Indian rents on the rise; 16% Y-o-Y in March quarter

13 May 2024 CW Team

Rental prices in major Indian cities are experiencing a significant upswing, with a 16% year-on-year increase reported in the March quarter by Magicbricks. This surge is particularly notable in tech hubs like Greater Noida with a 32.1% increase, Gurugram with 24.5%, and Bengaluru with 23.7%.

While demand for rental accommodation remains strong, particularly in the Rs 10,000 to Rs 30,000 per month range (42% of total demand), the supply of rental units is only growing marginally with 1.8% Q-o-Q. This mismatch between supply and demand is a key driver behind the rent increase.

The rise in rents reflects a changing real estate landscape. Factors like the return to office work and evolving tenant preferences are influencing the market.

Abhishek Bhadra, Head of Research, Magicbricks, explained the driving factors behind the surge in rents. "Prior to 2020, residential rental yields in India were averaging around 3%. However, since 2022, following the resumption of office operations, we've witnessed a notable surge in rental demand, consequently driving up rents and offering higher yields to landlords." He added, "We anticipate this upward trend in rents to persist over the next few months, particularly as rental activity typically peaks in the first two quarters of the fiscal year. Notably, residential and IT hubs like Bengaluru, Gurugram, Hyderabad, and Noida have experienced significant increases in their rental yields, in line with our expectations."

As rents climb, both landlords and tenants will need to adjust to the new market dynamics. Stakeholders, including policymakers and developers, need to collaborate on solutions that ensure the availability of affordable rental housing options and a balanced approach to rental policies and real estate development.

(Source: Economic Times)

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..