Yield · June 2026
The luxury rental market: what a trophy home actually earns.
Sidhharrth Rana · 5 min read
Rental yields on ultra-prime homes are thin, but the tenant profile and resale upside change the maths.
Owners of ultra-prime homes are often surprised by the rent. On paper, luxury yields in Gurugram are thin, low single digits, below a mid-market flat.
But the headline misses the point. The luxury tenant, an expat CEO, a company lease, a diplomat, pays reliably, maintains the home, and stays. And the owner rarely rents for cash flow; they hold for appreciation, with rent covering carry.
Nobody buys a trophy home for the rent. But the rent should still make sense.
Where it works
Corporate leases on Golf Course Road and full floors near the fairway command the strongest, most stable rents. New Phase 1 floors rent fast on location. The weakest performers are large, bespoke homes in outer sectors, a thin tenant pool.
The founder's takeSidhharrth Rana
I tell owners the truth: your yield will look unexciting next to a small flat. That is normal, and not why you own this.
What I care about is the tenant. A good corporate lease that keeps the house pristine is worth more to your resale than an extra half percent of rent.
Every view here is the firm's own, informed by the deals we actually do. If it is useful, let us apply it to your situation.
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