India’s Residential Rents Jump 14% in Early 2026: Magicbricks
NEW DELHI: According to the Magicbricks Rental Index, average residential rents in India rose by 14% year-on-year and 2% quarter-on-quarter in the January-March 2026 period. During this period, rental demand increased by 0.6% quarter-on-quarter, while the supply grew by 9% sequentially and 12% year-on-year, spurred by the completion and handover of new projects in developing areas. The report indicates that the market is approaching a more balanced state, with new supply moderating rental increases in key cities. The ₹10,000-20,000 monthly rental bracket constituted 36% of total demand, followed by the ₹20,000-30,000 range at 22%. Among residential configurations, 2BHK units continued…