western Suburbs Mumbai 15,000-22,000 40,000-70,000 7-9%
Gurugram 10,000-18,000 35,000-60,000 6-8%
Noida 6,000-10,000 20,000-35,000 5-7%

Bangalore and Hyderabad Tech Hubs

Bangalore's IT corridors including Whitefield, Electronic City and Sarjapur Road witness consistent demand from tech professionals earning ₹15-30 lakhs annually. Property prices in these areas range from ₹6,500-12,000 per square foot with 2BHK apartments priced between ₹75 lakhs-1.2 crores. Rental markets remain robust with monthly rates of ₹28,000-50,000 for similar configurations offering gross rental yields of 3.0-4.1%, with individual prime pockets higher. Bangalore's yields area by area show the spread: about 3% in Indiranagar against 7.3% in HSR Sector 3.

Hyderabad's HITEC City and Gachibowli areas present competitive alternatives with property prices at ₹5,500-8,500 per square foot. The city's 2BHK apartments cost ₹55-85 lakhs whilst commanding monthly rentals of ₹20,000-35,000. Infrastructure developments like the Outer Ring Road and Metro expansion drive 10-12% annual appreciation in select pockets of both cities.

Tech professionals evaluating rent versus buy decisions consider factors like job mobility and stock vesting schedules. Bangalore's average tenure for IT employees spans 2.5-3.5 years per company making rental flexibility attractive. Hyderabad's growing startup ecosystem attracts younger professionals who prefer co-living spaces priced at ₹12,000-20,000 monthly.

Tech Hub Area Property Price Range (₹ lakhs) Monthly Rental (₹) Rental Yield
Whitefield, Bangalore 80-130 30,000-48,000 3.2%
Electronic City 65-95 25,000-38,000 3.5%
HITEC City, Hyderabad 60-90 22,000-32,000 3.4%
Gachibowli 55-80 20,000-30,000 3.6%

Tier 2 and Tier 3 City Opportunities

Pune, Ahmedabad and Chandigarh emerge as attractive alternatives offering property prices 40-50% lower than metro cities. Pune's Hinjewadi and Kharadi areas price 2BHK apartments at ₹45-70 lakhs with monthly rentals of ₹18,000-28,000. Ahmedabad's SG Highway corridor offers similar configurations at ₹35-55 lakhs with rentals ranging ₹12,000-20,000 monthly.

Tier 3 cities like Coimbatore, Indore and Nashik present compelling investment propositions with entry-level 2BHK apartments priced at ₹25-40 lakhs. These markets demonstrate 12-15% annual appreciation driven by infrastructure development and industrial growth. Monthly rentals range from ₹8,000-15,000 offering rental yields of 3.5-4.2%.

Remote work flexibility enables professionals to consider these cities where property ownership becomes financially viable. A ₹30 lakh apartment in Indore requires ₹3-6 lakhs down payment compared to ₹15-20 lakhs for similar specifications in Bangalore. EMI commitments in tier 2 cities average ₹25,000-35,000 monthly versus ₹60,000-80,000 in metropolitan areas.

Government initiatives like the Smart Cities Mission allocated ₹48,000 crores of central funding for infrastructure development across 100 cities. The mission formally closed on 31 March 2025 with roughly 94% of its projects complete, and the metro links, ring roads, and civic upgrades it delivered continue to support prices in the cities that received them. Tier 2 cities receive priority funding for metro projects, ring roads and IT parks enhancing connectivity and livability. First-time buyers benefit from state-specific stamp duty reductions ranging from 1-2% in cities like Bhopal and Lucknow.

A decision framework for renting or buying

Property decisions in 2026 require systematic evaluation through proven financial frameworks. These analytical tools help individuals compare renting and buying objectively across India's diverse real estate markets.

The 5% rule and the price-to-rent ratio

The 5% rule is a quick way to set a year of owning against a year of renting. Its structure travels well: add up the money ownership burns and never returns, then compare it with the rent on a similar home. The split usually quoted alongside it does not travel at all. That split, mortgage interest 3%, property tax 1%, and maintenance 1%, comes from countries that tax assessed capital value at 1–2% a year. India taxes annual or unit-area value instead, which makes the property tax line roughly seven times too heavy here, and the maintenance line describes a detached house rather than a flat whose price is mostly land.

Rebuilt on Indian terms, a ₹1 crore metro flat burns about 4.5% of its value a year:

  • Cost of capital, about 3.8%. An 80% loan at 8.75% costs 7% of the price in interest while the loan is near full size, and the 20% you put down forgoes roughly 9% elsewhere, adding 1.8%. Against 5% expected appreciation, the net drag is 3.8%. Appreciation is the least certain number here, so it is the one worth varying.
  • Society maintenance, about 0.54%. Roughly ₹4,500 a month for a flat this size, at the ₹3–8 per sq ft metro societies charge.
  • Property tax, about 0.15%. Roughly ₹15,000 a year, assessed on annual value under municipal rules rather than on the price you paid.
  • Insurance, about 0.04%. Roughly ₹4,000 a year, covering the cost of rebuilding the structure, not the market price.

That comes to about ₹4,53,000 a year you do not get back. A comparable Bengaluru flat lets for around ₹32,000 a month, or ₹3,84,000 a year, a gross yield of 3.8% and in line with the 3–4% the city has been running. On these numbers the renting year is cheaper by roughly ₹69,000, and the rule points towards renting.

The margin is thin enough to turn on inputs specific to your deal. A keener purchase price, a lower loan rate, or appreciation above 5% closes it, and each is plausible in a particular building. That is the limit of any rule of thumb: it narrows the question rather than answering it, which is what the rent vs buy calculator is for. If you are buying to let rather than to live in, the Property Investment Calculator runs the landlord case against investing the same money instead; our note on the rebuild explains the method behind it.

The price-to-rent ratio offers another crucial metric by dividing property price by annual rent. Indian metropolitan areas show varying ratios:

City Average Property Price (2BHK) Annual Rent P/R Ratio
Mumbai ₹1.5-2.5 crores ₹4.8-9.6 lakhs 26-31
Bangalore ₹85-120 lakhs ₹3-5.4 lakhs 22-28
Delhi NCR ₹75-150 lakhs ₹3.6-7.2 lakhs 21-25
Pune ₹60-90 lakhs ₹2.4-4.2 lakhs 21-25

Ratios above 25 typically indicate renting offers better value. Ratios between 15-20 suggest buying presents stronger financial merit. Current Indian markets predominantly show ratios exceeding 20, reflecting elevated property prices relative to rental yields.

Break-even Analysis for Your Situation

Break-even analysis determines the timeframe when cumulative ownership costs equal rental expenses plus investment returns. This calculation incorporates property appreciation, tax benefits, and alternative investment opportunities.

Consider a ₹80 lakh apartment in Pune with these parameters:

  • Down payment: ₹16 lakhs
  • Home loan: ₹64 lakhs at 8.5% for 20 years
  • EMI: ₹55,680
  • Monthly rent for comparable unit: ₹25,000

The break-even calculation factors:

Ownership costs (monthly):

  • EMI: ₹55,680
  • Maintenance: ₹5,000
  • Property tax: ₹2,500
  • Total: ₹63,180

Rental scenario (monthly):

  • Rent: ₹25,000
  • Investment of down payment at 12% returns: ₹16,000
  • Total effective cost: ₹41,000

Monthly difference: ₹22,180 favouring renting initially.

Property appreciation at 10% annually generates ₹8 lakhs in the first year (₹66,667 monthly). Tax deductions on home loan interest save approximately ₹8,000 monthly for individuals in the 30% tax bracket.

Adjusted monthly benefit from ownership:

  • Property appreciation: ₹66,667
  • Tax savings: ₹8,000
  • Less additional cost: ₹22,180
  • Net benefit: ₹52,487

This analysis indicates ownership becomes financially advantageous immediately for this scenario. Break-even periods vary based on location, property type, and individual tax situations.

Key variables affecting break-even timing include:

  • Interest rate changes: Each 0.5% rate increase extends break-even by 6-12 months
  • Rental escalation: 10% annual increases reduce break-even period by 18-24 months
  • Property appreciation: Each 2% appreciation difference alters break-even by 2-3 years

Professionals can utilise online calculators incorporating these variables for personalised analysis. Financial advisors recommend reassessing break-even calculations annually as market conditions evolve.

Key takeaways

  • Property prices in major Indian metros have risen 8-12% annually (2023-2025); the RBI cut the repo rate to 5.25% by December 2025, and home loan interest rates now run roughly 7.25-9.5%, though EMIs still consume 40-45% of monthly income for typical buyers given how much prices have risen
  • Gross rental yields sit at roughly 2-4% across cities (lowest in Mumbai, higher in Delhi and Kolkata on median stock), whilst the same capital invested in equity mutual funds has historically returned 10-15% annually
  • The 5% rule and price-to-rent ratios above 20-25 in most metros suggest renting offers better value, though deductions under Section 24(b) and 80C can cut a homeowner's taxable income by up to ₹3.5 lakhs a year on the old tax regime, worth roughly ₹1.1 lakhs in tax at the 30% slab
  • Career mobility and remote work flexibility favour renting for 70% of startup employees and 45% of IT professionals, whilst stable government employees show 85% homeownership rates
  • Tier 2 cities like Pune and Ahmedabad offer properties at 40-50% lower prices than metros, with better rental yields of 3.5-4.2% and stronger appreciation potential from infrastructure development
  • Break-even analysis reveals ownership becomes advantageous when staying beyond 5-7 years, factoring in property appreciation, tax savings, and maintenance costs versus rental expenses plus investment returns

Conclusion

The rent versus buy decision in 2026 India isn't about finding a universal answer but rather discovering what aligns with individual circumstances. Smart property decisions require balancing financial calculations with personal aspirations whilst considering market volatility and life goals.

Those who prioritise flexibility and minimal commitment might find renting advantageous despite missing out on property appreciation. Meanwhile buyers who've secured stable income streams and long-term roots can leverage homeownership's wealth-building potential even with higher interest rates.

Tier 2 cities offer fresh opportunities that weren't viable just years ago. Remote work's normalisation has expanded property choices beyond traditional metro boundaries creating new equations for housing decisions.

Success in 2026's property market demands regular reassessment as conditions shift rapidly. Whether someone chooses to rent or buy they'll benefit from staying informed about policy changes market trends and emerging investment alternatives. The right decision today might need revision tomorrow as India's property ecosystem continues its remarkable transformation.

Rent vs buy questions, answered

What are the current property price trends in Indian metros for 2026?

Property prices in metropolitan areas have surged 8-12% annually from 2023 to 2025. Mumbai's prime localities command ₹15,000-25,000 per square foot, whilst Bangalore's tech corridors have seen 15% appreciation, pushing average 2BHK apartments to ₹85-120 lakhs. Delhi NCR shows significant variation across regions, and tier 2 cities like Pune and Ahmedabad offer more affordable alternatives with promising appreciation rates.

How have interest rates affected home buying decisions in 2026?

The Reserve Bank of India cut the repo rate through 2025, reaching 5.25% by December 2025 and holding there since, which brings home loan interest rates to roughly 7.25-9.5% for most borrowers. Even with this relief, elevated property prices mean first-time buyers must still factor in substantial EMI payments when making housing decisions.

What are the typical rental yields across major Indian cities?

Gross rental yields sit at roughly 2-4% across the major cities in 2026. Mumbai is the lowest at about 2.0-3.8% with monthly rents for 2BHK apartments ranging from ₹40,000-80,000, while Bengaluru runs 3.0-4.1% and commands ₹25,000-45,000 for similar properties. Delhi and Kolkata read higher on median stock. These yields reflect the balance between high property prices and rental demand in urban centres.

Should I rent or buy property in 2026?

The decision depends on personal circumstances, financial stability, and long-term goals. Use the 5% rule to compare annual ownership costs against rental expenses and calculate the price-to-rent ratio. Consider factors like job stability, family planning, and investment alternatives. Professionals with stable employment typically favour buying, whilst gig economy workers often prefer renting's flexibility.

What hidden costs should I consider when buying property?

Beyond the 10-25% down payment, buyers must account for property tax, maintenance charges (typically ₹3-5 per square foot monthly), home insurance premiums, and society fees. Additionally, consider opportunity costs: whilst property appreciates at 8-12%, equity mutual funds have historically returned 10-15%, potentially offering better returns on invested capital.

How has remote work influenced property decisions in 2026?

Post-pandemic work patterns have significantly shifted housing preferences. Remote workers increasingly consider properties further from city centres where prices are lower. This trend has boosted demand in tier 2 and tier 3 cities, whilst co-living spaces have gained popularity among young professionals seeking flexibility and community amenities in urban areas.

Further reading