Prediction Held up AI assessment confidence: 92% certainty 4/5 debate potential 2/5

Gupta: Rental prices will not drop, but growth will moderate

Akhil Gupta · Is India's Real Estate Industry Doomed? | NoBroker IITian Founder on The Neon Show · Dec 19, 2022 · at 41:28

Akhil Gupta, co-founder and CTO of NoBroker, forecasts the future trajectory of urban residential rental prices in India following the post-COVID spike.

0:00 / 0:04exact quote · 4.5s

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“Rentals will not go down, but it will not increase at this pace.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

Residential rental prices in major Indian tech hubs like Bangalore will not decrease in 2023, but their year-over-year rate of growth will moderate compared to 2022.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

Both legs of Akhil Gupta's December 19, 2022 prediction held true across 2023. First, residential rental prices in Bengaluru and other major Indian tech hubs (e.g., Hyderabad, Pune) did not decline relative to end-2022 levels; instead, they continued to rise throughout 2023 (e.g., ANAROCK reported Whitefield rents grew from ₹24,600 at end-2022 to ₹30,200 by end-2023). Second, the pace of annual rental growth moderated from the intense post-pandemic return-to-office spikes of 40% to 80% recorded across key tech corridors in 2022 down to a range of 15% to 31% in 2023.

ANAROCK Research reported that average monthly rents in Bengaluru's key IT micro-markets increased from end-2022 to end-2023 (Whitefield rose from ₹24,600 to ₹30,200; Sarjapur Road rose from ₹24,000 to ₹31,600), with no decline recorded.
Similar positive rental growth was recorded across other major tech hubs in 2023, including Hyderabad (HITECH City +16%) and Pune (Hinjewadi +17%).
Magicbricks and ANAROCK data confirmed that the annual rate of rental growth moderated from 40%–80% spikes observed during 2022 to 15%–31% across major tech corridors in 2023.

Checked against

[1] commercialdesignindia.com [2] indiatimes.com [3] indiatimes.com [4] magicbricks.com [5] constructionweekonline.in [6] facebook.com [7] knightfrank.com [8] bangaloreupcomingresidentialprojects.com

Bangalore residential rental prices growth 2022 2023 Anarock "Anarock" "rental" "Bangalore" 2023 full year OR "2022" "2023" "Whitefield" OR "Sarjapur" Magicbricks rental index Bangalore 2023 2022 "Magicbricks" "Rental Index" Bangalore 2023 "2022" Knight Frank residential rental growth Bangalore 2023 2022 "residential rental" growth "2023" "2022" Bangalore "Anarock" OR "Magicbricks"

assessed as of 2026-09-02

This assessment is an AI reading of a public statement, made against the cited references with the confidence shown. It can be wrong. The quote, the tape and the references are all on this page; if something is off, use report an error below. full disclaimer →

Mentioned

India rental prices

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Gupta: Rental prices will not drop, but growth will moderate

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