Rental Growth Moderates as Housing Supply Rises

19 May 2026 CW Team

India’s rental housing market moved into a more balanced growth phase in the January–March 2026 quarter, with fresh supply across peripheral corridors moderating rental appreciation in key cities, according to the Magicbricks Rental Index Report.

Rental demand rose marginally by 0.6 per cent QoQ, while supply increased 9 per cent QoQ and 12 per cent YoY, supported by new project completions and residential handovers in emerging micro-markets. Average rents across India grew 2 per cent QoQ and 14 per cent YoY during the quarter.

The Rs 10,000–20,000 rental segment led national demand with a 36 per cent share, followed by the Rs 20,000–30,000 segment at 22 per cent. Two-bedroom homes remained the most preferred configuration, accounting for 45 per cent of tenant demand, while semi-furnished homes dominated both demand and supply.

Bengaluru was the strongest-performing rental market, with demand rising 5.2 per cent QoQ and rents increasing 8.6 per cent QoQ, driven by activity across IT corridors. Hyderabad also recorded healthy growth, with rents up 15 per cent YoY, supported by employment growth and infrastructure expansion.

However, NCR and MMR markets saw softer rental momentum as supply outpaced incremental demand. Gurugram recorded a 10.4 per cent QoQ rise in supply, while rents declined 1.1 per cent QoQ. Mumbai saw supply rise 11 per cent QoQ even as demand moderated by 1.8 per cent QoQ.

Mumbai remained India’s most expensive rental market, while Greater Noida, Ahmedabad and Noida were among the most affordable destinations. Peripheral locations such as Southern Peripheral Road, Dwarka Expressway, New Gurgaon, Taloja, Kharghar, Panvel, Sarjapur Road, Thanisandra, Medchal Highway and Miyapur emerged as major supply growth hubs.

The report also highlighted strong rental yields in Chennai at 4.87 per cent, Kolkata at 4.81 per cent, Bengaluru at 4.19 per cent and Hyderabad at 4.06 per cent, indicating sustained tenant demand and healthy investor returns.

Building Material

11 Jun 2026

Enlight Metals to Expand Raipur Plant Capacity

Enlight Metals has announced plans to expand the production capacity of its Raipur manufacturing facility from around 1,200 tonnes to nearly 4,000 tonnes.The expansion is aimed at strengthening the company’s ability to serve rising demand across industrial, infrastructure and contract manufacturing requirements.Located in Raipur, Chhattisgarh, the facility serves as a key manufacturing hub for Enlight Metals. The planned capacity enhancement is expected to improve supply capabilities, operational efficiency and the company’s ability to handle larger project requirements.The facility includ..

Hindustan Zinc Partners Sulfozyme for Zinc Park Project

Hindustan Zinc has signed a Memorandum of Understanding with Sulfozyme Agro India under its Zinc Industrial Park initiative at Khankhala in Bhilwara district, Rajasthan. The partnership aims to strengthen India’s downstream zinc sector through sustainable metal recovery, resource efficiency and industrial development.Under the agreement, Sulfozyme Agro will establish proposed operations at the Zinc Industrial Park to process zinc-based materials into value-added products for industrial and downstream applications.Hindustan Zinc will support the venture through assured raw material linkage an..

Cortec MCI Technology Restores Croatia Monuments

Cortec’s Migrating Corrosion Inhibitor technology has been used in restoration works for historic monuments in Croatia, including the Church of St Donatus in Zadar and the medieval city walls of Ilok.The Church of St Donatus, one of the most significant pre-Romanesque churches in Europe, is listed in the Register of Cultural Goods of the Republic of Croatia and is under UNESCO protection. The monument required urgent rehabilitation after 3D scanning analysis identified critical issues in the church walls, main structure and roof.The reinforced concrete support structure beneath the roof, ins..