India House Prices, Rents & Rental Yields (2026)
How much property costs in India, what it rents for and how that compares with neighbouring markets in Southern Asia. City-centre prices per m² rank 3 of 6 in this comparison; gross yields rank 5 of 5.
- Apartment price per m² (city centre)
- $1,642
- 2023
- Apartment price per m² (outside centre)
- $877
- 2023
- Gross rental yield (city centre)
- 2.7%
- 2024
- Price-to-income ratio
- 13.3
- 2024
- Rent: 1-bedroom, city centre
- $270/mo
- 2024
- Mortgage interest rate (20-year fixed)
- 9.0%
- 2023
Price and rent trends in India
Latest property market indicators
| Indicator | Value | Year | Change | Source |
|---|---|---|---|---|
| Apartment price per m² (city centre)Average asking price per square metre to buy an apartment in city centres | $1,642 | 2023 | -3.3% vs 2022 | Numbeo |
| Apartment price per m² (outside centre)Average price per square metre to buy an apartment outside city centres | $877 | 2023 | +11.6% vs 2022 | Numbeo |
| Price-to-income ratioMedian apartment price divided by median annual disposable family income | 13.3 | 2024 | +44.6% vs 2023 | Numbeo |
| Gross rental yield (city centre)Annual rent as a percentage of purchase price, city-centre apartments | 2.7% | 2024 | -0.5 pp vs 2023 | Numbeo |
| Price-to-rent ratio (city centre)Purchase price divided by annual rent, city-centre apartments | 36.9 | 2024 | +16.8% vs 2023 | Numbeo |
| Rent: 1-bedroom, city centreAverage monthly rent of a one-bedroom apartment in the city centre | $270/mo | 2024 | +23.2% vs 2023 | Numbeo |
| Rent: 1-bedroom, outside centreAverage monthly rent of a one-bedroom apartment outside the centre | $136/mo | 2023 | +3.6% vs 2022 | Numbeo |
| Rent: 3-bedroom, city centreAverage monthly rent of a three-bedroom apartment in the city centre | $515/mo | 2023 | +8.0% vs 2022 | Numbeo |
| Rent: 3-bedroom, outside centreAverage monthly rent of a three-bedroom apartment outside the centre | $308/mo | 2023 | +5.3% vs 2022 | Numbeo |
| Mortgage interest rate (20-year fixed)Average yearly mortgage interest rate, 20-year fixed | 9.0% | 2023 | +1.0 pp vs 2022 | Numbeo |
Year-by-year data
| Year | Apartment price per m² (city centre) | Apartment price per m² (outside centre) | Price-to-income ratio | Gross rental yield (city centre) | Price-to-rent ratio (city centre) | Rent: 1-bedroom, city centre | Rent: 1-bedroom, outside centre | Rent: 3-bedroom, city centre | Rent: 3-bedroom, outside centre | Mortgage interest rate (20-year fixed) |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | — | — | 13.3 | 2.7% | 36.9 | $270/mo | — | — | — | — |
| 2023 | $1,642 | $877 | 9.2 | 3.2% | 31.6 | $219/mo | $136/mo | $515/mo | $308/mo | 9.0% |
| 2022 | $1,697 | $786 | 10.2 | 3.1% | 32.3 | $209/mo | $131/mo | $477/mo | $292/mo | 8.1% |
| 2021 | $1,646 | $761 | 11.3 | 3.0% | 32.9 | $202/mo | $127/mo | $453/mo | $281/mo | 8.1% |
| 2020 | $1,608 | $759 | 11.4 | 3.0% | 33.5 | $207/mo | $125/mo | $482/mo | $286/mo | 9.0% |
| 2019 | $1,742 | $836 | 11.3 | 2.9% | 34.7 | $219/mo | $132/mo | $507/mo | $299/mo | 9.5% |
| 2018 | $1,870 | $856 | 9.7 | 3.1% | 32.8 | $212/mo | $127/mo | $507/mo | $298/mo | 9.5% |
| 2017 | $1,947 | $896 | 10.3 | 3.1% | 32.4 | $217/mo | $132/mo | $522/mo | $311/mo | 9.8% |
India compared with Southern Asia
| Country | Apartment price per m² (city centre) | Gross rental yield (city centre) | Price-to-income ratio | Mortgage interest rate (20-year fixed) |
|---|---|---|---|---|
| India | $1,642 | 2.7% | 13.3 | 9.0% |
| Bangladesh | $1,039 | 3.1% | 12.7 | 10.3% |
| Iran | $1,639 | 5.5% | 22.4 | 23.3% |
| Nepal | $2,069 | — | — | 13.3% |
| Pakistan | $553 | 4.5% | 12.5 | 19.9% |
| Sri Lanka | $1,747 | 3.6% | 36 | 17.7% |
Related
- Properties for sale in India (72,948)
- Mortgages in India for foreigners
- India market overview
- Tax rates in India
Prices, rents, yields and mortgage rates: Numbeo (crowd-sourced, national averages of city data). Values in US dollars.