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.

Infrastructure Energy

19 May 2026

Advait signs hydrogen fuel cell pact

Advait Energy Transitions has signed an MoU with Norway-based TECO Fuel Cell Technology AS at the 3rd India–Nordic Summit in Oslo to establish a framework for hydrogen fuel cell manufacturing in India.The agreement was signed by Shalin Sheth, Founder and Managing Director, Advait Energy Transitions, and Tore Enger, Executive Chairman, TECO Maritime Group and CEO, TECO Fuel Cell Technology AS. The signing was witnessed by Prime Minister Narendra Modi and Norway Prime Minister Jonas Gahr Støre.Under the collaboration, TECO Fuel Cell Technology and AVL List GmbH of Austria will bring their joi..

Bridgestone launches tyre campaign

Bridgestone India has launched its new brand campaign, ‘Feel the Bridgestone Difference’, highlighting how the right tyre fitment can improve vehicle performance, safety and driving comfort.The campaign focuses on tyres as the critical contact point between a car and the road, influencing control, braking, grip, handling, road noise, fuel efficiency and tyre life. Bridgestone said its tyres are designed to help vehicles perform to their full potential across India’s varied road and driving conditions.The campaign also uses nature-inspired symbols such as the mountain goat, cheetah and rh..

Bondada bags Rs 469.52 crore Adani orders

Bondada Engineering has secured multiple orders worth Rs 469.52 crore from the Adani Group for the Balance of System (BOS) package of a 250 MW solar power project at Khavda, Kutch, Gujarat.The orders, awarded by Adani Green Energy and Adani Green Energy Six, include the supply of goods and onsite services for the project. The work is scheduled to be completed within eight months from the receipt of the order.With this win, Bondada Engineering’s cumulative project capacity with the Adani Group has reached around 1 GW, strengthening its presence in India’s renewable energy infrastructure sec..