India’s Rental Market Sees 18% YoY Growth as Demand Stabilises: Magicbricks Q3 2025 Report
During the quarter, national rental demand increased marginally by 0.2% QoQ and 0.4% YoY, while supply rose 0.6% QoQ and 5.9% YoY, signalling a gradual alignment between tenant demand and available listings.
Among metros, Delhi–NCR led rental demand growth, driven by Greater Noida (29.5% QoQ), Delhi (17.8% QoQ), and Noida (10.8% QoQ). Kolkata also saw a 5.4% rise in demand. In contrast, Chennai, Bengaluru, Hyderabad, Pune, and Mumbai recorded mild slowdowns, with demand dipping between –1.2% and –7.2% QoQ. On the supply side, Delhi posted the sharpest increase at 17.6% QoQ, followed by Ahmedabad (6.5% QoQ).
Average rents continued to strengthen across markets, led by Thane (12.5% QoQ), Chennai (6.7% QoQ), Mumbai (4.9% QoQ), and Delhi (4.5% QoQ), reflecting strong absorption and continued urban demand.
Prasun Kumar, CMO, Magicbricks, said, “The national rental market is stabilising after several quarters of rapid growth. Infrastructure upgrades, better connectivity, and a steady supply of mid-sized homes are sustaining tenant interest in NCR. The moderation in rents across most cities signals a healthy rebalancing between supply and demand, improving affordability and creating a predictable environment for tenants, homeowners, and investors.”
Nationally, two-bedroom homes remained the most preferred, accounting for 44% of demand, followed by one-bedroom units (32%). Semi-furnished homes dominated with 51% of demand and 54% of supply, while mid-sized homes (500–1,500 sq. ft.) comprised 77% of tenant preference, underscoring India’s growing mid-segment rental housing trend.
Published on:
19 November 2025
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