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

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

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.

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.

Next Story
Real Estate

Vikas Jain named President of NAREDCO Maharashtra NextGen

Vikas Jain, CEO of Labdhi Lifestyle, has been appointed President of NAREDCO Maharashtra NextGen, succeeding Ridham Gada, who now serves as Vice-Chairman. Jain, a first-generation developer and turnaround specialist, aims to steer the youth wing of NAREDCO Maharashtra through a finance-driven and tech-enabled growth phase. Under his leadership, the association will prioritise project financing, RERA compliance, technology adoption, and future-ready leadership. “It is an honour to lead NAREDCO Maharashtra NextGen. This platform empowers the next generation of real estate leaders,” Jain sai..

Next Story
Infrastructure Energy

TP Solar Crosses 4 GW Solar Output at Tamil Nadu Plant

TP Solar Limited, a wholly owned subsidiary of Tata Power Renewable Energy Limited (TPREL) and the manufacturing division of Tata Power, has announced a major production milestone—crossing 4 GW of solar module output at its advanced facility in Tamil Nadu.As of 31 May 2025, the plant has cumulatively manufactured 4.049 GW of solar modules and 1.441 GW of solar cells. This milestone underscores the company’s growing role in supporting India’s clean energy transition and self-reliance in renewable energy manufacturing.Looking ahead, TP Solar is targeting 3.7 GW of solar cell output and 3.7..

Next Story
Infrastructure Urban

Aayush Art and Bullion Reports 1000 per cent Rise in FY25 Revenue

Aayush Art and Bullion Ltd (BSE: 540718), formerly AKM Creations Ltd, has announced its audited standalone financial results for H2 and the full financial year ending 31 March 2025, showcasing a sharp surge in both revenue and profitability. The company attributes this stellar performance to robust demand across its key verticals and strategic execution initiatives.For FY25, the company reported revenue of Rs 737.7 million, marking a 1,000 per cent year-on-year increase compared to Rs 73.3 million in FY24. Net profit for FY25 stood at Rs 18.1 million, a jump of 696 per cent over the Rs 2.6 mil..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?