Rising Rents Boost Homeownership Appeal: Magicbricks

25 Feb 2025 CW Team

Magicbricks, India’s leading real estate platform, has unveiled new insights highlighting a significant surge in rental values across key Indian cities, making renting increasingly unaffordable for end-users. The Rent to Price Growth Differential (RPGD) indicates that cities where rental appreciation has outpaced capital value growth—such as Mumbai (3.61), Greater Noida (2.27), Delhi (2.12), Chennai (1.76), and Ahmedabad (1.46)—are becoming costlier for tenants.

As rents soar, more tenants may be encouraged to reconsider homeownership as a more financially viable alternative. According to the report, in Q4’ 2024 alone, average rents increased 4.1 per cent Q-o-Q and 18.4 per cent Y-o-Y to touch Rs 37.27 psf per month as against Rs 31.48 psf per month in Q4’ 2023. The increase is most evident in cities such as Greater Noida (36.3 per cent Y-o-Y), Delhi (27.0 per cent Y-o-Y), Bengaluru (23.2 per cent Y-o-Y) and Noida (17.3 per cent Y-o-Y).

However, in cities where RPGD remains below 1—Gurugram (0.58), Pune (0.38), and Hyderabad (0.31)—renting is still more affordable compared to buying, maintaining the viability of the rental market. Despite short-term fluctuations, the rental sector continues to demonstrate strong resilience, driven by urban migration and a growing workforce seeking flexible, well-located housing solutions.

According to Prasun Kumar, Chief Marketing Officer, Magicbricks “The demand for premium rental accommodations is rising sharply, particularly in furnished and semi-furnished segments, as tenants prioritize lifestyle amenities and convenience. However, rental price inflation is reshaping housing choices, pushing demand towards suburban and peripheral locations, thereby creating new investment opportunities in emerging rental hubs.”

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..