Rental searches rises 18% quarter-on-quarter in 13 cities

23 Aug 2023 CW Team

According to the Rental Index of Magicbricks, a real estate company, rental searches surged by 18.1% quarter over quarter across 13 major cities in India, while listings jumped by 9.6% and rentals rose by 4.9%.

The largest quarterly increases in average rents were seen in Bengaluru (8.1%), Navi Mumbai (7.3%), and Gurugram (5.1%). On the other hand, Mumbai (-0.1%) and Delhi (-0.9%) had a slight decrease in rentals from one quarter to the next.

The company's CEO, Sudhir Pai, stated, "Returning workers and students have fuelled an increase in rental housing demand in key Indian cities over the previous year. The resumption of office culture increased the need for accommodation close to workplaces, and as educational institutions restarted in-person activities, students began to return to urban centers. In the meantime, homeowners took advantage of profitable home sales over rents as property values rose, limiting supply. Due to this and great demand, rentals have increased in well-known Indian cities.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..