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

13 Mar 2026

Implementation Status of Jal Jeevan Mission

Since August 2019 the Government has implemented Jal Jeevan Mission to provide assured potable water through household tap connections in rural India. At the start of the mission only 32.3 million (mn) rural households, representing 16.7 per cent, were reported to have tap water connections. States and union territories have reported that 125.8 mn additional rural households have since been provided with tap connections. As a result, of about 193.6 mn rural households roughly 158.2 mn, or 81.71 per cent, are reported to have tap water supply at home.\n\nThe State, district and village level st..

Jal Jeevan Mission Reaches Eighty One Per Cent Rural Coverage

The Government reported substantial progress under the Jal Jeevan Mission, launched in August 2019 to provide tap water to every rural household. At launch only 32.3 million (mn) rural households had tap connections and states and Union territories reported provision of 125.8 mn additional households by March 2026. Consequently, out of about 193.6 mn rural households around 158.2 mn, or 81.71 per cent, are reported to have tap water at home. The Finance Minister announced extension of the mission until 2028 in the 2025-26 budget speech. The Swachh Bharat Mission Grameen, launched in October 20..

Empowering Local Governance for Sustainable Rural Water Supply

The Ministry of Jal Shakti has aligned the Jal Jeevan Mission (JJM) with the 73rd Amendment to strengthen village level planning and community ownership of water supply. Gram Panchayats, village water and sanitation committees and Pani Samitis are to plan, implement, manage and maintain piped water systems, with gram sabha processes formalising handover and oversight. Implementation support agencies including non government organisations, community based organisations and self help groups have been empanelled to train local committees and promote women participation. Under JJM, the department ..